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Capital Structure Decisions, Agency Conflicts and Corporate Performance : Evidence from Sri Lankan Listed Manufacturing Firms
Vijayakumaran, Ratnam - 2015
Corporate capital structure decisions are key determinants of firm performance. The agency theory suggests that debt … leverage is non-linearly (U-shaped) related to firm performance …
Persistent link: https://www.econbiz.de/10013014658
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The Effect of Corporate Governance and Capital Structure on Firms’ Performance : Investigation on Petroleum Sector in Pakistan
Nawaz, Kamran - 2017
. The empirical results investigated that Short term debt ratio and Long term debt ratio has significantly negative …-term debt ratio and Long-term debt ratio …
Persistent link: https://www.econbiz.de/10012945321
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Capital Structure Decisions and Corporate Performance : Evidence from Chinese Listed Industrial Firms
Vijayakumaran, Ratnam - 2018
relevant to the value of the firm. More specially, the agency theory suggests that debt financing is one of the governance …. Using fixed effects regression method, the study finds that leverage is positively related to firm performance, suggesting … that debt financing now acts as a governance mechanism for Chinese listed firms to enhance their performance …
Persistent link: https://www.econbiz.de/10012921104
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On the Challenge to Competitive Authoritarianism and Political Patronage in Malaysia
Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2014
political patronage also decreased their leverage levels significantly more than other firms after the 2008 election, suggesting … that their access to debt capital had become more restricted. Moreover, this effect was mainly driven by changes in long …-term debt. These results suggest a significant negative effect on connected firms as the political status quo was challenged in …
Persistent link: https://www.econbiz.de/10010739446
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The Spillover of Privately Held Firms’ Financial Constraints : Evidence from Publicly Listed Firms’ Share Pledging Behavior
Guo, Kai - 2020
Existing research shows that privately held firms face significant financial constraints that limit their investment and growth. In this study, we show privately held firms' financial constraints also create a negative spillover on publicly listed firms due to the prevalent ownership of...
Persistent link: https://www.econbiz.de/10012829307
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COVID-19 and Corporate Finance
Pagano, Marco; Zechner, Josef - 2022
sheets and liquidity by raising funds from banks, bonds, and equity markets. While listed firms reduced their leverage …
Persistent link: https://www.econbiz.de/10013403279
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External financing and firm growth : evidence from Micro, Small, and Medium Enterprises in Iran
Cheratian, Iman; Goltabar, Saleh; Fereidouni, Hassan … - 2023
This study examines the relationship between access to finance and growth in sales for Micro, Small, and Medium Enterprises (MSMEs) in Iran. Using data from 486 firms in five provinces, our findings indicate that external financing positively impacts sales growth for MSMEs. The results suggest...
Persistent link: https://www.econbiz.de/10014245441
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EPU and SMEs' financial performance : industry vs. service sector
Orden-Cruz, Carmen; Paule-Vianez, Jessica; Cruz … - In: Journal of open innovation : technology, market, and … 10 (2024) 3, pp. 1-9
The objective of this paper is to analyze the Economic Policy Uncertainty impact on Small and Medium Enterprises' financial performance, considering the role that sector plays and firm characteristics. Thus, a data sample of 80,620 Spanish SMEs was selected for 2012-2020. Using system...
Persistent link: https://www.econbiz.de/10015071482
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Family ownership, workplace closure and the recession
Bryson, Alex; Dale-Olsen, Harald; Gulbrandsen, Trygve - 2016
Using nationally representative Norwegian data we show family-owned workplaces are less likely to close than observationally similar non-family-owned workplaces. But this changed during the Crisis when the family businesses' closure hazard soared. This hike in 2009 was not related to performance...
Persistent link: https://www.econbiz.de/10011457366
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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