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Artigo Revisado por pares

Mark J. Flannery, Sorin M. Sorescu,

Previous studies of bank subordinated debenture yields have detected scant evidence that market investors rationally price bank-specific default risks. However, investors' incentives to monitor their banks' ... regulators have removed the conjectural guarantees on subordinated debentures that were so prominent in the period following Continental Illinois' failure. By examining debenture yields over the period 1983-91, we demonstrate that subordinated debenture prices reflect accounting risk measures, and that the ...

Tópico(s): Insurance and Financial Risk Management

1996 - Wiley | The Journal of Finance

Artigo Acesso aberto Brasil Produção Nacional Revisado por pares

Bianca Piloto Sincerre, Joelson Oliveira Sampaio, Rubéns Famá, José Odálio dos Santos,

... paper is to analyze earnings management (EM) surrounding debenture issues of companies listed on the BM&FBOVESPA. ... is especially important at the time of issuing debentures because if earnings are inflated, investors may pay ... under when making the decision to invest in debentures from these companies. In addition, it was verified ... level of earnings management in companies that issue debentures in the period preceding the event. Finally, the ...

Tópico(s): Corporate Finance and Governance

2016 - UNIVERSIDADE DE SÃO PAULO | Revista Contabilidade & Finanças

Jornais Acesso aberto

FROM OUR GOLF CORRESPONDENT, From Our Cricket Correspondent, From a Staff Reporter, FROM OUR SPECIAL CORRESPONDENT, From Our Athletics Correspondent-DUBLIN, JULY 21, From Our Rifle Shooting Correspondent, From Our Racing Staff, FROM OUR ROWING CORRESPONDENT, From Our Political Correspondent, FROM OUR CORRESPONDENT, FROM OUR AERONAUTICAL CORRESPONDENT, FROM OUR LABOUR STAFF, From Our Labour Correspondent, FROM OUR SALE ROOM CORRESPONDENT, From Our Motoring Correspondent, FROM OUR NORTHERN CORRESPONDENT, From Our Equestrian Correspondent-WHITE CITY, JULY 21, From Our Agricultural Correspondent-PETERBOROUGH, JULY 21, FROM OUR OWN CORRESPONDENT, FROM OUR DIPLOMATIC CORRESPONDENT, FROM A SPECIAL CORRESPONDENT, By Amalendu Das Gupta, From Our Correspondent-SALISBURY JULY 21, From Our Diplomatic Correspondent, FROM OUR COMMONWEALTH STAFF, From Our Own Correspondent-NEW YORK, JULY 21, From Our Defence Correspondent, From Our Own Correspondent, From Our Correspondent, From Our Parliamentary Correspondent-WESTMINSTER, WEDNESDAY, From Our Scottish Correspondent, FROM OUR CITY EDITOR, FROM OUR LABOUR CORRESPONDENT, FROM OUR INDUSTRIAL CORRESPONDENT, G. C. S. MACHON., R. E. GOODWIN. Chairman, Greater London Council Finance Committee., NORMAN MARSHALL, Chairman, Drama Advisory Committee, The British Council., ERNST ROSENTHAL., BROWN., RUSSELL KERR., CARMEN BLACKER., R. H. N. HARDY, Divisional Manager, British Railways Eastern, F. H. HACKMAN., R. S. E. SANDBACH., L. JOHN COLLINS., LAWRENCE D. HILLS, DirectorSecrctary, Henry Doubleday Research Association., FROM A CORRESPONDENT, From Our Special Correspondent-SPOLETO, From a Correspondent-BASLE, From Our Film Critic, FROM OUR POLITCAL CORRESPONDENT, From Our Northern Correspondent-MANCHESTER, JULY 21, By Our City Editor, From Our Special Correspondent, BY OUR CITY STAFF, FROM OUR ESTATES CORRESPONDENT, From a Correspondent, FROM LLOYD'S,

... Times of 1865. Business and Finance: Mather & Platt Debenture, The British & Commonwealth Shipping Company Limited Encouraging Improvement ... Gross Profit Incomes In 1964, Willenhall Growth Means Debenture Issue, Unigate Slows In Second Half, China Buying ...

1965 - Gale Group | TDA

Artigo Brasil Produção Nacional

Hsia Hua Sheng, Richard Saito,

... empiricamente proxies de liquidez baseadas nas caracteristicas das debentures das empresas brasileiras, assim como a interacao entre ... facilmente construidas para o mercado de corporate bonds (debentures). Foram coletadas 135 emissoes publicas e de suas ... de liquidez; controlando os tipos de emissores, as debentures com maior tamanho de emissao sao as mais ...

Tópico(s): Banking stability, regulation, efficiency

2008 - UNIVERSIDADE DE SÃO PAULO | Revista de Administração

Artigo Revisado por pares

Werner G. Frank, Jerry J. Weygandt,

... special treatment for certain securities, among them convertible debentures, investors might be misled in evaluating the earnings ... APB specified that the determination of which convertible debentures should be so classified is to be made ... different criterion for classifying at year-end convertible debentures as either debt or as residual securities. Specifically, ...

Tópico(s): Financial Reporting and Valuation Research

1971 - Wiley | Journal of Accounting Research

Jornais Acesso aberto

Sir Arthur E.Shipley.), WILLIAM ONYON., PARMOOR., ROBERT W. DANA., FIND GRAUCOR., BERTRAM G. FALLE., WALTER GREAVES-LORD., ED. H. GODDARD, F.S.A. Hon. Secretary, Wilts Archaeological Society. B. H. CUNNINGTON, F.S.A.Scot., Curator, Wilts Archaeological Society. Clyffe Vicarage. Swindon, June 13., FLINDERS PETRIE., WALTER CRICK., CALLISTHENES., A. M. HIND., G. ROWLAND BLADES., Dr. Chalmers Mitchell, F.R.S., ,

... Five Per Cents., London General Omnibus. The Proposed Debenture Stock Issue., Antofagasta (Chili) And Bolivia Railway Company. ... Coal And Iron Trade Difficulties. Arrangement With The Debenture-Holders., Traffic Receipts., U.S. Foreign Trade In ...

1927 - Gale Group | TDA

Artigo Acesso aberto Brasil Produção Nacional Revisado por pares

Edilson dos Santos Silva, Joséte Florêncio dos Santos, Moisés Araújo Almeida,

No mercado brasileiro, a emissão de debêntures começou a apresentar um crescimento significativo em função da estabilidade econômica após o Plano Real. Contudo, em mercados competitivos as empresas procuram ... títulos. Considerando, o crescimento do mercado nacional de debêntures, e que tanto as práticas de governança corporativa ... concentração de propriedade influencia na qualidade creditícia das debêntures emitidas por empresas listadas na BM&FBOVESPA, no ... com maior concentração de propriedade tendem a emitir debêntures com melhores classificações de crédito. Já o tamanho ...

Tópico(s): Corporate Finance and Governance

2012 - | Revista de Negócios

Artigo Revisado por pares

Kenneth Snowden,

... the United States when introduced as farm mortgage debentures in the 1880s. Using firm-level data and ... by one Kansas mortgage company, I find that debenture programs grew out of established loan brokerage operations ... broker because of size, term, or risk characteristics. Debentures broadened access to the interregional mortgage market and ...

Tópico(s): Banking stability, regulation, efficiency

2010 - Cambridge University Press | The Journal of Economic History

Artigo Revisado por pares

Jon Lunn,

... the chief broker and underwriter of railway loan (debenture) capital. Finally, two fundamental allegations made by critics ... of the BSA Co. are assessed: firstly, that debenture finance was a means of distributing disguised dividends ... debt within the railway monopoly, the functions of debenture finance and the imperatives which shaped rating policy ...

Tópico(s): Transport and Economic Policies

1992 - Cambridge University Press | The Journal of African History

Jornais Acesso aberto

FROM A STAFF REPORIER, From a Staff Reporter, From Our Golf Correspondent, From Our Special Correspondent, From Our Racing Correspondent, From Our Northern Correspondent, From Our Correspondent-CAMBRIDGE, OCT. 7, From Our Labour Staff-YORK, OCT. 7, FROM OUR LABOUR STAFF, From Our Estates Correspondent, From Our Architectural Correspondent, From Our Equestrian Correspondent-WEMBLEY, OCT. 7, From Our Medical Correspondent, FROM OUR POLITICAL CORRESPONDENT, FROM OUR SCOTTISH CORRESPONDENT, FROM OUR LABOUR CORRESPONDENT, From Our Middle East Correspondent-ADEN, OCT. 7, FROM OUR DEFENCE CORRESPONDENT, FROM OUR CORRESPONDENT, From Our Latin America Correspondent-NEW YORK, OCT. 7, From Our Own Correspondent-PARIS, OCT. 7, FROM OUR DIPLOMATIC CORRESPONDENT, FROM OUR OWN CORRESPONDENT, From Our Own Correspondent-ROME, OCT. 7, FROM OUR CORRESPONDENT IN EASTERN EUROPE, FROM OUR AERONAUTICAL CORRESPONDENT, From Our Own Correspondent-WASHINGTON, OCT. 7, FROM OUR LATIN AMERICA CORRESPONDENT, From Our Rome Correspondent, From Our Correspondent-NICOSIA, OCT. 7, From Our Correspondent, From Our Political Correspondent, From Our Own Correspondent, From Our United Nations Correspondent-NEW YORK, OCT. 7, RICHARD NUGENT, Chairman, Thames Conservancy., H. TREVOR WILLIAMS, ADRIAN C. BOULT., GERALD C. BISS, Chairman, General Practitioners' Association., F. D. CORFIELD., C. V. WEDGWOOD., ETHEL MANNIN., MARGARET COLE., ISOBEL PANNELL., NIGEL LAWSON., By Dr. C. J. H. Watson, Fellow of Merton College, Oxford, BERTRAM ROTA., S. KNOX CUNNINGHAM., BY SIR JULIAN HUXLEY, FROM OUR SALE ROOM CORRESPONDENT, From Our Science Correspondent, From Our New York Music Critic, From Our Special Correspondent-EDINBURGH, From Our Own Correspondent-CANBERRE, OCT. 7, From Our Correspondent-WELLINGTON, From Our Motoring Correspondent-PARIS, OCT. 7, FROM A SPECIAL CORRESPONDENT, From Our Special Correspondent-MONTREAL, From Our Special Correspondent-COLOGNE, OCT. 7, From Our Special Correspondent-HANOVER, By Our City Editor, BY OUR CITY STAFF, FROM LLOYD'S,

... of 1865. Business and Finance: New Issue Items Debenture For Fram Group 'Substantial Sum', Bumper Package From ... Rise 20 P.C., Mitsubishi Cut Dividend, Berk Debenture Placing, Pound Tends Firmer Continental Buying, Pilkington Canada ...

1965 - Gale Group | TDA

Artigo Revisado por pares

Kenneth G. Kelly,

... to authorize the investment of certain moneys in debentures to be issued for the construction of drainage ... 82 An Act respecting investment in Tile Drainage Debentures.”. 83 An Act to authorize Investments in Municipal Debentures issued in Aid of Stone and Timber Drainage.” ...

Tópico(s): Archaeology and Natural History

1975 - Wiley | Canadian Geographies / Géographies canadiennes

Artigo Acesso aberto Brasil Produção Nacional Revisado por pares

Cláudia Margareth Gomes Palhares, Carlos Henrique Silva do Carmo, Marília Paranaíba Ferreira, Alex Mussoi Ribeiro,

... quantidade de covenants financeiros presentes nos contratos de debêntures e a restrição advinda do covenant financeiro “Dívida ... número de covenants financeiros inseridos nos contratos das debêntures emitidas. Além disso, os resultados apontam que a ... a probabilidade de a escritura de emissão de debênture conter um covenant financeiro “Dívida Financeira Líquida/EBITDA” ... este trabalho mostra que as empresas emissoras de debêntures podem procurar mecanismos substitutos à utilização e à ... imposta pelo covenant de endividamento em contratos de debêntures.

Tópico(s): Financial Reporting and Valuation Research

2019 - UNIVERSIDADE DE SÃO PAULO | Revista de Contabilidade e Organizações

Artigo Acesso aberto Brasil Produção Nacional Revisado por pares

Guilherme Seigo Matsumoto, Guilherme Prandi Baraldi, Michele Nascimento Jucá,

... analisar a hipótese de que as emissões de debêntures geram retornos anormais positivos nas ações das companhias ... data do anúncio do início da distribuição das debêntures. O estudo analisa 40 pregões anteriores e posteriores ...

Tópico(s): Working Capital and Financial Performance

2018 - Brazilian Society of Finance | Brazilian Review of Finance

Artigo Acesso aberto Brasil Produção Nacional Revisado por pares

Jonatan Marlon Konraht, Ernesto Fernando Rodrigues Vicente,

... fatores determinantes da utilização de covenants contábeis nas debêntures emitidas no Brasil. Este estudo justifica-se pela ... fornecido. A amostra analisada é composta por 287 debêntures emitidas entre 2010 e 2016 pelas empresas listadas ...

Tópico(s): Corporate Finance and Governance

2019 - | Advances in Scientific and Applied Accounting

Artigo Acesso aberto Brasil Produção Nacional Revisado por pares

André Cadime de Godói, Joe Akira Yoshino, Rogério de Deus Oliveira,

A debênture vem se tornando um instrumento de captação cada vez mais importante para empresas não financeiras no mercado ... a magnitude deste risco para uma carteira de debêntures de empresas emissoras brasileiras. A abordagem utilizada baseia- ... a obtenção da composição ótima da carteira de debêntures.

Tópico(s): Financial Distress and Bankruptcy Prediction

2008 - UNIVERSIDADE DE SÃO PAULO | Estudos Econômicos (São Paulo)

Artigo Brasil Produção Nacional Revisado por pares

Aziz Xavier Beiruth, Luíz Paulo Lopes Fávero, Fernando Dal-Ri Múrcia, José Elias Feres de Almeida, Talles Vianna Brugni,

... of covenants in debt agreements of companies issuing debentures during the adoption of International Financial Reporting Standards ( ... contracts of public and private companies that issued debentures before and after IFRS adoption in Brazil, between ...

Tópico(s): Financial Distress and Bankruptcy Prediction

2017 - Taylor & Francis | Accounting Forum

Jornais Acesso aberto

ERNEST J. P. BENN., PRO BONO PUBLICO., H. H. TURNER., BANBURY or SOUTHAM., GEORGE WILSON, , JOHN ROSE BRADFORD, , Mr. RICHARD, BENNETT, , WARIS AMEER ALI, , FREDERICK WILLIS., CALLISTHENES, G., DERBY., H. A. L. FISHER., LAWRENCE CHUBB, , HERBERT BAKER.,

... Them, Workman, Clark Case Settlement Cheques Posted To Debenture-Holders, Trocadero Restaurant Work Of Reconstruction Now Finished, ... Queensland Issue, City News in Brief, Cammell Laird Debenture Stocks The Repayment Extension, Hamburg Coffee Market, Meat ...

1930 - Gale Group | TDA

Artigo Revisado por pares

Mark J. Flannery,

... Reserve System Study Group on Subordinated Notes and Debentures (1999) " Using Subordinated Debt as an Instrument of Market Discipline," Study Group on Subordinated Notes and Debentures, Federal Reserve Board of Governors. Merton, Robert C. ( ...

Tópico(s): Global Financial Crisis and Policies

2014 - Wiley | Journal of money credit and banking

Artigo Revisado por pares

Les Hannah,

... value of domestic non-rail equities (excluding preferences, debentures and infrequently-traded shares) on the LSE as £ ... higher if some only issued preference shares or debentures. Such securities, though common in railways, were still ...

Tópico(s): Corporate Finance and Governance

2013 - Taylor & Francis | Business History