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Working capital management and financing decision : synergetic effect on corporate profitability

Ajibolade, Solabomi O.; Sankay, Oboh Collins - In: International journal of management, economics and … 2 (2013) 4, pp. 233-251

debt structure, and the effect of this on corporate profitability. The assumption on which the study was based is that, if … profitability but no significant relationship between firm's working capital composition and profitability. The results, however … profitability is positively affected. The study therefore recommends that, for firms to optimize profitability and to maintain good …

Persistent link: https://www.econbiz.de/10010224764

Impact of debt management on profitability of large non-financial firms in Serbia

Milošev, Ivana - In: Ekonomske teme 59 (2021) 4, pp. 461-477

Profitability is substantial for any firm to maintain business and enable long-term sustainability. Firms' decision on … new empirical evidence on the influence of debt (debt ratio and debt to equity ratio) on firm profitability (ROA), with … significant correlation and negative influence of debt ratio and capital structure on firm profitability. …

Persistent link: https://www.econbiz.de/10013266167

Does the Debt Tax Shield Distort Ownership Efficiency?

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2017

The tax laws of most developed countries are debt biased since firms can deduct interest on debt but not on equity. This bias is known to distort investment decisions. However, less is known about how the debt tax shield affects the ownership of assets when bidders differ financial expertise and...

Persistent link: https://www.econbiz.de/10014194288

Role of business age, scale & risk in debt financing choices for the Pakistani textile & apparel industry

Bashir, Zahid; Muhammad Usman Arshad; Asif, Muhammad; … - In: Financial internet quarterly 16 (2020) 3, pp. 119-136

debt financing in the textile and apparel sector of Pakistan along with other controlled factors. The textile and apparel … sector of Pakistan comprises 464 listed entities as the targeted population while the study randomly finalized 60 firms as …, tangibility, liquidity, profitability, and growth as the controlling factors. The study estimated that the choice of total …

Persistent link: https://www.econbiz.de/10012301896

An analysis of customer-based and supplier-based trade credit gaps

Luo, Haowen; Hanke, Steven A.; Hanke, Hui - In: Managerial finance 49 (2023) 8, pp. 1265-1296

Persistent link: https://www.econbiz.de/10014311553

Working capital balances and financial policy

Flannery, Mark J.; Öztekin, Özde - In: Journal of corporate finance 87 (2024), pp. 1-25

Persistent link: https://www.econbiz.de/10015070990

Corporate Finance

Gherghina, Ştefan Cristian (ed.) - 2021

This book comprises 19 papers published in the Special Issue entitled "Corporate Finance", focused on capital structure (Kedzior et al., 2020; Ntoung et al., 2020; Vintilă etal., 2019), dividend policy (Dragotă and Delcea, 2019; Pinto and Rastogi, 2019) and open-market share repurchase announcements (Ding...

Persistent link: https://www.econbiz.de/10012586568

Operating Leverage, Profitability and Capital Structure

Chen, Zhiyao - 2017

Operating leverage increases profitability and reduces optimal financial leverage. Thus, operating leverage generates a … negative relation between profitability and financial leverage that is thought to be inconsistent with the trade-off theory …, but is commonly observed in the data. We demonstrate the effect of operating leverage on firms' profitability and …

Persistent link: https://www.econbiz.de/10012974654

Financing investment: the choice between bonds and bank loans

Morellec, Erwan; Valta, Philip; Zhdanov, Alexei - 2014

We build a model of investment and financing decisions to study the choice between bonds and bank loans in a firm's marginal financing decision and its effects on corporate investment. We show that firms with more growth options, higher bargaining power in default, operating in more competitive...

Persistent link: https://www.econbiz.de/10010258730

Debt covenant renegotiation and investment

Arnold, Marc; Westermann, Ramona - 2015

This paper develops a model with the novel feature that firms can renegotiate debt both in and outside distress. We show that this feature is crucial for debt renegotiation models to explain corporate policies and debt prices. Specifically, the model reflects empirical credit spread patterns,...

Persistent link: https://www.econbiz.de/10011345070