Showing 1 - 10 of 27
a measure of total wealth is above a certain threshold. In particular, a too large initial debt makes financial …
Persistent link: https://www.econbiz.de/10010933802
stabilizing public debt. A public sector of pollution abatement is financed by taxation and by issuing public debt. Considering a … debt-output ratio. …
Persistent link: https://www.econbiz.de/10010933863
This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … 2006. By using the generalized method of moments (GMM), we show that the debt affects negatively the profitability, not …
Persistent link: https://www.econbiz.de/10010755513
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no …
Persistent link: https://www.econbiz.de/10010899356
Dans cet article, nous étudions empiriquement les déterminants des spreads des obligations souveraines des pays de l'UE vis-à-vis de l'Allemagne entre 2003-2010. Nous abordons deux questions principales. Tout d'abord, nous examinons quelle proportion de la variation des spreads s'explique par...
Persistent link: https://www.econbiz.de/10011026171
proportion of debt financed firms in the industry. By introducing an additionnal upstream stage to the game, we then examine how … debt financing impacts on incentives to merge with competitors. We demonstrate that a merger involving leveraged firms …
Persistent link: https://www.econbiz.de/10010821178
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no …
Persistent link: https://www.econbiz.de/10010821293
We introduce public debt in a Ramsey model with heterogenous agents and a public spending externality affecting utility … which is financed by income tax and public debt. We show that public debt considered as a fixed portion of GDP can have a … the elasticity of capital labor substitution is low enough, public debt can only be destabilizing, generating damped or …
Persistent link: https://www.econbiz.de/10010933819
Some recent evidence on government finance statistics of European countries suggests that countries with public debt … debt is constrained by the stock of capital, the collaterals are based on GDP. The balanced growth path and the …
Persistent link: https://www.econbiz.de/10010933922
Imposing some constraints on public debt is often justified regarding sustainability and stability issues. This is … especially the case when the ratio of public debt over GDP is restricted to be constant. Using a Ramsey model, we show that such …. Indeed, through the intertemporal budget constraint of the government, income taxation negatively depends on future debt, i …
Persistent link: https://www.econbiz.de/10010933928