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In this paper we treat economic and legal advantages to firms in business financing through the issuance of bonds … businesses and corporations, about the types of financing they use. The objective was to obtain necessary information regarding … the form of business financing in our country. The research shows that the majority of businesses surveyed stated that …
Persistent link: https://www.econbiz.de/10011196664
In this paper we study 325 large scale asset sale transactions by Indian manufacturing firms in the period 1996 to 2008. We find that the likelihood of asset sales increases with the firm’s low capacity of debt utilisation and decreases with size, profitability, operating performance and...
Persistent link: https://www.econbiz.de/10009644907
The article presents the initial proposal for the group risk measurement based on the comparison of two interconnected …
Persistent link: https://www.econbiz.de/10009325682
Using a recently expanded data set on supplier-customer links, we examine how customer concentration affects firm profitability. We find that the relation between customer concentration and firm profitability is more complex than recent literature suggests. We confirm that customer concentration...
Persistent link: https://www.econbiz.de/10011259843
Using a recently expanded data set on supplier-customer links, we examine how customer concentration affects firm profitability. We find that the relation between customer concentration and firm profitability is more complex than recent literature suggests. We confirm that customer concentration...
Persistent link: https://www.econbiz.de/10011109740
This paper try to study the arrears and the facility of payment’s overdue debts in Gorj county. The study points out the dramatic evolution in Gorj county of arrears. The conclusion is that even the Gorj county belongs into the few other counties in Romania which have little debtors and many...
Persistent link: https://www.econbiz.de/10005790135
This paper analyzes debt-equity choice for financing a two-stage investment when a firm’s insiders have private …
Persistent link: https://www.econbiz.de/10005836591
In a simple firm value model we consider the impact of the insolvency probability on the valuation of equity and debt, which are assumed to be not publicly traded. For the case of a distressed company, which usually has high debt and low equity, we can show that the impact becomes increasingly...
Persistent link: https://www.econbiz.de/10005837082
The variation in the degree of price regulation in the property-liability insurance market in Canada varies across time and space, creating an opportunity to test a recurring theory in regulatory economics: that price regulated firms have higher levels of financial leverage. Using an...
Persistent link: https://www.econbiz.de/10005837467
This paper investigates strategic brinksmanship between regulated property-liability insurance firms and their regulators. Prior research suggests that firms increase their financial leverage, and thus their probability of bankruptcy and expected bankruptcy costs, in order to mitigate the...
Persistent link: https://www.econbiz.de/10005837519