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Financial Decision of Tunisian Firms in the Context of Market Timing Theory
Drissi, Ramzi; Ghazouani, Tarek; Ghazouani, Assaad - In: International Journal of Economics and Financial Issues 3 (2013) 4, pp. 923-923
This work focuses on the study of the determinants of capital structure in the context of the "Market Timing" theory in …
Persistent link: https://www.econbiz.de/10010701170
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The determinants of the capital structure of listed on stock market non-financial firms: Evidence for Portugal
Vergas, Nelson; Cerqueira, António; Brandão, Elísio - Faculdade de Economia, Universidade do Porto - 2015
in this field: the trade-off theory, pecking order theory, agency costs theory and the market timing theory. The sample …. These results highlight the presence of the postulated by the pecking order theory. Additionally, it is evident that there …
Persistent link: https://www.econbiz.de/10011210846
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Panel data analyses of the pecking order theory and the market timing theory of capital structure in Taiwan
Chen, Dar-Hsin; Chen, Chun-Da; Chen, Jianguo; Huang, Yu-Fang - In: International Review of Economics & Finance 27 (2013) C, pp. 1-13
We exploit panel data of publicly-traded Taiwanese firms to test the pecking order theory the market timing theory over … demonstrates that the pecking order theory is not supported by our empirical results. On the other hand, the evidence of the market … timing theory is favorable for the Taiwan stock market especially for the period 1990 to 2001, suggesting that the results of …
Persistent link: https://www.econbiz.de/10010664349
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THAI FIRMS' HISTORIES AND THEIR CAPITAL STRUCTURE
LAW, TAK YAN; CHONG, TERENCE TAI-LEUNG - In: Annals of Financial Economics (AFE) 06 (2011) 01, pp. 1150004-1
This paper examines the impacts of profitability, stock price performance and growth opportunity on the capital structure of firms in Thailand. The methodology of Kayhan and Titman (2007) is applied to model the dynamics of debt ratios. The results suggest that the leverage ratios of Thai firms...
Persistent link: https://www.econbiz.de/10010888477
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Corporate finance theories. Challenges and trajectories
TUDOSE, Mihaela Brînduşa - In: Management & Marketing 7 (2012) 2
The aim of this paper is to examine the evolution of corporate finance theories in order to outline already established and future trajectories. Compared with the earliest theories developed in the field (which mainly focused on the capital structure irrelevance), specialist literature has been...
Persistent link: https://www.econbiz.de/10011019869
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The Determinants of Banking Performance in Front of Financial Changes: Case of Trade Banks in Tunisia
Nouaili, Makram; Abaoub, Ezzeddine; Ochi, Anis - In: International Journal of Economics and Financial Issues 5 (2015) 2, pp. 410-417
The banking sector in Tunisia has undergone, in the past decades, numerous structural changes which have affected the … performance in Tunisia during the period after financial reforms. We used regression analysis and panel data technique with the …
Persistent link: https://www.econbiz.de/10011268809
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Labor-use Efficiency in Tunisian Manufacturing Industiries
Haouas, Ilham; Yagoubi, Mahmoud; Heshmati, Almas - In: Review of Middle East Economics and Finance 1 (2003) 3, pp. 1012-1012
This paper investigates the process of adjustment in employment. A dynamic model is applied to a panel of six Tunisian manufacturing industries observed over a period of 25 years, from 1971 to 1996. Industries are assumed to adjust their labor inputs toward a desired level. A labor requirement...
Persistent link: https://www.econbiz.de/10005246023
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Testing for Separation in Agricultural Household Models and Unobservable Household-Specific Effects
D'HOMBRES, Béatrice; ARCAND, Jean-Louis - Centre d'Études et de Recherches sur le Développement … - 2006
When market structure is complete, factor demands by households will be independent of their characteristics, and households will take their production decisions as if they were profit-maximizing firms. This observation constitutes the basis for one of the most popular empirical tests for...
Persistent link: https://www.econbiz.de/10005016639
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Modelling Non-Interest Income at Tunisian Banks
HAKIMI, Abdelaziz; HAMDI, Helmi; DJELASSI, Mouldi - In: Asian Economic and Financial Review 2 (2012) 1, pp. 88-99
influential factors shaping the tendency of non-interest income in Tunisia. …
Persistent link: https://www.econbiz.de/10009654271
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Corporate governance, regulation and risk-taking behaviour in the banking industry: the Tunisian evidence
Mnasri, Khadija; Abaoub, Ezzeddine - In: International Journal of Accounting, Auditing and … 6 (2010) 4, pp. 422-450
Bank of Tunisia increased the minimum capital requirements for the banking industry vis-a-vis risk-weighted assets to 8 …
Persistent link: https://www.econbiz.de/10009352513