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We use a dynamic framework and panel methodology to investigate the determinants of a firms' time-varying capital …
Persistent link: https://www.econbiz.de/10003666867
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
In this research, we investigate the dynamic of the capital structure, using panel data techniques. A sample of new … structure has been extended to new high-tech firms with the use of many techniques of panel data. Confirming the pecking order … ratio of non-debt tax shield. Finally, estimating a dynamic panel data model, we find that new high-tech German firms adjust …
Persistent link: https://www.econbiz.de/10014064577
This paper examines the impact of real estate prices on firm capital structure decisions. For a typical US listed company, a one standard deviation increase in predicted value of firm pledgeable collateral translates into a 3 percentage points increase in firm market leverage ratio. The...
Persistent link: https://www.econbiz.de/10013064464
employment performance than non-family controlled companies. Therefore, this study applies a treatment model for panel data using …
Persistent link: https://www.econbiz.de/10011701329
Birth rates differ strongly across European states, https://madoc.bib.uni-mannheim.de/55902despite the deep economic harmonisation process related to European integration. This study uses large scale administrative data from France and Germany to analyse and directly compare fertility patterns...
Persistent link: https://www.econbiz.de/10012222196
informationally opaque. The application of a non-linear panel threshold model makes it possible to group firms endogenously according … measures of solvency are used as potential threshold variables. The firm-level panel dataset covers the period between 2006 and …
Persistent link: https://www.econbiz.de/10010425733
We estimate the impact of effective profit taxation on the financial leverage of corporations on the basis of a pseudo-panel …
Persistent link: https://www.econbiz.de/10013134555
process. We also augment our empirical models to test the pecking order theory. Using appropriate and advanced dynamic panel …
Persistent link: https://www.econbiz.de/10013107613
Because the personal tax treatments of interest and dividend income likely affect the relative cost of debt and equity financing, a sharp change in tax treatment could affect firms' optimal leverage. This paper examines the effect of the 2003 equity income tax cut on firms' debt usage. Because...
Persistent link: https://www.econbiz.de/10013066424