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Functional form issues in the regression analysis of financial leverage ratios

Ramalho, Joaquim; Silva, J. - In: Empirical Economics 44 (2013) 2, pp. 799-831

Linear models are typically used in the regression analysis of capital structure choices. However, given the proportional and the bounded nature of leverage ratios, models such as the tobit, the fractional regression model and its two-part variant are a better alternative. In this article, we...

Persistent link: https://www.econbiz.de/10010634288

A two-part fractional regression model for the financial leverage decisions of micro, small, medium and large firms

Ramalho, Joaquim J.S.; Silva, Jacinto Vidigal da - In: Quantitative Finance 9 (2009) 5, pp. 621-636

In this paper we examine the following two hypotheses, which traditional theories of capital structure are relatively silent about: (i) the determinants of financial leverage decisions are different for micro, small, medium and large firms; and (ii) the factors that determine whether or not a...

Persistent link: https://www.econbiz.de/10004966868

A two-part fractional regression model for the financial leverage decisions of micro, small, medium and large firms

Ramalho, Joaquim J.S.; Silva, Jacinto Vidigal da - Departamento de Economia, Universidade de Évora - 2006

In this paper we examine the following two hypotheses which traditional theories of capital structure are relatively silent about: (i) the determinants of financial leverage decisions are different for micro, small, medium and large firms; and (ii) the factors that determine whether or not a...

Persistent link: https://www.econbiz.de/10005232608

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

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

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

WER GEHT NOCH AN DIE THEKE? ERGEBNISSE EINER VERBRAUCHERSTUDIE ZU SB-FLEISCH

Schulze, Birgit; Spiller, Achim - Gesellschaft für Wirtschafts- und Sozialwissenschaften … - 2007

The German meat market is facing considerable changes. Along with the boom of case-ready and discount stores, butchers and smaller retailers loose market shares, and private labels become widely accepted. The consumers' preferences are often neglected by these trends. This contribution discusses...

Persistent link: https://www.econbiz.de/10005039049

Market orientation, innovation and organizational commitment in industrial firms

Moreira, Antonio Carrizo; Silva, Pedro Miguel - In: Tržište/Market 25 (2013) 2, pp. 123-142

The main purpose of this article is to study the antecedents (internal market orientation) and the consequences (innovation, organizational commitment and performance) of market orientation in industrial SMEs.This article follows a new approach: instead of analyzing the responses of CEOs to a...

Persistent link: https://www.econbiz.de/10011007035

The internationalization profiles of Portuguese SMEs

Oliveira, Pedro; Teixeira, Aurora A.C. - Faculdade de Economia, Universidade do Porto - 2011

Portuguese SME, constituting therefore an important tool for political action. On the basis of the literature review and the …’: Experienced Medium Low-Tech firms; Low skill, Low-Tech firms; Young High-Tech firms) based on language skills, SME business …; Highly productive firms) has as criteria the firm size, the SME export intensity and industry. The last segmentation proposal …

Persistent link: https://www.econbiz.de/10009367054

Export and Innovation in SMEs and Large Firms: The main determinants

Gomes, Ana Rita; Faustino, Horácio Crespo - ISEG - School of Economics and Management, Department … - 2011

enterprises (SME) and large companies operating in Portugal during the period 2004- 2008. From a sample of 200 SMEs and 30 major …

Persistent link: https://www.econbiz.de/10008853348

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