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Superfund liabilities and governmental reporting entities: an empirical analysis

Article Abstract:

The Superfund liabilities of municipalities remain controllable despite threat to municipal financial resources. The environmental responsibilities of municipalities in taking care of environmental wastes and landfills are adequately being attended based on their environmental disclosures. Analysis shows that the municipalities' disclosures, however, vary with some containing inadequate information, especially on aspect related to municipal share of cleanup costs.

Accounting Methods, Administration of Air and Water Resource and Solid Waste Management Programs, Environmental Programs, Standards, Analysis, Accounting, Environmental aspects, Liability for environmental damages, Environmental policy, Environmental economics, Environmental auditing, Municipal government

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Further evidence on the determinants of secured versus unsecured loans

Article Abstract:

A study that investigates the determinants of secured versus unsecured loan financing reveals that companies with higher growth options in their investment opportunity set larger amount of financing and greater asset riskiness and are more inclined to use secured than unsecured debts. Firms in the financial industry are more likely to have unsecured debt financing as they have high asset specificity.

Financial Services, Finance and Insurance, Mortgage and Nonmortgage Loan Brokers, Consumer Mortgage Loans, Financial services industry, Mortgages, Loans

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Restructuring and firm value: The effects of profitability and restructuring purpose

Article Abstract:

The effects of profitability and restructuring purpose with regard to restructuring and firm value, are discussed.

Finance, Corporate reorganizations

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