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The costs and constraints to financing, and the factors that influence them, play critical roles in the determination of corporate capital structures. Chapter 1 estimates firm-specific marginal cost of debt functions for a large panel of companies between 1980 and 2007. The marginal cost curves...
Persistent link: https://www.econbiz.de/10009475439
Magistriniame darbe atskleidžiamas kapitalo struktūros ir finansinių svertų analizės, kaip vienos iš naujausių finansų valdymo teorijos srities, turinys ir panaudojimo svarba ūkinės – komercinės veiklos rezultatų gerinimui bei kapitalo struktūros optimizavimui. Darbe taip pat...
Persistent link: https://www.econbiz.de/10009478259
Tax planners often choose debt over equity financing. As this has led to increased corporate debt financing, many countries have introduced thin capitalization rules to secure their tax revenues. In a general capital structure model we analyze if thin capitalization rules affect dividend and...
Persistent link: https://www.econbiz.de/10009447473
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
The financial structure reflects the method of financing be it from the company’s own or borrowed resources. Adopting a certain financial structure represents an important aspect of the financing policy of any company that aims at maximizing its market value, in a competitive economy. An...
Persistent link: https://www.econbiz.de/10012244694
Recent changes in the U.S. liability regime for oil pollution damage are precipitating a potential insurance crisis for oil carriers operating in U.S. waters. While liability rules can be useful in causing the oil transport industry to internalize the costs of oil pollution, unlimited liability...
Persistent link: https://www.econbiz.de/10009444670
) EU shipping industry changed after the exemption, allowing anti-competitive techniques to be used. In theory this was to … help stabilize the shipping markets by reducing fluctuation in freight rates. It is the hypothesis that a similar landscape …, financial records of major shipping companies, and direct data from companies using pooling techniques. Using linear regression …
Persistent link: https://www.econbiz.de/10009465130
The Oil Embargo of 1973 emphasized not only how oil dependent the fishing industry has become but that the days of inexpensive energy had ended. Oil prices have risen dramatically, but so have the price tags on new technologies, labor, vessel renovation, new construction and the cost of...
Persistent link: https://www.econbiz.de/10009455827
This paper reviews the behavior of shipping freight rate by using the freight index as an proxy variable. A proxy …
Persistent link: https://www.econbiz.de/10009455855