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Der Wertpapierprospekt: empirische Befunde zur Qualität der Risikoangaben bei Neuemissionen
Henselmann, Klaus; Klein, Martin; Maier, Christian - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2009
The paper analyzes the risk disclosure quality in the prospectus of IPOs in Germany between 2006 and 2008. Quality of risk information is measured as precision and comprehensibility. The relationship between risk disclosure quality and earnings power is tested.
Persistent link: https://www.econbiz.de/10008479034
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Modern Pentecostal understandings of money, investment and accounting – Kenneth and Gloria Copeland's faith teaching
James, Kieran; Hardy, Les; Narraway, Tim - In: International Journal of Critical Accounting 2 (2010) 4, pp. 340-371
and other gifts made 'for the gospel's sake' (Mark 10:29-30). Overall, we find that the individualistic capitalistic pro-investment …
Persistent link: https://www.econbiz.de/10008755470
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Capital Structures in an Emerging Market: A Duration Analysis of the Time Interval Between IPO and SEO in China
Ni, Yang; Guo, Shasha; Giles, David E. - Department of Economics, University of Victoria - 2009
We model the durations between firms’ “Initial Public Offerings” (IPOs) and their subsequent “Seasoned Equity Offerings” (SEOs) in China during the period from 1 January 2001 to 1 July 2006. Duration analysis is applied by using the nonparametric Kaplan-Meier estimator of the hazard...
Persistent link: https://www.econbiz.de/10005020527
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Small and medium-sized enterprises in East Germany: Status and outlook
Irsch, Norbert - In: CESifo Forum 6 (2005) 4, pp. 7-15
Persistent link: https://www.econbiz.de/10004998728
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The strategic effect of debt in dynamic price competition with fluctuating demand
Neubecker, Leslie - Wirtschaftswissenschaftlichen Fakultät, … - 2002
This paper shows that obligations from debt hinder tacit collusion if equity owners are protected by limited liability. In contrast to its advantageous commitment value in short-run competition, leverage reduces profits from infinite interaction. Contrasting uncorrelated shocks with a cyclical...
Persistent link: https://www.econbiz.de/10009151418
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Zinsschranke, Unternehmensbewertung und APV Ansatz - eine Anmerkung zum Beitrag von Förster/Stöckl/Brenken (ZfB 2009, S. 985 ff.)
Arnold, Sven; Lahmann, Alexander; Schwetzler, Bernhard - arqus - Arbeitskreis Quantitative Steuerlehre - 2011
In einem kürzlich erschienenen ZfB-Beitrag schlagen Förster et al. eine Vorgehensweise für die Erfassung der Zinsschranke und ihrer Wirkung auf die zinsinduzierte Steuerersparnis vor. Dieser Beitrag nimmt kritisch dazu Stellung: Es wird gezeigt, dass die dort abgeleiteten Formeln für die...
Persistent link: https://www.econbiz.de/10009004777
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Investment and capital structure decisions under time-inconsistent preferences
Kijima, Masaaki; Tian, Yuan - Institute of Economic Research, Kyoto University - 2013
framework of entrepreneurial firms’ investment and capital structure decisions with time-inconsistent preferences. We show that …). Time-inconsistent preferences delay investment under both all-equity financing and debt-equity financing. However, the … impact is weakened under debt-equity financing, because debt financing increases the payoff value upon investment and …
Persistent link: https://www.econbiz.de/10010860085
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The Capital Structure of Regulated Firms
Spiegel, Yossef; Spulber, Daniel F. - Center for Mathematical Studies in Economics and … - 1991
The equilibrium price, investment, and capital structure of a regulated firm are examined using a sequential model of …
Persistent link: https://www.econbiz.de/10005252357
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Financing Investment: The Choice between Bonds and Bank Loans
Morellec, Erwan; Valta, Philip; Zhdanov, Alexei - HEC Paris (École des Hautes Études Commerciales) - 2013
We build a dynamic model of investment and financing decisions to study the choice between bonds and bank loans in a … firm's marginal financing decision and its effects on corporate investment. We show that firms with more growth options … of investment. We test these predictions using a sample of U.S. firms and present new evidence which supports our theory. …
Persistent link: https://www.econbiz.de/10010721564
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Regulatory Independence and Political Interference: Evidence from EU Mixed-Ownership Utilities’ Investment and Debt
Cambini, Carlo; Rondi, Laura - Fondazione ENI Enrico Mattei (FEEM) - 2010
This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA … privately controlled. Finally political orientation does matter, as firm investment increases under more conservative (pro …
Persistent link: https://www.econbiz.de/10008465522