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Timing of Earnings and Capital Structure
Miglo, Anton - Volkswirtschaftliche Fakultät, … - 2014
signalling theory point of view. The paper also contributes to the analysis of the link between debt-equity choice and subsequent …
Persistent link: https://www.econbiz.de/10011111034
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A Reinterpretation of the Relation between Market-to-book ratio and Corporate Borrowing
Majumdar, Raju - Volkswirtschaftliche Fakultät, … - 2013
This paper develops an alternative interpretation of the observed inverse relation between market-to-book ratio and long term indebtedness based on the market timing theory of capital structure and provides empirical evidence to substantiate the same. Our findings suggest that in the presence of...
Persistent link: https://www.econbiz.de/10011111610
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Education and Wage Inequality in Portugal
Budria, Santiago; Nunes, Celso - Volkswirtschaftliche Fakultät, … - 2005
This article summarises the recent literature on the relationship between inequality in wages and education for Portugal. The main conclusions are the following. First, Portu-gal is one of the OECD countries with lowest educational level. At the same time, re-turns to education are large, and...
Persistent link: https://www.econbiz.de/10005837544
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The Pecking Order, Trade-off, Signaling, and Market-Timing Theories of Capital Structure: a Review
Miglo, Anton - Volkswirtschaftliche Fakultät, … - 2010
This paper surveys 4 major capital structure theories: trade-off, pecking order, signaling and market timing. For each …
Persistent link: https://www.econbiz.de/10011109227
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Multi-stage investment, long-term asymmetric information and equity issues
Miglo, Anton - Volkswirtschaftliche Fakultät, … - 2012
information is short-term, equilibria are consistent with signalling theory and pecking-order theory. When private information is …
Persistent link: https://www.econbiz.de/10011110472
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On the spike in hazard rates at unemployment benefit expiration: The signalling hypothesis revisited
Decreuse, Bruno; Kazbakova, Elvira - Volkswirtschaftliche Fakultät, … - 2008
We revisit the signalling hypothesis, whereby potential employers use the duration of unemployment as a signal as to …
Persistent link: https://www.econbiz.de/10005789480
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The Lame Drain
Dong, Baomin; Fu, Shihe; Gong, Jiong; Fan, Hanwen - Volkswirtschaftliche Fakultät, … - 2014
This paper develops a signaling theory where brain drain as well as the opposite of brain drain, a phenomenon we call “lame-drain” can result. In particular, we assume there are three types of agents according to their intrinsic abilities; education (with endogenous intensity) consists of...
Persistent link: https://www.econbiz.de/10011257749
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Investigating the impact of global financial crisis on indian economy in an aggregate demand framework
Rajesh, Raj; Bordoloi, Sanjib - Volkswirtschaftliche Fakultät, … - 2012
remains the key driver of India’s GDP growth. Our analysis establishes that though India’s trade sector dwindled and …
Persistent link: https://www.econbiz.de/10011258706
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India’s Trade and Gravity Model: A Static and Dynamic Panel Data
Tripathi, Sabyasachi; Leitão, Nuno Carlos - Volkswirtschaftliche Fakultät, … - 2013
This paper examines the India’s trade flows using a gravity model for the period 1998-2012. We selected the following … major trade partners: China PRP, United Arab Emirates, United States, Saudi Arab, Switzerland, Singapore, Germany, Hong Kong … positive influence in bilateral trade. We also introduce economic size and common border these proxies confirming a positive …
Persistent link: https://www.econbiz.de/10011259045
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The choice of domestic policies in a globalized economy: Extended Version
Fischer, Justina A.V. - Volkswirtschaftliche Fakultät, … - 2012
This paper describes the socio-economic adjustment effects exerted by globalization (taking as starting points competitive pressure, sectoral shifts, and financial market contagion) and discusses their relevance for domestic policy-making. I argue that these economic pressures and the resulting...
Persistent link: https://www.econbiz.de/10011259135