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On the dynamics of small and medium-sized enterprises : evidence from Japan
Yamada, Kazuo; El Kalak, Izidin; Takahashi, Hidenori - 2018
The main objective of this paper is to understand how the changes in the macroeconomic conditions (the global financial crisis) relate to the investment and financial decision-making for each of the different size categories of SMEs. To do so, we use a large dataset of 764,963 observations in...
Persistent link: https://www.econbiz.de/10011804488
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Leverage over the firm life cycle, firm growth, and aggregate fluctuations
Dinlersoz, Emin Murat; Kalemli-Ozcan, Sebnem; Hyatt, … - 2019
We study the leverage of U.S. firms over their life cycles and the connection between firm leverage, firm growth, and ….S. Census Bureau’s Longitudinal Business Database for the period 2005–12. Public and private firms exhibit different leverage … dynamics over their life cycles. Firm age and size are systematically related to leverage for private firms but not for public …
Persistent link: https://www.econbiz.de/10012063843
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Marginal Tax Rates and Investment Behavior of Small and Large Firms
Eskandari, Ruhollah - 2020
Do changes in the marginal tax rate of corporations affect their investment? Using a unique dataset on balance sheet … and income of firms from 1956-2008 and a new measure of exogenous changes in corporations marginal tax rate, this paper … shows that the investment response of large firms to a marginal tax cut is almost twice the response of small firms …
Persistent link: https://www.econbiz.de/10012849155
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Credit Reallocation Effects of the Minimum Wage
Lin, Tse-Chun; Ni, Xiaoran; Peng, Yuchao - 2022
Using a comprehensive firm-level and a unique confidential loan-level combined dataset, we examine the credit reallocation effects of minimum wage hikes in China. We show that in response to a wage rise shock, firms, especially those that are labor-intensive, are less likely to obtain a loan....
Persistent link: https://www.econbiz.de/10013291784
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Does Size Matter? Evidence from Changes in Small Business Size Standards
Denes, Matthew - 2019
Small business size standards increased considerably in the United States since 2002. Following their staggered introduction across industries, we find lower shares of small businesses in industry establishments and employment and declines in job creation and business formation. Consequently,...
Persistent link: https://www.econbiz.de/10012862979
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Moderating role of audit quality and firm size on pretax profit margin and related party transactions : evidence from Indonesia
Santosa, Perdana Wahyu; Rahayu, Sovi Ismawati; Simon, … - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 24 (2023) 1, pp. 291-300
. RPTs and tax avoidance are complex and multifaceted phenomena of corporate finance. Additional business groups and …
Persistent link: https://www.econbiz.de/10014371913
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Determinants of ERM quality and its impact on company value
Hidayah, Nurul; Azhar, Zubir; Setiany, Erna; Utami, Wiwik; … - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 25 (2024) 1, pp. 11-23
Company value results from how well a company has managed its resources to achieve business benefits. However, there are always risks associated with conducting business, and effective risk management (ERM) can help reduce those risks so that they stay in the way of the entity's performance...
Persistent link: https://www.econbiz.de/10014636095
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Earnings management and theoretical adjustment in capital structure performance pattern : evidence from APTA economies
Shoaib, Adnan; Siddiqui, Muhammad Ayub - In: Borsa Istanbul Review 22 (2022) 1, pp. 20-36
. These practices reduce the impact of the capital structure on firm performance. This study has vital implications for debt …
Persistent link: https://www.econbiz.de/10012817965
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The firm size and leverage relationship and its implications for entry and concentration in a low interest rate world
Chatterjee, Satyajit; Eyigungor, Burcu - 2019
Larger firms (by sales or employment) have higher leverage. This pattern is explained using a model in which firms … higher leverage. A lower risk-free rate benefits bigger firms more as they are able to lever more and existing firms buy more …
Persistent link: https://www.econbiz.de/10012058912
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The relationship between investment and internal cash flows in VC-backed SMEs : does firm size matter?
Serrasqueiro, Zélia; Sardo, Filipe; Félix, Elisabete … - In: Journal of entrepreneurial finance : JEF ; official … 21 (2019) 1, pp. 38-56
internal cash flows is greater in larger than in the smaller VC-backed SMEs. Debt is more important for smaller than for larger … flows and debt as well as the negative effect of growth opportunities on investment in both smaller and larger VC …
Persistent link: https://www.econbiz.de/10012241535