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Weighed down by debt? Revisiting the link between corporate debt overhang and investment

BankUnderground

Bruno Albuquerque. I find that persistent debt booms led financially constrained firms to cut back on investment, across both capital expenditures and intangible assets. Vulnerable firms tend to have weaker fundamentals, face high corporate financing costs, have lower ICRs , and invest less ( Albuquerque (2021) ). Main results.

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Medicare Advantage Change Could Lead To Payments Opportunities

PYMNTS

In May, the company accounted a $50 million Series C funding round led by Naspers Ventures, with existing investors Thrive Capital and Andreessen Horowitz also taking part. The company will use that fresh capital in large part to fund expansion of its caregiver network. That round brought the company’s total funding to $115 million.