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. Our results suggest that non?debt tax shields and profitability are both negatively related to SME leverage, while size …
Persistent link: https://www.econbiz.de/10005212514
cash conversion period (CCP), creditors payment period (CPP), on return on assets (a mirror of corporate profitability). We … profitability in Nigeria. It is closely followed by ICP and then CPP is third in importance in affecting profitability and liquidity …
Persistent link: https://www.econbiz.de/10010706235
This study explores the association between working capital management and the profitability of textile firms in … Pakistan. The efficiency of working capital management is reflected by three variables: cash conversion efficiency, days … on sales as proxies for profitability. A balanced panel dataset covering 160 textile firms for the period 2000–05 is …
Persistent link: https://www.econbiz.de/10010556348
The objective is to develop a mathematical model of the firm to show the relationship between profitability, growth … by periodic expenditures growing at a steady rate. These revenue flows are described in terms of profitability (internal …
Persistent link: https://www.econbiz.de/10010927774
, i.e.: leverage, liquidity, capital ratio, asset quality and profitability, as a source of systemic risk. The aim of the …
Persistent link: https://www.econbiz.de/10011265600
size, profitability, operating performance and solvency. We also find that the performance of firms after they sell assets … do not improve in profitability, solvency or operations. The only difference the episodes of asset sales make is some …
Persistent link: https://www.econbiz.de/10009644907
following indicators ie.: leverage, liquidity, capital ratio, asset quality and profitability are analyzed as a source of …
Persistent link: https://www.econbiz.de/10011107825
following indicators ie.: leverage, liquidity, capital ratio, asset quality and profitability are analyzed as a source of …
Persistent link: https://www.econbiz.de/10011115407
We study a general equilibrium model in which firms choose their capital structure optimally, trading off the tax advantages of debt against the risk of costly default. The costs of default are endogenous: bankrupt firms are forced to liquidate their assets, resulting in a fire sale if there is...
Persistent link: https://www.econbiz.de/10010862113
Since its publication, the seminal structural model of default by <xref ref-type="bibr" rid="B45">Merton (1974) has become the workhorse for gaining insights about how firms choose their capital structure, a “bread and butter” topic for financial economists. Capital structure theory is inevitably linked to several...</xref>
Persistent link: https://www.econbiz.de/10011004681