Showing 1 - 10 of 6,349
Persistent link: https://www.econbiz.de/10004998728
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
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
structure choice on firm performance in India as one of the emerging economies. Design/methodology/approach - Fixed effect panel …, postulates of agency theory have to be seen with different perspective in India given the underdeveloped nature of bond markets … enable the practitioners and analysts to understand as to why, in the bank-dominated debt financing system in India, leverage …
Persistent link: https://www.econbiz.de/10010960141
In contrast to the existing empirical research on the pecking order hypothesis which has been largely confined to the United States and a few other advanced countries, this paper attempts to test the hypothesis for an emerging economy through a case study of the Indian Corporate sector. A well...
Persistent link: https://www.econbiz.de/10011258879
In contrast to the existing empirical research on the pecking order hypothesis which has been largely confined to the United States and a few other advanced countries, this article attempts to test the hypothesis for an emerging economy through a case study of the Indian corporate sector. A well...
Persistent link: https://www.econbiz.de/10011265016
Conventional wisdom on capital structure choices has been by and large confined to the United States and a few advanced countries having institutional similarities. In this paper we make an attempt to provide some insight into the capital structure choice of developing countries through a case...
Persistent link: https://www.econbiz.de/10010840788
how ownership structure impacts the capital structure of the listed mid-cap companies in India and whether the capital …, in the bank and financial institution-dominated debt financing system in India, leverage is closely associated with …
Persistent link: https://www.econbiz.de/10010610542
Capital structure theories in finance aim towards an ideal debt-equity ratio in the traditional interest-based financial system. The capital structure theories as per the Shariah law also aim towards an ideal debt-equity ratio but the debt contract used here is different with different...
Persistent link: https://www.econbiz.de/10010669669
, business risk, growth rate, profitability, non-tax shield - of listed aluminium companies of India for the 17 years from 1991 …
Persistent link: https://www.econbiz.de/10010817119