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tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a …
Persistent link: https://www.econbiz.de/10010264543
The aim of this paper is to identify the key determinants of the dividend policies for Malaysian listed firms. The … sample in this study incorporates the top 100 listed firms on Bursa Malaysia (Bursa) over a ten-year period from 2007 to 2016 …. The dynamic panel data set was constructed using the sample firms. The results indicate that dividend policies are …
Persistent link: https://www.econbiz.de/10014544553
capital structure are highlighted through separately observing debt and equity and their relationship to investment …
Persistent link: https://www.econbiz.de/10010307836
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10010298124
Das Finanzierungsumfeld für kleine und mittlere Unternehmen (KMU) befindet sich im Wandel. Die Veränderungen des konjunkturellen Umfelds und der damit verbundenen Niedrigzinspolitik sowie die Basel-Regulierungen zeigen einen deutlichen Einfluss auf die Finanzierungsstrukturen der KMU. So...
Persistent link: https://www.econbiz.de/10011420347
The paper examines the relationship between leverage and growth in a group of emerging central and eastern European countries, who are at different levels of financial market development. We hypothesize a non-linear relationship in that moderate leverage could boost growth while very high...
Persistent link: https://www.econbiz.de/10010269864
financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … uncertainty regarding the ability to obtain external funds may have induced firms to rely on internal funds to finance investment … activities. Therefore, we shed light on the cash flow sensitivity of investment and cash holdings by estimating firm- level …
Persistent link: https://www.econbiz.de/10010507361
Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation … investment rate, opposite of evidence. The paper resolves this puzzle by requiring exchange for investment as well as consumption …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …
Persistent link: https://www.econbiz.de/10010494408
total investment in intangibles was 227 billion or approximately two-thirds of the total investment in fixed capital in 2004 …. Thus, investment in intangibles was considerable in 2004. The corresponding figures for the UK and the US were 10.9 and 13 …
Persistent link: https://www.econbiz.de/10010320236
recognizing that firms make substantial investment in intangible assets such as R&D, design, advertising etc. These investments … are not classified as investment in the National Accounts, where only tangible assets are defined as investment. This … paper provides estimates of investment in intangible assets and uses the growth accounting framework to analyze the Swedish …
Persistent link: https://www.econbiz.de/10010320348