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Alternative Corporate Governance Paradigm and Corporate Financing : Capital Structure Decisions in Employee-Governed Firms

Crnigoj, Matjaz - 2017

Assuming an alternative corporate governance paradigm that puts employees in the firm's governance structures, as well as understanding their objective functions, we investigate capital structure decisions in an employee-governed firm. Examining corporate capital structure decisions in 12...

Persistent link: https://www.econbiz.de/10012974746

The Role of Owner in Capital Structure Decisions : An Analysis of Single-Owner Corporations

Ang, James S. - 2013

This study examines the extent to which individual demographic characteristics of owners influence capital structure decisions. Using the Federal Reserve's 2003 Survey of Small Business Finances, we estimate the joint effects of traditional capital structure determinants and manager age, gender,...

Persistent link: https://www.econbiz.de/10013094332

Payoff Structure, External Corporate Governance and Financing Decision of Firms

Chang, Shih-Chung - 2018

. Contrary to the prediction of pecking order theory, it is shown that good projects should be financed with equity, to take …

Persistent link: https://www.econbiz.de/10012909239

Private Benefits and Corporate Investment and Financing Decisions : The Case of Corporate Philanthropy

Masulis, Ronald W. - 2020

activity, consistent with free cash flow agency theory. Corporate giving discourages managers from pursuing external financing …

Persistent link: https://www.econbiz.de/10012850683

Corporations

Dane, Perry - 2020

This essay on Corporations is a chapter in an upcoming volume on economic theology edited by Stefan Schwarzkopf.The secular study of corporations has long regularly focused on three sets of concerns: (1) Is the idea of corporate “personhood” only a convenient shorthand for a complex set of...

Persistent link: https://www.econbiz.de/10012850918

Chapter 4. Financing of Corporations

Myers, Stewart C. - 2003

This review evaluates the four major theories of corporate financing: (1) the Modigliani–Miller theory of capital …-structure irrelevance, in which firm values and real investment decisions are unaffected by financing; (2) the trade-off theory, in which … financing responds to managers’ personal incentives; and (4) the pecking-order theory, in which financing adapts to mitigate …

Persistent link: https://www.econbiz.de/10014023872

A Model of Shareholder Litigation as a Determinant of a Firm's Financial Policies

Talijan, Vuk - 2017

The option to file a lawsuit against an entrepreneur encourages shareholders to fund projects and to retain entrepreneurs. An entrepreneur, at risk of a lawsuit filing, may save cash as a precautionary measure. When cash accumulates and a lawsuit filing does not occur, an entrepreneur increases...

Persistent link: https://www.econbiz.de/10012968647

Residual Income, SMVA : Financial Lever of Systemic Effect and Hidden Losses of the Capital

Matyash, Irina V. - 2011

Modern institutes of the market form new factors of the global economy. Stock exchanges, other institutes of the investment market, financial Internet communications create the integrated pace of world economic system. The companies test direct influence from global information-financial space....

Persistent link: https://www.econbiz.de/10013125994

Cash holdings and financing decisions under ambiguity

Agliardi, Elettra; Agliardi, Rossella; Spanjers, Willy - 2014

This paper addresses the following unresolved questions: Why do some firms issue equity instead of debt? Why did most firms retain their cash holdings instead of distributing them as dividends in recent times? How do firms change their financing policies during a period of severe financial...

Persistent link: https://www.econbiz.de/10011715949

A capital structure & cost efficiency in selected listed financial firms in Nigeria

Ayoola, John T.; Odusina, Ayokunle O. - In: Economy, business & development : an international journal 4 (2023) 1, pp. 19-35

The study analyzed the cost effectiveness of a subset of Nigerian listed financial firms and looked at the impact of corporate governance on the subset of listed financial enterprises. Additionally, it evaluated how corporate governance affected how chosen listed financial organizations in...

Persistent link: https://www.econbiz.de/10015327240