Similar Search Results

How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia

Driffield, Nigel; Mahambare, Vidya; Pal, Sarmistha - EconWPA - 2005

Despite the seminal work of Claessens et al. (2002), who highlighted the role of ownership structure on firm performance in East Asia, the relationship between capital structure and ownership remains much unexplored. This is important, given recent empirical and theoretical work linking capital...

Persistent link: https://www.econbiz.de/10005076974

How Ownership Structure Affects Capital Structure and Firm Performance? Recent Evidence from East Asia

Driffield, Nigel; Mahambare, Vidya; Pal, Sarmistha - EconWPA - 2005

Despite the seminal work of Claessens et al. (2002), role of ownership structure on capital structure and firm performance in East Asian corporattions remains much unexplored. Within the framework of Bajaj et al. (1998), the present paper empirically examines the effects of a controlling manager...

Persistent link: https://www.econbiz.de/10005076997

Adjustment of the WACC with Subsidized Debt in the Presence of Corporate Taxes: the N-Period Case

Velez-Pareja, Ignacio; Tham, Joseph; Fernandez, Viviana - EconWPA - 2005

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

Corporate Governance Mechanisms and Firm Financing in India

Kumar, Jayesh - EconWPA - 2005

This study investigates the firm financing patterns in India and the role of corporate governance mechanisms. We use firm-level time series data of nearly 2000 listed companies from 1994 through 2000, to analyze the firm’s corporate financing behavior in connection with its corporate...

Persistent link: https://www.econbiz.de/10005134838

Inflation and Capital Structure

Noguera, Jose - EconWPA - 2001

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

The dynamics of capital structure in transition economies

Nivorozhkin, Eugene - EconWPA - 2003

This paper uses a dynamic unrestricted capital structure model to examine the determinants of the private companies’ 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’...

Persistent link: https://www.econbiz.de/10005412747

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 important because both these enterprises have been under-researched and research in the area has been troubled by samples biased towards very large enterprises. Results support...

Persistent link: https://www.econbiz.de/10005561667

Imperfect Market or Imperfect Theory: A Unified Analytical Theory of Production and Capital Structure of Firms

Chen, Jing - EconWPA - 2005

We present a unified analytical theory of production and capital structure of firms. It is extended from an analytical … theory of production, whose main result is an analytical formula of variable cost of production as a function of fixed cost … and uncertainty. Problems on capital structure can be naturally incorporated into the theory on production from a simple …

Persistent link: https://www.econbiz.de/10005561680

Does Ownership Structure Influence Firm Value? Evidence from India

Kumar, Jayesh - EconWPA - 2004

This paper examines the effect of ownership structure on the firm performance for an unbalanced panel of 2478 Indian corporate firms from 1994 to 2000. We examine the effect of interactions between corporate, foreign, institutional, and managerial ownership on firm performance. Using panel data...

Persistent link: https://www.econbiz.de/10005134786

A Dynamic General Equilibrium Framework of Investment with Financing Constraint

Yuen, Chi-wa; Xie, Danyang - EconWPA - 2002

In this paper, we provide a dynamic general equilibrium framework with an explicit investment-financing constraint. The constraint is intended as a reduced form to capture the balance sheet effects that have been widely regarded as an important determinant of financial crises. We derive a link...

Persistent link: https://www.econbiz.de/10005076703

1
2
3
4
5
6
7
8
9
10
Next
Last