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We empirically examine some listed Chinese firms’ political connection, ownership, and financing constraints. Politically-connected firms display no financing constraints whereas firms without connection experience significant constraints. Non-connected family-controlled firms bear greater...
Persistent link: https://www.econbiz.de/10010576422
examined. Financial determinants (growth, leverage, and liquidity) known to impact this relationship and their interaction with … influences strategic decisions involving long-term investment. The results also indicate a distinction between family and … leveraged, have growth opportunities, or want to preserve liquidity. …
Persistent link: https://www.econbiz.de/10010875397
of employment and the income of households. This paper focuses on the role of firm leverage on the growth performance of … rise. The findings suggest that the poorer sales growth performance of the firm was related to the firm leverage increase … before the global financial crisis. The evidence shows that the correlation between leverage growth and the poorer sales …
Persistent link: https://www.econbiz.de/10010941535
This study aimed to test five fundamental factors (growth, profitability, leverage, liquidity, and efficiency) and two …
Persistent link: https://www.econbiz.de/10009651400
with leverage, tax position and growth; it decreases with cash flow coverage, ownership concentration and firm size … firm characteristics: tax position, financial constraint, ownership structure, growth, and size. Design …
Persistent link: https://www.econbiz.de/10010610538
activity level disabled generating higher incomes. In this way, the possibility of growth based on internal financing sources … complexity of financial and structural heritage and to show to what extent it is the burden to the growth of Serbian economy. At …
Persistent link: https://www.econbiz.de/10010674413
Previous literature documents a negative relationship between leverage and firm growth. This paper finds that once the … incentives provided by stock options are accounted for, leverage does not affect firm growth. The paper also finds that the … sensitivity of CEOs’ wealth to stock price (i.e. option delta) instead of leverage has a negative relationship with growth. These …
Persistent link: https://www.econbiz.de/10010578055
. Leverage level is significantly positively affected by the income volatility and growth opportunities of Serbian firms. Our … panel data. We model the leverage ratio as a function of firm-specific characteristics. The findings indicate the emerging …
Persistent link: https://www.econbiz.de/10011031786
corruption. Free cash flows to dividends and leverage are used as indicators of private sector corruption. The research examines … hypotheses are tested using the Generalized Methods of Moments and Wald tests. The results demonstrate that leverage policy is a …
Persistent link: https://www.econbiz.de/10011205675
of employment and the income of households. This paper focuses on the role of firm leverage on the growth performance of … rise. The findings suggest that the poorer sales growth performance of the firm was related to the firm leverage increase … before the global financial crisis. The evidence shows that the correlation between leverage growth and the poorer sales …
Persistent link: https://www.econbiz.de/10011258514