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Entrepreneur's Wealth, Firm Performance and Cost of Capital : A Bayesian Approach to the Capital Structure of Entrepreneurial Ventures

Moro, Andrea - 2016

We model theoretically the optimal capital structure of entrepreneurial firm relying on an endogenous estimation of the return requested by entrepreneurs that compensates for the risk they incur in case of bankruptcy. We estimate the probability according to the Bayesian approach. We also...

Persistent link: https://www.econbiz.de/10013008393

How does excess cash affect corporate financial performance?

Kalash, Ismail - In: Journal of applied accounting research 25 (2024) 5, pp. 1223-1243

Persistent link: https://www.econbiz.de/10015418725

Firm Performance and Hedging Business Risk

Pandher, Gurupdesh S. - 2019

This research focuses on the ultimate impact of hedging effectiveness on firm performance. Successful risk management … quarterly earnings per share). We empirically estimate the hedging profile of 5,586 non-financial firms (spanning 25 industries … and other firm characteristics – identifies the impact of the firm's hedging profile on firm performance. We find a strong …

Persistent link: https://www.econbiz.de/10012892411

Real Implications of Corporate Risk Management : Review of Main Results and New Evidence From a Different Methodology

Dionne, Georges - 2020

performance using a new dataset on the hedging activities of U.S. oil producers. In light of the controversial results in the … literature, this paper estimates the hedging premium question for ﬁrms by using a more robust econometric methodology, namely … extensive hedging activities tend to have higher marginal ﬁrm value and higher marginal risk reduction and realize stronger …

Persistent link: https://www.econbiz.de/10012851613

Dynamic risk management : investment, capital structure, and hedging in the presence of financial frictions

Léautier, Thomas-Olivier; Amaya, Diego; Gauthiery, … - 2012

Persistent link: https://www.econbiz.de/10009669629

Dynamic risk management : investment, capital structure, and hedging in the presence of financial frictions

Amaya, Diego; Gauthier, Geneviève; Léautier, … - In: The journal of risk and insurance : the journal of the … 82 (2015) 2, pp. 359-399

Persistent link: https://www.econbiz.de/10011392996

Impacts of capital structure on performance of banks in a developing economy : evidence from Bangladesh

Siddik, Md. Nur Alam; Kabiraj, Sajal; Joghee, Shanmugan - In: International Journal of Financial Studies : open … 5 (2017) 2, pp. 1-18

The capital structure decision plays an important role in the performance of a firm. Therefore, there have been many studies inspecting the rapport of capital structure with the performance of firms, although the findings of these studies are inconclusive. In addition, there is a relative...

Persistent link: https://www.econbiz.de/10011649378

National culture and firm financial performance : a mediating role of firm financing decision

Farooq, Umar; Ahmed, Jaleel; Ashfaq, Khurram; Khan, … - In: Cogent business & management 7 (2020) 1, pp. 1-21

This study unfolds the role of national culture in determining the firm financial performance through channel of corporate financial policy. Sample size consists of 7623 non-financial sector firms from 13 Asian economies and fixed-effect model applies to estimates the regression. As the findings...

Persistent link: https://www.econbiz.de/10012655124

Organization Capital and the Cost of Equity Financing in Medium-Sized Manufacturing Firms

Attig, Najah - 2017

We examine the effects of organization capital — evident in management quality practices — on firms' implied cost of equity. We show that superior management practices decrease firms' cost of equity capital. This novel finding, robust to a battery of sensitivity analyses and to endogeneity...

Persistent link: https://www.econbiz.de/10012956213

The Effects of Corporate Social Performance on the Cost of Corporate Debt and Credit Ratings

Oikonomou, Ioannis - 2011

This study investigates the differential impact that various dimensions of corporate social performance have on the pricing of corporate debt as well as the assessment of the credit quality of specific bond issues. The empirical analysis, based on an extensive longitudinal dataset, suggests that...

Persistent link: https://www.econbiz.de/10013119586