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Numerous studies have discussed that even if fundamental for innovation and economic growth, SMEs are often financially more constrained than large firms. Therefore, venture capitalists are often the only available sources of financing to small and young companies. Through the analysis of a...
Persistent link: https://www.econbiz.de/10010009080
accelerator investment model extended to account for the extent to which companies use internal finance, long term debt and short … variable that impacts corporate long term investment. Our evidence supports earlier findings that because of asymmetric … constraints while those in the GCC seem to have easy access to long and short term finance. -- investment ; asymmetric information …
Persistent link: https://www.econbiz.de/10010009127
, hedge funds and Credit Rating Agencies in managing investment risk and the expanded role of banks in investment and private …
Persistent link: https://www.econbiz.de/10010079549
In this study we estimate indirect bankruptcy costs for a recent sample of large corporate bankruptcies in the United States over the period, 1997 to 2004. We find indirect bankruptcy costs of approximately 2%, 6.2% and 14.9% of firm value in years -3, -2 and -1 relative to the year of...
Persistent link: https://www.econbiz.de/10010009077
extreme values theory, the conditional loss distribution function and the profitability analysis of the loan portfolio. The …
Persistent link: https://www.econbiz.de/10010118427
around the need to build a capability to source funds and appraise capital investment projects, reform the banking sector so …
Persistent link: https://www.econbiz.de/10010148292
Bank’s major approach in her internal rating system is credit scoring valuation which focused on corporates’ idiosyncratic risks and based on their financial indexes. Hence, an influence on corporates’ credit risks by business variation is not considered in her system. We model the effect...
Persistent link: https://www.econbiz.de/10010058683
This paper points out the problems of liquidity, disposal and obtaining funds, inability to collect receivables, delayed payments in times of economic and financial instability and dynamic business upheavals and uncertainty. As a contribution to resolve these issues new alternative methods of...
Persistent link: https://www.econbiz.de/10010058714
This paper used the internationalized electronic industries in the US and Taiwan from 1999 to 2008 as the subjects to compare their debt ratio and the scale of cash dividend as the reference for financing strategies and decision. The evidence showed that the debt ratio and the cash dividend...
Persistent link: https://www.econbiz.de/10010009107
average cost of capital ; discount rate ; free cash flow ; company valuation ; assessment of investment profitability …
Persistent link: https://www.econbiz.de/10010009391