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The Venture capital (VC) industry in India is of recent origin. However, the average investment value of each deal in … India have grown from $3.85 million in 2000 to $7.89 million in 2001.These developments together with the recent steps taken … by government to promote venture capitalism in India provide an opportunity for an examination of venture capital …
Persistent link: https://www.econbiz.de/10005134795
Past researches have revealed significant abnormal returns for bonus issues even though the bonus issue date is known in advance and the distribution contains no new information. This study examines the stock price reaction to the information content of bonus issues with a view of examining the...
Persistent link: https://www.econbiz.de/10005134827
This essay is a contribution to the empirical literature on the effect of inflation tax on capital structure. A simple empirical model considering the main results of the current theoretical development is studied, using microdata from a number of American corporations.
Persistent link: https://www.econbiz.de/10005134880
set of factors. The panel data methodology combines cross-section and time-series information. The results indicate that …
Persistent link: https://www.econbiz.de/10005412747
This study investigates the firm financing patterns in India and the role of corporate governance mechanisms. We use … ownership of directors and corporate with the firm financing in India. Overall, the findings presented in the paper provide … evidence of definite role of corporate governance mechanisms in firm’s financing decisions in India. …
Persistent link: https://www.econbiz.de/10005134838
investor panel. The respondents indicate that they want dividends partly because the cost of cashing in dividends is lower than …
Persistent link: https://www.econbiz.de/10005076991
This paper investigates the association between the corporate governance and the dividends payout policy for a panel of …
Persistent link: https://www.econbiz.de/10005413214
Technology transfer agreements between universities and industrial companies usually involve royalties, sublicensing considerations and allocation of equity. This article extends the analysis of my previous one ("The Economic Sense of Royalty Rates", ewp-fin/970903)to deal with sublicensing...
Persistent link: https://www.econbiz.de/10005076945
Academic institutions, involved in technology transfer to industry, are always concerned about the "fairness" of the royalty rate payable to them. The common method used by practitioners is the "Industry-Standard Approach" which is based mainly on past experience. However such approach is very...
Persistent link: https://www.econbiz.de/10005134686
In the Weighted Average Cost of Capital (WACC) applied to the free cash flow (FCF), we assume that the cost of debt is the market, unsubsidized rate. With debt at the market rate and perfect capital markets, debt only creates value in the presence of taxes through the tax shield. In some cases,...
Persistent link: https://www.econbiz.de/10005134868