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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
There are three reasons for attempting to reach a common understanding of the responsibilities of sovereign borrowers and their lenders. First, the flow of capital to sovereign debtors is exceptionally important to the world economy. Industrialized countries rely on it to finance their budget...
Persistent link: https://www.econbiz.de/10009471550
h.M. im Fremdkapital auszuweisen. Die Fremdkapitalklassifikation hat (schwerwiegende) Folgen für den Einzelabschluss der …
Persistent link: https://www.econbiz.de/10009448900
Die Gesellschafter-Fremdfinanzierung wird sowohl in Deutschland also auch europaweit sowie international zunehmend restriktiv geregelt mit der Folge, dass die steuerlichen Regelungen zur Gesellschafter-Fremdfinanzierung (Thin Capitalization Rules) die Finanzierungsentscheidung multinationaler...
Persistent link: https://www.econbiz.de/10009433684
Kapitalstruktur wählen. Allerdings ist die Kapitalstrukturtheorie trotz intensiver Forschung über fast fünf Jahrzehnte immer noch … Manager im Detail dabei welchen Einfluss auf die Entscheidungen für die Kapitalstruktur haben, ist bisher allerdings empirisch … der Kapitalstruktur eine relevante Rolle spielen. Im Speziellen kann durch die Berücksichtigung der Overconfidence des …
Persistent link: https://www.econbiz.de/10009467404
Kapitalstruktur, die dynamische Steuerung des Unternehmensrisikos und die nicht normale Verteilung der Firmenrendite. Im zweiten …
Persistent link: https://www.econbiz.de/10009471598
Financial globalization is an inherent feature of today’s economies. But the positive impact of financial globalization has been limited and some puzzling evidence has been found recently. To explain these puzzles, Stulz argued that finance is critically affected by Twin Agency Problems:...
Persistent link: https://www.econbiz.de/10009452443
Using panel data methodology, the determinants of capital structure in 34 Australia listed property trusts (A-REITs) are investigated for the period 2003-2008. Empirical results reveal that profitability, growth opportunity, and operational risk are negatively related to leverage while size is...
Persistent link: https://www.econbiz.de/10009437602