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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

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

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

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

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

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

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

Financial development, International Trade and welfare

Blanchard, Michel; Peltrault, Frederic - Volkswirtschaftliche Fakultät, … - 2009

Differences between domestic financial systems can lead to international trade. A country with relatively developed or … systems will export traditional commodities. Trade is always welfare improving before the resolution of uncertainty but the … country with the more risk averse financial system and the world as a whole can be worse off with trade after the resolution …

Persistent link: https://www.econbiz.de/10004980410

Energy Consumption, Trade and GDP: A Case Study of South Asian Countries

Shakeel, Muhammad; Iqbal, Mazhar; Majeed, Muhammad Tariq - Volkswirtschaftliche Fakultät, … - 2013

dynamic linkages between energy consumption, trade and GDP. The results show that, in the short run, feedback relationship … energy and GDP holds in the short as well as in the long run. The feedback relationship between trade and energy consumption … suggests that any shortage of energy supply will lessen the trade and this reductions in trade will lessen the benefits of …

Persistent link: https://www.econbiz.de/10011107504

Nexus of trade, investment and poverty: evidence from Pakistan

Amber, Fatima; Muhammad, Shahbaz; Faridul, Islam - Volkswirtschaftliche Fakultät, … - 2012

carefully, trade and investment can help promote economic growth and alleviate poverty. The paper empirically examines the … impact of trade and investment on poverty alleviation in Pakistan by employing the Johansen-Juselius (1990) approach to …-à-vis poverty. While investment is a key to promoting economic growth, trade openness can also help by improving business climate …

Persistent link: https://www.econbiz.de/10011107654