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and how this interaction is affected by ownership structure. We show that firms in our sample increase their leverage … that the leverage of these firms has a positive and significant effect on regulated prices, but not vice versa, and it also … privately-controlled firms use leverage strategically to shield themselves against regulatory opportunism. …
Persistent link: https://www.econbiz.de/10009443173
results. Study carried out by two of three set in the hypotheses. First, the amount of leverage and maturity there is a …
Persistent link: https://www.econbiz.de/10009478376
(leverage) and the term of the debt contract (debt maturity). However, little is known about the theoretical interdependence … between leverage and debt maturity. Furthermore, leverage and debt maturity are treated independently in most empirical … between leverage and debt maturity in both the Australia and the US capital markets. Our theoretical model, which builds upon …
Persistent link: https://www.econbiz.de/10009448678
This thesis analyses the impact of tax policy on firms' leverage ratios in a balanced panel of 129 medium-sized listed … companies from II European countries from 1993 to 2005. A general model of company leverage is applied within which King's tax … finance. Various leverage measures are studied to check for the robustness of the estimated model. Total debt is then …
Persistent link: https://www.econbiz.de/10009461243
essay tests theoretical predictions about therelationship between leverage and firm performance set forth by thecorporate … finance literature. The dynamic relationship between firmperformance and leverage is examined empirically using theDifference … GMM method of econometric estimation. Multiple measuresof performance and leverage are utilized, controlling …
Persistent link: https://www.econbiz.de/10009480854
recapitalization. The model reproduces known relations between firm size, leverage and growth opportunities. The model predicts that … firms time capital structure adjustments to their target leverage ratios with the exercise of their growth options. Compared … profitable firms have higher leverage. Firms facing low corporate tax rates choose not to issue any debt. Increases in volatility …
Persistent link: https://www.econbiz.de/10009483041
Resource acquisitions have added value to resource companies over the past two decades. This stems from the results of …
Persistent link: https://www.econbiz.de/10009434888
Acquisitions continue to be an important topic for management scholars and practitioners alike. Managers are actively …
Persistent link: https://www.econbiz.de/10009441641
Agro-biotechnology is evolving from a pre-commercial phase dominated by basic research science to a commercial phase oriented around marketing products. In pursuing innovation rents in the commercial phase, firms are reorienting their strategies around complementary marketing and distribution...
Persistent link: https://www.econbiz.de/10009446894
This paper examines the recent upsurge in foreign direct investment by emerging-market firms into the United States. Traditionally, direct investment flowed from developed to developing countries, bringing with it superior technology, organizational capital, and access to international capital...
Persistent link: https://www.econbiz.de/10009476923