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Interrelationship between taxes, capital structure decisions and value of the firm: A panel data study on Indian manufacturing firms
Sinha, Pankaj; Bansal, Vishakha - Volkswirtschaftliche Fakultät, … - 2014
undertaken in this study is able to capture the tax effects of debt. It shows clearly that companies consider partial …Since the development of efficient proxies for taxes, many researchers have proved the existence of impact of tax on … study the tax implications of financing decisions on the firm’s value. In this study an attempt is made to study the …
Persistent link: https://www.econbiz.de/10011109655
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Leverage and Employee Death: Evidence from China’s Coalmining Industry
Nie, Huihua; Zhao, Huainan - Volkswirtschaftliche Fakultät, … - 2013
firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a … 3% increase in the number of death tolls. It suggests that reducing leverage in coalmining firms can be an effective way …
Persistent link: https://www.econbiz.de/10011260832
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Corporate Ownership: Some International Evidence
Alves, Paulo - Volkswirtschaftliche Fakultät, … - 2010
In this research we evaluate how corporate ownership around the world is defined and which variables, related to a firm’s characteristics and the countries’ infrastructures, influences this. We find that there are a small number of countries where firms present a lower percentage of block...
Persistent link: https://www.econbiz.de/10011258997
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Regulatory capital determination and Its implications for internal ratings-based credit risk model development and validation
Cao, Honggao - Volkswirtschaftliche Fakultät, … - 2012
Focusing on the interconnections between the Basel regulatory capital formula and several well-specified statistical models, this working paper seeks to understand some of the important issues embedded in the Basel Accord. These include: Where does this formula come from? What risks does it try...
Persistent link: https://www.econbiz.de/10011260179
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Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China
Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290
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Ownership Structure and Corporate Control in Bulgaria
Tchipev, Plamen D - Volkswirtschaftliche Fakultät, … - 2001
The paper presents the actual ownership structure of public companies in Bulgaria on the basis of a survey of 104 of the companies traded on the Bulgarian Stock Exchange. It discusses as well the problems of disclosure of ownership information, focusing on the transposition of the EC Large...
Persistent link: https://www.econbiz.de/10011260600
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The King Reports, Independent Non-Executive Directors and Firm Valuation on the Johannesburg Stock Exchange
Ntim, Collins G. - Volkswirtschaftliche Fakultät, … - 2011
South Africa (SA) has pursued corporate governance reforms in the form of the 1994 and 2002 King Reports. This paper examines the association between the presence of independent non-executive directors (INEDs) and market valuation of a sample of 169 firms listed on the Johannesburg Stock...
Persistent link: https://www.econbiz.de/10011260623
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How Bank Managers Anticipate Non-Performing Loans. Evidence from Europe, US, Asia and Africa
Ozili, PK - Volkswirtschaftliche Fakultät, … - 2015
This study extends the literature on the determinants of NPL. I investigate whether banks anticipate non-performing loans by making balance sheet adjustments. This study draws insights into the actions taken by credit risk management teams and bank managers to minimize the size of non-performing...
Persistent link: https://www.econbiz.de/10011261765
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Regulations, competition and bank risk-taking in transition countries
Agoraki, Maria-Eleni; Delis, Manthos D; Pasiouras, Fotios - Volkswirtschaftliche Fakultät, … - 2009
This study investigates whether regulations have an independent effect on bank risk-taking or whether their effect is channeled through the market power possessed by banks. Given a well-established set of theoretical priors, the regulations considered are capital requirements, restrictions on...
Persistent link: https://www.econbiz.de/10005087503
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Financial Engineering and Engineering of Financial Regulation
Coskun, Yener - Volkswirtschaftliche Fakultät, … - 2011
As observed at least in last two decades, financial engineering has not only changed the way of doing business in finance world, but also has changed daily life of average citizens in the leading economies. Structured products named as weapons of mass destruction in some post-crisis comments....
Persistent link: https://www.econbiz.de/10009372629