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of the acquirer. Firms' debt and profitability ratios do not explain the target size.  …
Persistent link: https://www.econbiz.de/10010790710
Using an econometric framework, we examine the nature of relation between Tobin's Q and family shareholding in India. While there is no obvious causality laid down by theoretical literature, empirical evidences show a wide range of findings. In the present work, by controlling for a host of...
Persistent link: https://www.econbiz.de/10010790716
This work examines the leverage ratios of firms covered by the 1998 SSBF Survey. We find that small firms in general … industry medians, and also that firms with a closer primary banking relationship adhere more closely to industry norms. Counter …
Persistent link: https://www.econbiz.de/10010790617
firm’s most important source of financial services, its primary bank. The author employs a two-step Heckman procedure to … prevails, though empirical support is evident in primary banks providing more favorable credit conditions for riskier firms. …
Persistent link: https://www.econbiz.de/10010790624
channels on the performance of Chinese small and medium sized high-tech enterprises. We find that small firms in China rely … financing is negatively related to the firm performance measured by operating revenues. In contrast, firms with foreign … bring in, the firm with foreign financing will have higher probability to incur loss compared to firms financed by other …
Persistent link: https://www.econbiz.de/10010790714
of firms attributable to different types of managers. We hypothesize that the investment, financing and dividend … younger, faster growing firms, a condition we label the life cycle effect. Our findings are that both effects are at work, but …
Persistent link: https://www.econbiz.de/10010790642
There is now extensive evidence on short-term performance improvements in buy-outs, but little relating to the longer-term. This paper examines the relatively neglected area of the longevity and longer-term effects of smaller buy-outs. In terms of longevity, the evidence presented shows that the...
Persistent link: https://www.econbiz.de/10010790670
In planning for succession of ownership, oftentimes the owner of a private business seeks to sell the business to either family members or employees. Arranging outside financing may be difficult or costly, making internal financing attractive. Self-cancelling installment notes (SCINs) provide an...
Persistent link: https://www.econbiz.de/10010790687
which differs substantially from proportional shareholdings of investors. This problem is particularly acute in small firms …The one-share, one-vote rule applicable to the governance of most business firms provides for proportional voting power …
Persistent link: https://www.econbiz.de/10010790719
lending strategy facilitates greater firm performance than individual lending--due partially to the increased social capital …
Persistent link: https://www.econbiz.de/10010790619