the equilibrium debt-capital-ratio are also analysed. It is shown, that the effects of interest variations on the … interest rate and the debt-capital-ratio. If the conditions for short-run "normal" effects of interest rate variations are … given, the economy will be characterised by a long-run unstable debt-capital-ratio and by the macroeconomic "paradox of debt …

capital raising in international markets is related to firms´ ability to react to financial shocks. I provide a complete … financing behavior. Firms that raise capital internationally have a lower correlation with the local GDP growth, and grow more … highly dependent on the determinants of the issuance decision. The descriptive analysis show that international capital …

The purpose of this work is to empirically assess the validity of the Capital Asset Pricing Model (CAPM) in terms of …