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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
Some companies are implementing interorganizational information systems (IOSs) with trading partners that allow them to share data and software across organizational boundaries. The authors explore the effect of IOSs on cash management from a managerial perspective and present a case study of...
Persistent link: https://www.econbiz.de/10009481421
AbstractStudying personal finances helps avoiding financial difficulties and the use of financial opportunities to provide a chance for a successful family life. Personal finance is based on studying the financial resources of the family, which are considered important in the pursuit of...
Persistent link: https://www.econbiz.de/10011777248
This dissertation studies the Economic and Monetary Union (EMU) and itseffects on foreign exchange markets and corporate cash holdings. These two potentialeffects are examined in the dissertation in two separate essays.The first essay examines the validity of the purchasing power parity...
Persistent link: https://www.econbiz.de/10009465029
This dissertation is composed of two distinct chapters. The first chapter is concerned with the secular trends in corporate cash holdings and the determinants of the changing cash policies for seven industrialized countries--Australia, Canada, France, Germany, Japan, the US, and UK. In the first...
Persistent link: https://www.econbiz.de/10009431815
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