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The Dynamics of Capital Structure : Panel Data Analysis. Evidence from New High-Tech German Firms
Bouallegui, Imen - 2010
In this research, we investigate the dynamic of the capital structure, using panel data techniques. A sample of new high-tech German firms over the period 1998-2002 is used to specifically establish the determinants of a time-varying optimal capital structure. We consider the dynamic models,...
Persistent link: https://www.econbiz.de/10014064577
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The impact of introducing an interest barrier : evidence from the German corporation tax reform 2008
Buslei, Hermann; Simmler, Martin - 2012
' capital structure, investment and profitability. The identification of the causal effects is based on the escape clauses in … stripping rule ; debt ratio ; profitability ; investment …
Persistent link: https://www.econbiz.de/10009579254
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The Effects of Short-Term Liabilities on Profitability: The Case of Germany
Baum, Christopher F.; Schäfer, Dorothea; Talavera, … - 2006
-term liabilities. We develop a structural model of a firm's value maximization problem that predicts that profitability of the firm …
Persistent link: https://www.econbiz.de/10010260991
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The impact of financial position on investment: an anlysis for non-financial corporations in the euro area
Martinez-Carrascal, Carmen; Ferrando, Annalisa - 2008
This paper analyses the impact that firms financial position has on investment decisions using panel data from a large sample of non-financial corporations(around 120,000 firms) in six euro area countries(Belgium, Germany, France, Italy, the Netherlands and Spain). The results indicate that...
Persistent link: https://www.econbiz.de/10011604989
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The Transmission of Bank Funding to Corporate Loans : Deleveraging in Germany
Fidrmuc, Jarko - 2017
Healthy banks are crucially important for smooth lending. Correspondingly, bank regulations including Basel III intend … especially during the transition period. Using data on firm-bank relationships in Germany between 2005 and 2007, we show that the … debt ratio of banks is related to the bank loan risk. In order to assess the potential effect of tighter capital …
Persistent link: https://www.econbiz.de/10012961054
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The dependency of the banks' assets and liabilities : evidence from Germany
Memmel, Christoph; Schertler, Andrea - 2009
profitability matters for the asset-liability dependency but not in the same way for all three sectors. Asset-liability dependency …
Persistent link: https://www.econbiz.de/10003891984
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Leveraging and risk taking within the German banking system : evidence from the financial crisis in 2007 and 2008
Schmielewski, Frank - 2012
The present study is centered primarily on determining whether the German banking system is to be characterized by procyclical behavior from 2000 to 2011 and to what extent specific sectors of the German banking system showed significant balance sheet operations to increase their leverage within...
Persistent link: https://www.econbiz.de/10009419529
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How Do Banks Adjust Their Capital Ratios?
Memmel, Christoph - 2010
estimate the target level and the adjustment speed of the capital ratio for each bank separately. There exists a target level …-sectional variation of bank capital …
Persistent link: https://www.econbiz.de/10013139270
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How Do Banks Adjust Their Capital Ratios? Evidence from Germany
Memmel, Christoph - 2016
subset of large German banks, we estimate the target level and the adjustment speed of the capital ratio for each bank …
Persistent link: https://www.econbiz.de/10012989296
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Corporate Debt and Financial Balance Sheet Adjustment : A Comparison of the United States, the United Kingdom, France and Germany
Gibbard, Peter; Stevens, Ibrahim - 2007
The level of UK corporate debt directly affects financial stability in the United Kingdom because a significant amount of the exposure of the UK financial system is to UK corporates. Our paper provides a comparison of the determinants of corporate debt in the United States, the United Kingdom,...
Persistent link: https://www.econbiz.de/10014052546