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Financial constraints and firm capital structure in Kenya
Kirui, Benard Kipyegon; Gor, Seth Omondi - 2018
model and produced results that are consistent with pecking order prediction. Financing behavior varies with financial …
Persistent link: https://www.econbiz.de/10011771645
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Do Investment-Cash Flow Sensitivities Measure Financial Constraints? New Evidence from Unpacking the Black Box
Peeters, Ludo - 2010
, our aim is to shed a new light on this relationship. It is argued that a firm's observed investment and financing …
Persistent link: https://www.econbiz.de/10013144257
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Seeking q : The Marginal Efficiency of Liquidity and Its Effect on Investment Financing and Valuation
Copeland, Thomas E. - 2016
financing decisions can be obtained. Specifically, we focus on how firms finance -- and profit from -- investment projects for …
Persistent link: https://www.econbiz.de/10013006863
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Contingent Capital, Capital Structure and Investment
Tan, Yingxian - 2015
We examine the interaction between investment and financing policies in a dynamic model for a firm with existing assets …
Persistent link: https://www.econbiz.de/10013028117
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How do taxes affect investment when firms face financial constraints?
Simmler, Martin - 2012
This study uses a switching regression framework with known sample separation to analyze the effects of corporate income taxation on investment in case of binding and non-binding financial constraints. By employing two different sample splitting criteria, payout behavior and the ratio of...
Persistent link: https://www.econbiz.de/10009580110
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Debt Maturity Choices, Multi-Stage Investments and Financing Constraints
Agliardi, Elettra - 2014
maturity. We find that in the absence of financing constraints short-term debt maximizes firm value. In contrast with most … of non-negative equity net worth or debt financing constraints and firms behave more conservatively in the use of initial … financing constraints higher volatility may enhance firm value for firms with relatively low revenue that have out …
Persistent link: https://www.econbiz.de/10013043935
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Debt maturity choices, multi-stage investments and financing constraints
Agliardi, Elettra; Koussis, Nicos - 2014
maturity. We find that in the absence of financing constraints short-term debt maximizes firm value. In contrast with most … of non-negative equity net worth or debt financing constraints and firms behave more conservatively in the use of initial … financing constraints higher volatility may enhance firm value for firms with relatively low revenue that have out …
Persistent link: https://www.econbiz.de/10011716006
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The impact of managerial shareholding and financial constraints on investment decisions
Tariq, Muneezay; Mumtaz, Muhammad Zubair; Afgan, Nouman - In: The Lahore journal of business 12 (2024) 1, pp. 65-90
Agency conflicts arising from asymmetric information between insiders and outsiders affect company investment decisions in imperfect capital markets. This study examines the influence of managerial shareholding and financial constraints on investment choices. Utilizing panel data from 60...
Persistent link: https://www.econbiz.de/10015444206
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Investment Decisions by European Firms and Financing Constraints
Mercatanti, Andrea - 2017
We reinvestigate the question of whether corporate investment during the financial crisis depended to a significant extent, and differently than in the pre-crisis period, on firms' short-term liquidity and indebtedness. Using data on listed firms in the euro area and the United Kingdom, we...
Persistent link: https://www.econbiz.de/10012944006
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Collateral damaged? : priority structure, credit supply, and firm performance
Cerqueiro, Geraldo; Ongena, Steven; Roszbach, Kasper - 2019
A unique legal reform in 2004 in Sweden redistributed collateral rights from banks holding floating liens to unsecured creditors without changing the value of assets on firms' balance sheets. Using a country-wide panel of all incorporated firms, we document that a zero-sum redistribution of...
Persistent link: https://www.econbiz.de/10012115121