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DETERMINANTS OF THE FIRM’S CAPITAL STRUCTURE - THE CASE OF THE VERY SMALL ENTERPRISES
BARBOSA, EVALDO GUIMARÃES; MORAES, CRISTIANA DE CASTRO - EconWPA - 2003
This paper seeks empirically to identify the determinants of the very small firms’ financial leverage. This is … leverage. Additionally, there is support for a hypothesized relationship with industry but not with enterprise age. To achieve … a wider understanding of these relationships, financial leverage is studied in combination with own working capital. …
Persistent link: https://www.econbiz.de/10005561667
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The dynamics of capital structure in transition economies
Nivorozhkin, Eugene - EconWPA - 2003
’ target financial leverage and the speed of adjustment to it in two transition economies, the Czech Republic and Bulgaria. We … explicitly model the adjustment of companies’ leverage to a target leverage, and this target leverage is itself explained by a … under investigation. Bulgarian companies adjusted much faster to the target leverage than Czech firms. The speed of …
Persistent link: https://www.econbiz.de/10005412747
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Why Companies Go Private in Emerging Markets? Evidence from Poland
Kowalewski, Oskar; Jackowicz, Krzysztof - EconWPA - 2005
In recent years the number of going private transactions has sharply increased in emerging markets. The purpose of this study is to establish the financial characteristics of companies that have gone private using a dataset comprising of Polish companies. We use a probit model to distinguish the...
Persistent link: https://www.econbiz.de/10005077039
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Does Financial Structure Matter?
Arestis, Philip; Luintel, Ambika D.; Luintel, Kul B. - EconWPA - 2004
We address the issue of whether financial structure influences economic growth. Three competing views of financial structure exist in the literature: the bank-based, the market-based and the financial services view. Recent empirical studies examine their relevance by utilizing panel and...
Persistent link: https://www.econbiz.de/10005561594
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Les comptes du canal de Suez : analyse d'un investissement pharaonique (1859-1869)
HAURET, Christian PRAT dit - EconWPA - 2005
The research topic is analysing financial statements of Suez Channel Company from the construction beginning to the end (1859-1869)
Persistent link: https://www.econbiz.de/10005125837
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An Econometric Model of a Firm’s Financial Statements
Medeiros, Otavio De - EconWPA - 2005
This paper reports the construction and testing of an econometric model designed to represent a firm’s financial statements. More specifically, the paper aims at showing how a firm’s financial statements can be empirically explained by means of a simultaneous equations structural model...
Persistent link: https://www.econbiz.de/10005134717
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Translation of Financial Statements
Simas, Dalthan; Medeiros, Otavio De - EconWPA - 2005
This paper has the purpose of surveying and critically analyzing the effects of accounting procedures which are closely related to groups of companies operating multinationally. These are the methods for translation of financial statements, e.g. the Temporal and the Closing- rate Methods, as far...
Persistent link: https://www.econbiz.de/10005134949
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THE QUANTITY THEORY OF MONEY AND FINANCIAL ACCOUNTING
Salvary, Stanley C. W. - EconWPA - 2004
The Quantity Theory of Money is implicitly embedded in the arguments for price level adjusted financial statements - inflation accounting. Historically, the instability of commodity prices, which is due to changes in relative prices, is considered by one school of economic thought (monetarism)...
Persistent link: https://www.econbiz.de/10005412593
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ACCOUNTING IN CONTEXT OF COMMUNICATION, LANGUAGE, AND INFORMATION
Salvary, Stanley C. W. - EconWPA - 2005
Accounting at various times has been referred to as a communication process, a language, and a conveyor of information. Given this condition, an analysis of accounting in terms of the theories relating to those references would enable an understanding of: (1) how well the parts of accounting...
Persistent link: https://www.econbiz.de/10005561746
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Optimal Asian Multi-Currency Strategy Portfolios with Exact Risk Attribution
LOS, CORNELIS A. - EconWPA - 2004
In an earlier paper (Los, 1998a), the exact and complete return attribution framework of Singer and Karnosky (1995) was extended to include market risk measurements for n countries. Exploiting a selection matrix based on the cash accounting identities, the resulting degenerate portfolio choice...
Persistent link: https://www.econbiz.de/10005125061