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Company capital structure and tax: a study of mid-sized European companies

Cheng, Yue - 2008

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

Macroeconomics, firm dynamics and IPOs

González, Beatriz - 2020

Este artículo aplica un modelo de dinámica empresarial para incorporar empresas cotizadas en bolsa y empresas no cotizadas, que se enfrentan a distintas fricciones financieras, donde la decisión de hacer una oferta pública inicial (OPI) es una decisión endógena de la empresa. Esto permite...

Persistent link: https://www.econbiz.de/10012525220

The role of US agricultural and forest activities in global climate change mitigation

Gan, Jianbang (contributor); McCarl, Bruce (contributor) - 2007

In 2005 the highest global surface temperature ever was recorded. A virtual consensus exists today among scientists that global warming is underway and that human greenhouse gas (GHG) emissions are a significant cause. Possible mitigation of climate change through reduction of net GHG emissions...

Persistent link: https://www.econbiz.de/10009464930

The determinants and implications of corporate cash holdings in China

Xu, Yan - 2009

Current research on corporate cash holdings is set within the contemporary corporate cash-holding conceptual framework established by Opler et al. (1999), which consist of the static trade-off theory, the pecking-order theory and the free cash-flow theory. Most empirical studies on this area are...

Persistent link: https://www.econbiz.de/10009434869

Corporate governance mechanisms and earnings management in transitional countries – evidence from Chinese listed firms

Lin, Teng - 2011

The objective of this thesis is to investigate whether the corporate governance practices adopted by Chinese listed firms are associated with the quality of earnings information. Based on a review of agency and institutional theory, this study develops hypotheses that predict the monitoring...

Persistent link: https://www.econbiz.de/10009438004

Behavioural differences among Chinese firms - from the perspective of earnings determination

Meng, Xin; Perkins, Frances - 1996

Firms with different ownership structure behave differently. Currently there are three major ownership structures in China’s industrial sector: state enterprises, collective enterprises, and private enterprises. Market-oriented economic reform has given great autonomy to firm managers in terms...

Persistent link: https://www.econbiz.de/10009451455

Are Chinese firms innovative or imitative?

Zheng, C. - 2010

In recent time, many Chinese firms have not only operated quite successfully at their home front, competing with those giant multinational companies inside China, they are also moving offshore. The short internationalisation process of Chinese firms looks both sudden and unexpected, causing many...

Persistent link: https://www.econbiz.de/10009483799

The role of firms in China's green marketing

Song-Turner, Helen - 2010

In recent years, the Chinese Government has paid increasingly close attention to the issue of environmental management and one of the subsets of this issue is the concept of green marketing. Is it possible for Chinese companies to start to make use of green marketing concepts, principles and...

Persistent link: https://www.econbiz.de/10009484621

Econometrics issues in forward-looking monetary models

Mavroeidis, Sophocles; Hendry, David - 2002

of the single-equation formulations. We provide extensions to existing results on the properties of GMM estimators and … parameters are weakly identified and the GMM estimators are inconsistent and biased in the direction of OLS.We also ¯nd the OLS …

Persistent link: https://www.econbiz.de/10009441413

How capital structure adjusts dynamically during financial crises

Ariff, Mohamed; Taufiq, Hassan; Shamsher, Mohamad - 2008

The availability of a unique data set of financially distressed firms enabled this study to apply the dynamic capital structure adjustment model to a study of capital structure. In addition, the factors driving capital structure adjustment of financially distressed and of healthy firms were...

Persistent link: https://www.econbiz.de/10009441702