Browsing by Author "Preve, Lorenzo"
Now showing items 1-9 of 9
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Asymmetry and the cost of capital.
Sarria Allende, Virginia; García Sánchez, Javier; Preve, Lorenzo (2nd World Finance Conference, Rhodes., 2011)The expected cost of capital is a crucial component for most of the topics in corporate finance. Unfortunately in the presence of risky debt, it is systematically overestimated. This bias is increasing in leverage and the ... -
An empirical analysis of the effect of financial distress on trade credit
Preve, Lorenzo (Financial Management Association Annual Meeting, Denver., 2003)This paper studies the use of supplier's trade credit by firms in financial distress. Trade credit represents a large portion of firms’ short-term financing and plays an important role in financial distress. We find that ... -
Managing Talent Risk
Preve, Lorenzo; Hatum, Andres (Managing Talent Risk, Journal Harvard Deusto Vol 4, No 1 (2015), 2015)Talent Management is one of the most exciting topics in Management, and coincidentally, the same can be said about Risk Management. Additionally, it is worth mentioning that one of the most interesting features of Risk ... -
Theory and practice of corporate finance: Evidence and distinctive features in Latin America
Preve, Lorenzo; Sarria Allende, Virginia; Maquieira, Carlos (Emerging Markets Review, 2011)We survey 290 LATAM firms on capital budgeting, cost of capital and capital structure issues. We analyze the results and compare them to those of other studies. We interpret differences according to special features ... -
Trade credit and bank credit: Evidence from recent financial crises
Preve, Lorenzo; Inessa, Love; Sarria-Allende, Virginia ("Financial Market Development and emerging and transition economies. Hyderabad, India. ", 2003)This paper studies the effect of financial crises on trade credit for a sample of 890 firms in six emerging economies. Although the provision of trade credit increases right after a crisis, it contracts in the following ... -
Trade Receivables Policy of Distressed Firms and its Effect on the Cost of Financial Distress
Preve, Lorenzo; Molina, Carlos (Financial Management, 2009)This paper studies the trade receivables policy of distressed firms as the trade-off between the firm's willingness to gain sales and the firm's need for cash. We find that firms increase trade receivables when they have ... -
Valuation in Emerging Markets: A Simulation Approach
García Sánchez, Javier; Preve, Lorenzo; Sarria Allende, Virginia (Morgan Stanley, 2010-04)Most of the foundations of valuation theory have been designed for use in developed markets. Because of the greater, and in some cases different, risks associated with emerging markets (although recent experience might ... -
Working Capital Management: An Exploratory Study
Preve, Lorenzo (Journal of Applied Finance, 2012)Working capital management is an issue in which finance research is scarce. One possible reason behind this fact might relate to the relative ease with which efficient financial markets correct deviations from optimal ... -
Working Capital Management: An Exploratory Study
Sarria Allende, Virginia; Preve, Lorenzo; Ettienot, Hernan (Journal of Applied Finance, 2012)Working capital management is an issue in which finance research is scarce. One possible reason behind this fact might relate to the relative ease with which efficient financial markets correct deviations from optimal ...