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Determinants of the use of debt and leasing in UK corporate financing decisions
Dzolkarnaini, Mohd Nazam - 2009
This thesis investigates the determinants of the use of debt and leasing in the UK using a comprehensive measure of debt and leases, in recognition of the link between lease and debt-type financing decisions, based on financial contracting theory and the tax advantage hypothesis. The design of...
Persistent link: https://www.econbiz.de/10009465980
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Three essays on earnings management, financial irregularities, and capital structure
Pungaliya, Raunaq Sushil - 2010
leverage is both an economically and statistically significant determinant of bond and CDS spreads, and its role increases with … bond issues. I find that fraud announcements trigger swift, sharp, and long lasting credit rating downgrades and are … associated with significant declines in bondholder wealth. An examination of new bond issues confirms a significant increase in …
Persistent link: https://www.econbiz.de/10009466088
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Responsible Sovereign Lending and Borrowing
Gulati, Mitu; Buchheit, Lee C. - 2010
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
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Analysis of the Capital Structure of German Companies with the SSA and SVM
Pohlmann, Tim Fabien - 2007
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
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The Economics of Corporate Bankruptcy Law
Wohlschlegel, Ansgar - 2002
argued that the coercive character of bond exchange offers leads to an inefficient liquidation policy, and that legal …
Persistent link: https://www.econbiz.de/10009476240
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The Corporate Choice between Public Debt, Bank Loans, Traditional Private Debt Placements, and 144A Debt Issues
Arena, Matteo - 2010
which is conditional on credit quality. High credit quality firms prefer public bond offerings and small firms, with good …
Persistent link: https://www.econbiz.de/10009484536
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Fiscal Decentralization and Fiscal Policy: An Economic Analysis
Baskaran, Thushyanthan - 2009
Es ist noch immer nicht endgültig geklärt, wie fiskalische Dezentralisierung die Höhe und Struktur der öffentlichen Ausgaben beeinflusst. Diese Dissertation analysiert daher zwei zusammenhängende Fragen. Erstens werden die Auswirkungen der fiskalischen Dezentralisierung auf die...
Persistent link: https://www.econbiz.de/10009476259
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The Twin Agency Problems in Corporate Finance - On the basis of Stulz's theory
Du, Juan - 2009
investigation in China. On the basis of the data from 1481 Chinese companies listed in Shanghai, Shenzhen or New York, it is found … nearly 20% are controlled by families. The average degree of ownership concentration in China is more than 30%, which is … evidence in China shows that the companies listed abroad are more concentrated than those listed only inland. The investigation …
Persistent link: https://www.econbiz.de/10009452443
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Influencing Factors and Optimization of Agricultural Listed Companies in China
Lin, Xue; Jia, Xianwei - 2009
theory of enterprises in China. Based on this, research hypothesis is put forward. Capital structure has positive correlation …
Persistent link: https://www.econbiz.de/10009446440
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Financial Leverage and the Leverage Effect - A Market and Firm Analysis
Aydemir, A. Cevdet; Gallmeyer, Michael; Hollifield, Burton - 2007
We quantify the effect of financial leverage on stock return volatility in a dynamic general equilibrium economy with debt and equity claims. The effect of financial leverage is studied both at a market and a firm level where the firm is exposed to both idiosyncratic and market risk. In a...
Persistent link: https://www.econbiz.de/10009441057