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Persistent link: https://www.econbiz.de/10012372913
Larger firms (by sales or employment) have higher leverage. This pattern is explained using a model in which firms … higher leverage. A lower risk-free rate benefits bigger firms more as they are able to lever more and existing firms buy more …
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This paper explores how the structure of EU non-financial corporation's in terms of size and activity specialisation can influence their financing mix and, particularly, the use of capital markets as a source of funding.Significant differences in the structure and size of firms are observed...
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, higher debt ratio contributes to higher investment threshold and higher real option value, confirming that financial leverage …
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Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics, and R&D slows down. In the absence of financial...
Persistent link: https://www.econbiz.de/10010249680
The purpose of this study is to investigate the association between market power and capital structure. This study will further provide a logical explanation towards the factors affecting capital structure. This study analysed 176 non-financial Pakistani companies listed on Karachi Stock...
Persistent link: https://www.econbiz.de/10010492414
change in the value of beta due to alternative leverage levels or other risk factors will alter the cost of capital …
Persistent link: https://www.econbiz.de/10012520552
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