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The paper examines whether firms are able to use acquisitions to ease their financial constraints. The results show that acquisitions do ease financing constraints for constrained acquirers. Relative to unconstrained acquires, financially constrained firms are more likely to use undervalued...
Persistent link: https://www.econbiz.de/10012938513
The paper examines whether financially constrained firms are able to use acquisitions to ease their constraints. The results show that acquisitions do ease financing constraints for constrained acquirers. Relative to unconstrained acquires, financially constrained firms are more likely to use...
Persistent link: https://www.econbiz.de/10012016094
Persistent link: https://www.econbiz.de/10012920323
Companies today, in particular banks, insurance companies and other financial institutions, increasingly operate their businesses in a group structure. These financial groups have a growing presence in markets worldwide and the economy as a whole. To do business effectively and efficiently in...
Persistent link: https://www.econbiz.de/10011582219
The paper examines the connection between the top management team determinants and corporate governance in Saudi Arabia … management team have significantly association to the financial performance of the Saudi listed firms. Further analyses found … that board size, general experience of top management have a negative association with corporate performance. On contrary …
Persistent link: https://www.econbiz.de/10014443937
This paper evaluates the importance of building a composite metric of financial soundness for the private corporate sector in Colombia. Instead of relying on the individual and sometimes restrictive financial ratio analysis approach, the purpose of this document is to provide a single metric...
Persistent link: https://www.econbiz.de/10011279762
This paper studies the association between a country's level of financial development and firms' employment growth. We employ an incomplete contract model for evaluating this association. The model proposes that a high level of financial development affects the employment of firms with low...
Persistent link: https://www.econbiz.de/10010361348
The paper is about strength of Islamic financial system. It is based on real study of some failed Islamic financial institutions. The study of causes of the failure reveals the real problem behind the failure. It suggests the areas to overcome to save failures
Persistent link: https://www.econbiz.de/10013075200
We estimate firms' cash flow sensitivity of cash to empirically test how the financial system's structure and activity level influence their financial constraints. For this purpose we merge Almeida, Campello and Weisbach (2004), a pathbreaking new design for evaluating a firm's financial...
Persistent link: https://www.econbiz.de/10013158261
We explore the effect of financial development on corporate capital structure and the tightness of financial constraints that firms face. We employ an econometric technique which allows us to explicitly test for convergence in capital structure. This technique increases the power of our...
Persistent link: https://www.econbiz.de/10013008676