Dissertations / Theses on the topic 'Loan contracting'
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MA, Yiu Chung. "CEO compensation and loan contracting." Digital Commons @ Lingnan University, 2011. https://commons.ln.edu.hk/econ_etd/3.
Full textJericevic, Sandra Lynne. "Loan contracting and the credit cycle /." Connect to thesis, 2002. http://eprints.unimelb.edu.au/archive/00000737.
Full textSteffen, Sascha. "The role of private information in financial contracting : evidence from the syndicated loan market /." [S.l. : s.n.], 2007. http://www.gbv.de/dms/zbw/558861342.pdf.
Full textStevenson, Bradley Allen. "An Analysis of the Monitoring Ability of Commercial Banks with Two Applications in Loan Contracting." University of Cincinnati / OhioLINK, 2005. http://rave.ohiolink.edu/etdc/view?acc_num=ucin1124278058.
Full textRecord, Matthew Christopher Record. "How the Policymaking Environment Influences Implementation and Outcomes: Service-delivery Processes, Mortgage Lending Access, and Loan Performance in State Housing Agencies." The Ohio State University, 2017. http://rave.ohiolink.edu/etdc/view?acc_num=osu1502816394549949.
Full textSILVA, NATASHA SOARES MONTEIRO DA. "OPTIMAL CONTRACTING OF TRANSMISSION SYSTEM USAGE AMOUNTS VIA FLEXIBLE STATIC EQUIVALENTS AND PROBABILISTIC LOAD FLOW." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2018. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=36275@1.
Full textCOORDENAÇÃO DE APERFEIÇOAMENTO DO PESSOAL DE ENSINO SUPERIOR
PROGRAMA DE EXCELENCIA ACADEMICA
Na década de noventa, no Brasil, havia uma predominância de empresas verticalizadas no setor elétrico, pertencentes aos governos estaduais e federais, que no decorrer do processo de reestruturação e privatização sofreram uma desverticalização das suas atividades, em geração, transmissão, distribuição e comercialização. Após iniciada a privatização das companhias foi criada a Agência Nacional de Energia Elétrica (ANEEL),responsável por regular as atividades do setor elétrico brasileiro. Estas mudanças acarretaram em diferentes modelos de mercado caracterizados pelo acentuado uso dos sistemas de transmissão. Neste cenário, foi definido pela ANEEL que as concessionárias de distribuição devem pagar às transmissoras pela utilização de suas instalações o Encargo de Uso do Sistema de Transmissão (EUST). Para isso, é necessário informar o Montante de Uso do Sistema de Transmissão (MUST) para cada ponto de conexão e período tarifário por meio do Contrato de Uso do Sistema de Transmissão (CUST). Em caso de ultrapassagem dos valores firmados neste contrato acima de um percentual estipulado, a contratante terá que pagar uma penalidade. Esta dissertação tem por finalidade apresentar uma nova metodologia na determinação do valor ótimo do MUST, baseado em equivalentes estáticos flexíveis, fluxo de potência probabilístico e técnicas de otimização estocástica de modo a equilibrar o custo do transporte de energia e o custo da penalidade. Primeiro, utiliza-se uma técnica de redução de rede, flexível e precisa. Segundo, as incertezas provenientes das cargas, geração e topologia da rede são mapeadas nos pontos de conexão em análise. Terceiro, utiliza-se uma técnica simples de otimização estocástica para obter o MUST a ser contratado, pela distribuidora de energia elétrica, em cada barra de fronteira. Por último, a metodologia proposta é empregada no sistema acadêmico IEEE RTS com o objetivo de demonstrar a sua eficiência sendo os resultados obtidos amplamente discutidos.
In Brazil, during the 1990s, there was a predominance of vertical companies in the electricity sector, belonging to the state and federal governments, which in the course of the restructuring and privatization process suffered a deverticalization of their activities into generation, transmission, distribution, and commercialization. After the beginning of this privatization process, the National Electric Energy Agency (ANEEL) was created, which is responsible for regulating the activities of the Brazilian electricity sector. These changes have led to different market models characterized by the strong use of the transmission systems. In this scenario, it was defined by ANEEL that the distribution concessionaires must pay the transmission companies for the use of their equipment. Thus, it is necessary to inform the Transmission System Usage Amount (MUST) for each connection point and tariff period by means of the Transmission System Use Agreement (CUST). In case of exceeding a specified percentage of the contracted amounts, the contractor will have to pay penalties. This dissertation aims to present a new methodology to determine the optimal value of MUST, based on flexible static equivalents, probabilistic power flow, and stochastic optimization techniques, in order to balance the energy transport and penalty costs. First, a flexible and accurate network reduction technique is used. Second, the uncertainties arising from the load, generation, and topology of the network are mapped at the connection points under analysis. Third, a simple stochastic optimization technique is used to obtain the MUST to be contracted by the electric power distributor at each border bus. Finally, the proposed methodology is used in the IEEE RTS academic system in order to demonstrate its efficiency, and the obtained results are widely discussed.
Lai, Pai-Wei. "A Framework for Performance Optimization of TensorContraction Expressions." The Ohio State University, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=osu1408968185.
Full textZinoubi, Sana. "Exercices et entraînement en co-contractions isométriques volontaires des muscles agonistes- antagonistes : facteurs d'influence." Thesis, Paris 10, 2015. http://www.theses.fr/2015PA100187/document.
Full textThe aim of the present thesis was to study the effects and the influencing factors during the elbow joint maximal isometric voluntary co-contractions (MIVCC) exercises and training program: effect of the MIVCC training on the explosive force (Study A), influence of the time-of-day at which training was scheduled (Study B) and additional load during MIVCC (Study C). The results showed that six weeks of MIVCC training can simultaneously improve the maximum voluntary force, without altering the explosive force (Study A and B) and independently of the time-of-day at which training was scheduled (Study B). These improvements were accompanied by an increase in electromyography activity of agonist muscles (Study A and B). However, the results of study B suggest that morning training is accompanied by a higher strength improvement, by masking the strength differences between the morning and evening. Furthermore, the study C showed that additional load (50% MVF) associated with MIVCC modifies the activation pattern of the agonist-antagonist muscles: by increasing the activation level of the agonist muscles and decreasing the co-activation level of the antagonist muscles. Therefore, MIVCC training program with additional load should include exercises with load for flexor and extensor muscles. In addition, the results of the study C suggest that the concept of “flexor equivalent” may be applied not only when the flexor muscles acting as agonist but also when they acting as antagonist muscles
Kang, Di. "TWO ESSAYS ON NONBANK FINANCIAL INSTITUTIONS." UKnowledge, 2014. http://uknowledge.uky.edu/finance_etds/3.
Full textThoma, Louise M. "Muscle Co-Contraction, Joint Loading, and Fear of Movement in Individuals with Articular Cartilage Defects in the Knee." The Ohio State University, 2016. http://rave.ohiolink.edu/etdc/view?acc_num=osu1452114145.
Full textButt, Aamir S. "Finite element analysis of Y and YU type contraction joints for concrete pavements using steel dowels as load transfer devices." Ohio : Ohio University, 1991. http://www.ohiolink.edu/etd/view.cgi?ohiou1183654719.
Full textButt, Aamir S. "Finite element analysis of Y and YU type contraction joints for concrete pavements using steel dowels as load transfer devices." Ohio University / OhioLINK, 1990. http://rave.ohiolink.edu/etdc/view?acc_num=ohiou1183654719.
Full textBartkutė, Rasma. "Nenutrūkstamų izometrinių susitraukimų tikslumo ir stabilumo valdymo ypatumai." Master's thesis, Lithuanian Academic Libraries Network (LABT), 2010. http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2010~D_20100526_144319-97575.
Full textResearch aim was to establish the peculiarities of control of the accuracy and the stability of continuous isometric muscle contractions. Objectives: 1) to establish and compare effect of visual feedback on the accuracy, stability and muscle activity of continuous isometric contractions performed with different strength; 2) to establish and compare effect of learning on the dependence of accuracy and stability of a continuous isometric contraction on muscle potentiation. The subjects studied were healthy, physically active men (n = 8; age 20.0 ± 1.5 m, height 182.4 ± 6.5 cm; body mass 73.0 ± 5.7 kg, body mass index 22.0 ± 1.7 kg/m2 ( ±SD). In experiment 1, the subjects performed CIC at 20%, 50% and 70% force of MVC. The subjects performed two series of CIC – first with visual feedback information (VFI), second – without VFI. The duration of each series was 13 sec. In experiment 2, the subjects performed the same CIC at 20% force of MVC. The subjects after two series of CIC (first with VFI, second – without VFI), done potentiation load (PL), when they had to achieve maximal force and it maintain 10 sec. After 10 sec rest the subjects performed CIC without VFI. All the experiment was repeated after 9 training series. In training series, they were learning speeds – accuracy isometric contractions at 20% force of MVC. Absence of visual feedback information worsening in the accuracy of performing CIC at all forces of MVC. We have established that there is a significant... [to full text]
Wahlström, Jens. "Physical load, psychosocial and individual factors in visual display unit work /." Stockholm : Arbetslivsinstitutet, 2003. http://ebib.arbetslivsinstitutet.se/ah/2003/ah2003_10.pdf.
Full textBurg, Valentin. "Three essays on managerial behavioral biases." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2015. http://dx.doi.org/10.18452/17235.
Full textThis work analyses the impact of managerial optimism on financial policies of firms. The first part investigates the effect of optimism on debt contract design. Optimistic managers overestimate the credit quality of their firms and should be more likely to issue debt contracts that link coupon payments to the future credit risk of their firms (PSD contracts). This prediction is confirmed empirically. Further, firms with optimistic managers that issue PSD experience future deteriorations in their credit quality. The second part analyses the relation between managerial optimism and corporate speculation with financial derivatives. Optimistic managers overestimate their abilities and should be more likely to time markets because they believe that they have superior market timing abilities. The study uses data on North American gold producers because these firms disclose detailed data on their derivative positions and have a clear exposure to the gold price. The empirical results confirm the prediction that optimistic engage in more speculation with financial derivatives and that the cash flow resulting from speculation is lower relative to firms with rational managers. The last past analyses the relation between managerial optimism and a firm’s payout policy. As a consequence of their biased beliefs, optimistic managers perceive their firm’s equity as undervalued and should therefore be more likely to prefer share repurchases over cash dividends. The empirical analyses confirm this prediction: Firms with optimistic managers use more share repurchases relative to firms with rational managers. However, the total amount of payouts does not differ between firms with optimistic and rational managers.
Che-IKan and 甘哲禕. "Customer Satisfaction and Bank Loan Contracting." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/4q3vm5.
Full text國立成功大學
會計學系
104
This research examines whether customer satisfaction is related to bank loans, as measured by the loan spread. Prior articles find that higher customer satisfaction relates to greater financial performance, steadier future cash flow, and lower cost of debt financing. To test our hypotheses, this research employs the American Customer Satisfaction Index (ACSI) database during the period from 1994 to 2015. Furthermore, this paper controls some factors which are associated with bank loan contracting, such as loan and firm-specific characteristics. The results indicate that firms with higher customer satisfaction have lower bank loan spread, and thus a lower cost of debt. However, this association between customer satisfaction and bank loan spread is attenuated by the intensity of industry competition. The results also show that higher customer satisfaction is connected with a lower requirement for security and less financial and general covenants.
Nien-YiLee and 李念怡. "Cost Stickiness and Bank Loan Contracting." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/266e28.
Full text國立成功大學
會計學系
105
Motivated by recent literature regarding that firm’s asymmetric cost behavior brings to several economic effects. This paper offers the evidence that banks will take firm’s sticky costs into consideration when pricing bank loans. To be more specific, firms with stickier cost are charged at higher loan spreads. This finding is consistent with the argument that greater decrease in cash flows due to sticky costs (when sales decline) increases the downside distribution of profit streams, thereby resulting in higher default risk. The results also indicate that the impact of cost stickiness is weaker in situations where there is a positive growth prospect about a firm’s future. Since bank loan is a major source of corporate financing for publicly traded firms, the results have important implications on our understanding of the economic consequences of asymmetric behavior of costs.
Chen, Tzu-Wen, and 陳資雯. "Earnings Management and Bank Loan Contracting." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/70155613379720708533.
Full text國防大學管理學院
財務管理學系
101
Taiwanese banks have been flourishing in the growing global economy. Consequently, syndicated loans are becoming a vital bank service. In addition to generating profit, this service is a crucial factor when evaluating whether a bank has the capacity to develop internationally. Earnings management has been a popular topic in modern finance; investors perceive the earnings quality of firms as vital information. In this study, we focused on syndicated loan cases in Taiwan. We used 1,001 companies listed in Taiwan Stock Exchange as samples to examine the relationship between corporate earnings management and the conditions set forth in syndicated banking loans. The results of this study expand the knowledge regarding factors that influence how financial institutions employ certain terms in syndicated loan contracts and how they conditions for these contracts are determined.
Jhang, Yi-Hao, and 張翊毫. "Disclosure quality and loan contracting: Evidence from East Asian syndicated loan markets." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/395fkg.
Full text國立政治大學
會計學系
107
In this paper, I examine whether and how a firm’s disclosure quality of financial statements is associated with the terms of loan contracts. Following the parsimonious disclosure quality measure (DQ) constructed by Chen, Miao, and Shevlin (2015) which captures the disaggregation level of accounting line items, I find that banks provide higher spreads and more stringent non-price terms to firms with lower DQ. Moreover, I examine the effect of DQ on legal traditions of common law and civil law, I find that firms providing less disaggregated financial statements receive unfavorable loan spreads in countries of civil law origins. Additional analyses reveal that borrowers with low DQ receive unfavorable loan spreads, smaller loan amounts, and shorter maturities when foreign banks are involved in lending. Besides, I find that the size of syndicate becomes larger when lending to borrowers with lower DQ. To conclude, my findings suggest that the incremental information in DQ is valuable to banks in determining loan contract terms.
Wu, Tzu-Yun, and 吳芷昀. "Stock Price Crash Risk and Bank Loan Contracting." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/k8cebs.
Full text國立中央大學
財務金融學系
107
This paper intends to examine the association between company’s stock price crash risk and bank loan contracting. Precedent research discusses the relationship between company’s financial data, such as company’s size and profitability, and bank loan contracting. However, there is no discussion about the relationship between firms’ stock price crash risk and loan conditions. Thus, by collecting data from Compustat, DealScan and CRSP from 1994 to 2013, we use three measures capturing company’s stock price crash risk and four features capturing all aspects of loan contracting. We find out (1) company with higher stock price crash risk only make bank loan with shorter maturity. (2) the effect of company’s stock price crash risk on the contractual terms of loans does not significantly be affected when this company has prior lending relationships with the lead banks than when it has no such prior lending relationship. (3) the effect of company’s stock price crash risk on the loan maturity is more pronounced when the company is from low concentrated industry.
Cheng, Han-Wen, and 鄭涵文. "The Associations between Accounting Standard Relevance and Loan Contracting-Evidences from U.S. Syndicated Loan Market." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/qw4s9t.
Full text國立東華大學
會計與財務碩士學位學程
105
This study examines the associations between accounting standard relevance and loan contractual terms (interest rate, financial covenants, and collateral). Utilizing the sample from U.S. syndicated loan market during years 1990 to 2005, empirical results indicate that the extent of accounting standard relevance is positively associated with loan spreads, and negatively associated with the use of accounting-based financial covenants. My findings imply that the accounting standard relevance reduces the role of contractibility of financial statement and provide policy implication for regulators, in particular FASB and IASB.
Li, Sheng-Sian, and 李勝賢. "The Associations between Modified Audit Opinion and Bank Loan Contracting." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/93926871442319744441.
Full text國立東華大學
會計與財務碩士學位學程
104
This study is to examine whether audit opinions provide information for lenders to design loan contractual terms. First, using loan contracts issued by Taiwan listed firms during years 2000 to 2009, we find that, compared with loans issued in the year after a unqualified opinion, loans issued in the year after modified audit opinions (MAOs) are related to higher interest tares, more financial covenants, and a higher likelihood of requiring collateral. Second, when restricting loans issued in the year after a MAO, we find that loans issued after MAOs with “emphasis of matter” or MAOs with multiple reasons in the explanatory language are unrelated to loan spreads, financial covenants or collateral. In sum, our results suggest that modified audit opinions contain limited information related to borrowers’ credit quality.
Lin, Meng-De, and 林孟德. "The Associations between Accounting Standard Reliability and Bank Loan Contracting." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/52362270562287520442.
Full text國立東華大學
會計與財務碩士學位學程
103
This study aims to examine the associations between loan contractual terms and accounting “reliability”. Our sample consists of bank loan contracts issued by U.S. listed firms during years 2000 to 2007. The empirical results indicate that banks use less accounting-based financial covenants and increase collateral when accounting standards decrease “reliability”. Our results imply that the necessity for reliable accounting from the viewpoint of contracting role and should be of interest to standard-setters and policy makers.
Sie, Meng-Chen, and 謝孟宸. "The Effects of Bank Loan Contracting on IFRS Reconciliations: Evidences from Taiwan." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/j9eevk.
Full text國立東華大學
會計與財務碩士學位學程
105
The purpose of this study is to examine whether a one-time and first-time transition to a new accounting standard, International Financial Reporting Standards (IFRS) is the scope for company that involve in financing from bank debt to change the accounting method for a favorable reporting to respond its provision of bank debt contracts. This paper hypothesizes that company with higher magnitude of deal amount on bank debt or bank debt includes covenants will have a greater incentive through accounting policy change for a favorable reporting number in order to comply with the debt covenants. In this paper utilizes three covenants: (1) financial covenant (2) performance pricing provision (3) requirement of providing collateral to measure whether these covenants will affect company through the flexibility under first-time adoption of IFRS to engage in choosing a favorable accounting policy which result in a positive reconciliation. The main testing sample is from Taiwan listed firms with bank debt contract, the financial data come from TEJ database, and bank debt data is stem from Dealscan database. The findings in this paper show that the magnitude of deal amount and bank debt contract with financial covenant will affect company to involve in choosing a favorable accounting policy which results in a positive reconciliation to increase the reporting number in order to comply with the bank debt contract. Keywords:
Yang, Ting-Yun, and 楊庭昀. "The Association between Supply Chain Auditors and Private Loan Contracting: Evidence from Taiwan." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/9jngta.
Full text國立東華大學
會計與財務碩士學位學程
106
The study examines the association between auditors’ supply chain knowledge and loan contractual terms. Using the sample from Taiwan listed firms during years 2000 to 2010. The empirical findings indicate that, first, auditors’ supply chain knowledge do not effect interest spreads and the usage of financial covenants. Second, compared to auditors without supply chain knowledge, auditors’ supply chain knowledge leads to collateral requirements and shorter maturity. Third, if the auditor quality of supply chain auditor is proxied by the partner level, results are mostly remain the same, except for maturity. Overall, these findings imply that auditors’ supply chain knowledge significant influence non-price terms of syndicated loans.
Li, Chia-Hsin, and 黎佳欣. "The Association between Fair Value Conservatism and Private Loan Contracting: Evidence from Taiwan." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/k76pjp.
Full text國立東華大學
會計與財務碩士學位學程
106
The objective of this paper is to investigate whether fair value conservatism measurements affect loan contractual terms (spreads, financial covenants, collateral and maturity). Existing literature suggests that firms holding higher proportions of financial instruments measured at Level 2 and Level 3 fair value report more conditionally conservative accounting numbers(Badia, Duro, Penalva, and Ryan 2017; Black, Chen, and Cussatt 2017). Based on a sample of loan contracts issued by Taiwan listed firms, empirical results show that the extent of fair value conservative accounting numbers measured at Level 2 and Level 3 are negatively associated with loan spreads. Besides, the extent of fair value conservatism has no impact on the usage of financial covenants, the assignment of collateral and the length of loan maturity.
Tsai, Chin-Ling, and 蔡金陵. "Effectiveness Assessment for the Best Contracting Capacity of Power Load." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/74147906855650268244.
Full textBosch, Oliver. "Essays on financial economics : the role of information asymmetry in dept contracting ; evidence from syndicated loans /." 2007. http://www.gbv.de/dms/zbw/558853692.pdf.
Full textLiu, Chen. "THREE ESSAYS IN CORPORATE FINANCE AND FINANCIAL INSTITUTIONS." Thesis, 2014. http://hdl.handle.net/1974/12239.
Full textThesis (Ph.D, Management) -- Queen's University, 2014-06-24 08:59:00.0