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The Economics of Corporate Bankruptcy Law
Wohlschlegel, Ansgar - 2002
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
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Macroeconomics, firm dynamics and IPOs
González, Beatriz - 2020
facing different financial frictions, and the decision to become publicly traded (Initial Public Offering, or IPO) is …. They finance investment with internal resources and debt and have the choice to go public (IPO). The main trade-off is … access to external equity financing, at a one-off cost of IPO and an increased cost of operation. The calibrated model is …
Persistent link: https://www.econbiz.de/10012525220
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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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Essays in corporate finance
Laranjeira, Bruno d. - 2011
This thesis presents two essays in Corporate Finance. In the first essay, I use the August 2007 crisis episode to gauge the effect of financial contracting on real firm behavior. I identify heterogeneity in financial contracting at the onset of the crisis by exploiting ex-ante variation in...
Persistent link: https://www.econbiz.de/10009477629
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ESSAYS IN DYNAMIC CORPORATE FINANCE
Michaux, Michael - 2010
My dissertation aims at understanding the financing and investment decisions of firms. It contains two chapters.Chapter One studies the currency composition of debt for firms in emerging economies. Using a dataset of traded Mexican firms, I document two stylized facts about firms in the...
Persistent link: https://www.econbiz.de/10009439046
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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
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Essays in Capital Structure
Yang, Jie - 2010
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
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Testing Theories of Capital Structure and Estimating the Speed of Adjustment
Huang, Rongbing; Ritter, Jay R - 2009
This paper examines time-series patterns of external financing decisions and shows that publicly traded U.S, firms fund a much larger proportion of their financing deficit with external equity when the cost of equity capital is low. The historical values of the cost of equity capital have...
Persistent link: https://www.econbiz.de/10009458996
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Ethiopian Companies of Corporate Finance: Overwhelming the Profit
RAJENDRAN, Moses Antony; Nedelea, Alexandru Mircea - 2017
This review article of corporate finance mentioned how the corporate finance is very important to bring the profits in Ethiopian Companies. It mentioned about the introduction, Importance of financial decision in Ethiopian corporate sectors. Techniques and strategies of corporate finance in...
Persistent link: https://www.econbiz.de/10011617967
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Mittelstands- und Innovationsfinanzierung in Deutschland : Ergebnisse und Hintergr?nde einer bundesweiten Unternehmensbefragung
Hummel, Detlev - 2011
Die vorliegende Studie analysiert die Ergebnisse einer bundesweiten Unternehmensbefragung zum Finanzierungsverhalten deutscher KMU. Im Fokus stehen die Verf?gbarkeit konkreter Finanzierungsinstrumente f?r KMU und deren Akzeptanz im Mittelstand. Dies soll die derzeitigen M?glichkeiten und Grenzen...
Persistent link: https://www.econbiz.de/10009483677