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Mergers and acquisitions transactions strategies in diffusion - type financial systems in highly volatile global capital markets with nonlinearities

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014

The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...

Persistent link: https://www.econbiz.de/10011259891

The cost of capital and optimal financing policy in a dynamic setting

Karpavičius, Sigitas - In: Journal of Banking & Finance 48 (2014) C, pp. 42-56

setting. In an environment without taxes and bankruptcy costs, the results are generally consistent with the Modigliani … assumptions about either taxes or bankruptcy costs leads to conclusions that are generally different from those in Modigliani and … with the subjective discount factor of the firm’s manager if there are taxes and bankruptcy costs. The empirical analysis …

Persistent link: https://www.econbiz.de/10011077968

AN INTRODUCTION TO BEHAVIORAL CORPORATE FINANCE

Vasile, Dedu; Sebastian, Turcan Ciprian; Radu, Turcan - In: Annals of Faculty of Economics 1 (2012) 2, pp. 471-476

The purpose of this paper is to reflect the behavioral aspects that govern corporations. The paper briefly presents some of the main pillars of behavioral corporate finance: management, closed – end funds puzzle, dividends and the importance of aggregate earnings releases. The first pillar...

Persistent link: https://www.econbiz.de/10010617374

Estimating the Borrowing Behavior of French and German Firms An Econometric Analysis

Kremp, Elizabeth; Stöß, Elmar - In: Journal of Economics and Statistics (Jahrbuecher fuer … 221 (2001) 5-6, pp. 620-647

impact on borrowing according to the theory of signalling whereas the negative correlation of profit and debt supports …

Persistent link: https://www.econbiz.de/10008634433

Size Matters - "Over"investments in a Relational Contracting Setting

Englmaier, Florian; Fahn, Matthias - CESifo - 2015

The corporate finance literature documents that managers tend to overinvest into physical assets. A number of theoretical contributions have aimed to explain this stylized fact, most of them focussing on a fundamental agency problem between shareholders and managers. The present paper shows that...

Persistent link: https://www.econbiz.de/10011120475