Browsing NHH Brage by Subject "debt"
Now showing items 1-3 of 3
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Do thin-capitalization rules affect capital structure decisons? : evidence from Norwegian multinationals.
(Master thesis, 2015)This thesis studies the effects of thin-capitalization rules on the level and the tax rate sensitivity of internal and total debt in foreign affiliates of Norwegian multinationals. In response to multinationals’ enhanced ... -
Strategic defaults and priority violations under costly state verification
(Discussion paper, Working paper, 2002-06)We reformulate the classic CSV model of financial contracting from Townsend (1979) and Gale & Hellwig (1985) to tackle criticisms raised against it, such as lack of subgame-perfectness at the repayment stage and its inability ... -
The zero leverage mystery : an empirical study of Norwegian firms
(Master thesis, 2013)The objective of this thesis is to document the puzzling evidence of Norwegian firms, both public and private, following a zero leverage policy. We have examined accounting data for all Norwegian firms in the period from ...