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The inner structure of pyramid and capital structure : evidence from China

Su, Kun - 2014

deeply. His results show that the longer the layers of pyramid structure, the stronger the "leverage effect" of pyramid … structure, as well as the ultimate controllers' motivation to expand debt financing will be. So the layers of pyramid structure …

Persistent link: https://www.econbiz.de/10010235883

Comparative venture capital governance : private versus labour sponsored venture capital funds

Cumming, Douglas J.; MacIntosh, Jeffrey G. - 2003

Private independent limited partnership venture capital funds receive capital from institutional investors, without tax … Labour Sponsored Venture Capital Corporations (LSVCCs) receive capital only from individual investors who receive tax breaks … governance and tax incentives: (1) on the distribution of venture capital funding between private and LSVCC funds; (2) on the …

Persistent link: https://www.econbiz.de/10011514156

Who cares? : corporate governance in today's equity markets

Isaksson, Mats; Çelik, Serdar - 2013

There are two main sources of confusion in the public corporate governance debate. One is the confusion about the role of public policy intervention. The other is a lack of empirical knowledge about the corporate landscape where rules are supposed to be implemented and the functioning of...

Persistent link: https://www.econbiz.de/10009775539

Firming up the capital base of the Austrian business sector : consolidating Austria's business sector strengths and its social role in the face of new challenges

Dlugosch, Dennis; Gönenç, Rauf; Kim, Eun Jung; … - 2020

performance levels. The capital structure of Austrian SMEs are biased towards debt-financing and stronger equity, growth and …

Persistent link: https://www.econbiz.de/10012203255

Short-termism, shareholder payouts, and investment in the EU

Fried, Jesse M.; Wang, Charles C. Y. - 2020

Investor-driven "short-termism" is said to harm EU public firms' ability to invest for the long term, prompting calls for the EU to better insulate managers from shareholder pressure. But the evidence offered---rising levels of repurchases and dividends---is incomplete and misleading: it ignores...

Persistent link: https://www.econbiz.de/10012511344

Liability holding companies

Admati, Anat R.; Conti-Brown, Peter; Pfleiderer, Paul - 2011

Persistent link: https://www.econbiz.de/10009504773

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

Bank credit and market-based finance for corporations : the effects of minibond issuances

Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2020

their leverage …

Persistent link: https://www.econbiz.de/10012419623

Bank credit and market-based finance for corporations : the effects of minibond issuances

Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2020

-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …

Persistent link: https://www.econbiz.de/10012390449

Leveraging SME finance through value chains in Kazakhstan

Kapparov, Kassymkhan - 2019

One of the major issues for SME development has been access to finance. This paper examines the current state of SME development and financing in Kazakhstan. It also examines the current state of the development of value chains and discusses barriers for agriculture value chain financing. The...

Persistent link: https://www.econbiz.de/10012113904