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the case where only standard financial contracts are available. The theory explains why bankruptcy law should, in some … besseren Firmen die Eigner und die Gläubiger gemeinsam über das Fortbestehen der Firma entscheiden sollten. Die Theorie kann …
Persistent link: https://www.econbiz.de/10009476240
(leverage) and the term of the debt contract (debt maturity). However, little is known about the theoretical interdependence … between leverage and debt maturity. Furthermore, leverage and debt maturity are treated independently in most empirical … between leverage and debt maturity in both the Australia and the US capital markets. Our theoretical model, which builds upon …
Persistent link: https://www.econbiz.de/10009448678
of the crisis by exploiting ex-ante variation in long-term debt maturity structure. Using a difference … not confounded with other factors. For example, in the absence of a credit contraction, the maturity composition of long …-term debt has no effect on investment. Moreover, long-term debt maturity composition had no impact on investment during the …
Persistent link: https://www.econbiz.de/10009477629
theory and the tax advantage hypothesis. The design of the study takes account three lacunae in our current understanding of …
Persistent link: https://www.econbiz.de/10009465980
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
and (ii) their earnings are not sensitive to the exchange rate. I propose an explanation based on imperfect competition in …
Persistent link: https://www.econbiz.de/10009439046
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
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
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
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