Showing 1 - 10 of 12,874
The relationship between financial leverage and firm performance is studied in this paper. Financial leverage can positively influence firm performance because leverage can be treated as a tool for disciplining management. The results for a large sample of Russian joint-stock companies over the...
Persistent link: https://www.econbiz.de/10012971928
) non-financial firms in Thailand during the global financial crisis of 2007-2009. We find that leverage is negatively …
Persistent link: https://www.econbiz.de/10013034177
The relationship between financial leverage and firm performance is studied in this paper. Financial leverage can positively influence firm performance because leverage can be treated as a tool for disciplining management. As such a positive relationship between financial leverage and firm...
Persistent link: https://www.econbiz.de/10014118575
Persistent link: https://www.econbiz.de/10011539502
This paper introduces a dynamic general equilibrium model to study how the distribution of leverage and foreclosure affect house prices.The model shows how foreclosure sales, through their effect on housing supply, amplify and propagate house price drops. A calibration shows consumption and...
Persistent link: https://www.econbiz.de/10012972483
Exchange and Thailand Stock Exchange from 2004 to 2013. We also investigate how firm-specific factors such as profitability … Singapore but insignificant for Thailand. While, firm size has a significant positive influence on capital structure for all … Malaysia and Singapore while insignificant for Thailand. The depreciation to total assets indicates a negative influence on …
Persistent link: https://www.econbiz.de/10011887563
We investigate the link between firm size and risk-taking among financial institutions during the period of 1998-2008 and make three contributions. First, size is positively correlated with risk-taking measures even when controlling for other observable firm characteristics. This is consistent...
Persistent link: https://www.econbiz.de/10012940151
The aim of this study is to empirically investigate the role of firm- industry-, institutional-, and macroeconomic-factors on a firm's capital structure decision in the context of nine African countries. To this end, we consider a sample of 986 non-financial firms over a period of 10 years...
Persistent link: https://www.econbiz.de/10013113804
We develop a dynamic investment options framework with optimal capital structure and analyze the effect of debt maturity. We find that in the absence of financing constraints short-term debt maximizes firm value. In contrast with most literature results, in the absence of constraints, higher...
Persistent link: https://www.econbiz.de/10011716006
This work analyses the main trends in bond financing by Italian non-financial firms and its role in relation to bank credit across different economic phases. The first part of the analysis refers to the 2008-2019 period, characterized by both crisis and recovery episodes, while the second part...
Persistent link: https://www.econbiz.de/10013305717