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of capital structure theory with particular reference to the architecture and functioning mechanisms of the corporate … dem Hintergrund der Theorie der Unternehmensfinanzierung und im Kontext theoretischer Überlegungen zum Aufbau und zur …
Persistent link: https://www.econbiz.de/10014608859
‐documented reticence of SME owners to reveal detailed financial information, data were requested in percentage form. This innovative … empirical investigations of SME financing, which is to examine the applicability of theories developed in corporate finance on …
Persistent link: https://www.econbiz.de/10014903263
Purpose – Based on the agency theory, the purpose of this paper is to theoretically argue and empirically investigate …, growth and size. The findings are consistent with “managerial entrenchment hypothesis” and “pecking order theory” of capital …
Persistent link: https://www.econbiz.de/10015013667
Purpose – Based on the agency theory, the purpose of this paper is to empirically investigate the impact of capital … with the assumptions of agency theory as commonly received and accepted in other developed as well as emerging economies …. Consequently, postulates of agency theory have to be seen with different perspective in India given the underdeveloped nature of …
Persistent link: https://www.econbiz.de/10014941812
structure decisions. The paper contributes to the agency theory–capital structure discourse in an emerging country context where …
Persistent link: https://www.econbiz.de/10014989993
surveyed firms do not follow a target debt ratio. Hence, the trade-off theory is not supported. Partners rather than …-term debt over long-term debt. Thus, the pecking order theory is supported. General economic conditions, debt-paying ability of …
Persistent link: https://www.econbiz.de/10014941124
Zusammenfassung Die CSR-Forschung hat unterschiedliche Arten von Motiven für die Übernahme sozialer Verantwortung in den Unternehmen herausgearbeitet. Allerdings wurde dabei bisher kaum Aufmerksamkeit auf das CSR in klein- und mittelständischen touristischen Unternehmen gelegt. Der...
Persistent link: https://www.econbiz.de/10014624519
Zusammenfassung Der Beitrag geht von der These aus, dass die technikgetriebenen Leitbilder des digitalen Wandels, wie sie im Zusammenhang der Vision „Industrie 4.0“ vertreten werden, die Potenziale des menschlichen Arbeitshandelns nicht bzw. nicht ausreichend berücksichtigen. Im Unterschied...
Persistent link: https://www.econbiz.de/10014586534
Summary Small and medium-sized enterprises are considered to be the principal generator of new jobs in the industrialised countries at least since the Birch (1979) study. According to this image, they are also stabilising the economy during the business cycles because of the lower volatility of...
Persistent link: https://www.econbiz.de/10014608852
Summary This paper focuses on the question whether West German firms have experienced an increase in their financial risk position with due implications for the macroeconomy. The investigation is based on a special evaluation of the balance sheet statistics by the Deutsche Bundesbank broken down...
Persistent link: https://www.econbiz.de/10014608853