Showing 1 - 10 of 103
Past literature attempts to resolve the issue of the motivation behind managers' choice of a given capital structure. Despite several decades of intensive research, there is still no consensus about which theory dominates capital structure decisions. The present study empirically investigates...
Persistent link: https://www.econbiz.de/10009475080
Using panel data methodology, the determinants of capital structure in 34 Australia listed property trusts (A …
Persistent link: https://www.econbiz.de/10009437602
This study examines the divide between finance theory and practice by analysing thesignificance of the determinants of capital structure choice among 123 listed firms on the JSE, todetermine whether these firms follow the trade-off theory or the pecking-order theory.Data obtained from...
Persistent link: https://www.econbiz.de/10009457733
CNAclassification. The study used data from the Economatica® database, with theadoption of panel data methods. The results indicated …
Persistent link: https://www.econbiz.de/10009446918
Tests of the static trade-off theory that posits that firms movetowards the optimum capital structure necessitate a jointhypothesis test - whether firms adjust toward target leverage, andwhether the proxy used for target leverage is the true targetleverage. Prior studies use the time-series mean...
Persistent link: https://www.econbiz.de/10009468635
Tests of the static trade-off theory that posits that firms move towards the optimum capital structure necessitate a joint hypothesis test - whether firms adjust toward target leverage, and whether the proxy used for target leverage is the true target leverage. Prior studies use the time-series...
Persistent link: https://www.econbiz.de/10009451129
methods, namely cross-sectional pooled regression, static and dynamic panel data regression, and quantile regression to … approach cannot measure firms’ diversity. This finding implies that average model results (e.g., from OLS or panel data models … decisions are the same for all firms in the economy is clearly unrealistic.Using the dynamic panel data model, this thesis …
Persistent link: https://www.econbiz.de/10009465980
This thesis presents and compares the performance of two recently developed classification methods namely the Spatial Stagewise Aggregation procedure and Support Vector Machines. Both techniques are convenient for the application to corporate bankruptcy analysis, in terms of calculation of...
Persistent link: https://www.econbiz.de/10009467058
Apart from an extensive survey of the literature on the economics of corporate bankruptcy law, this thesis contains three own contributions: First, a model is presented where a firm's manager acquires some private information about whether a firm should be liquidated or stay in business....
Persistent link: https://www.econbiz.de/10009476240
Numerous empirical studies in the finance field have tested many theories for firms¡¦ capital structure. Under the assumption of asymmetric information, the pecking order theory proposes the financing order for farm businesses, which implies a negative relationship between their cash flow and...
Persistent link: https://www.econbiz.de/10009443586