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Persistent link: https://www.econbiz.de/10012506599
This study examines the determinants of firm profitability for 114 firms listed on the Nigerian Stock Exchange (NSE …) from 1998 to 2012, using the system Generalized Method of Moments (GMM). The results show that lagged profitability exerts … significant positive effect on contemporaneous firm profitability. However, short-term leverage, inflation rate, interest rate and …
Persistent link: https://www.econbiz.de/10011844014
.The objective of this article is to analyze the impact of capital structure on profitability. This impact can be explained by three … profitability. The empirical analysis allowed us to distinguish three different groups of sectors: for the first group (industry …, energy and service), the capital structure has no impact on profitability. The second group, containing only the transport …
Persistent link: https://www.econbiz.de/10013097534
In this paper, we explore two of the most relevant theories that explain financial policy in small and medium enterprises (SMEs): pecking order theory and trade-off theory. The theoretical section provides an overview of contemporary theories of capital structure. According to the pecking order...
Persistent link: https://www.econbiz.de/10013061329
the firm and access to credit relies on guarantees. The relationship between corporate leverage and the profitability of …
Persistent link: https://www.econbiz.de/10010492381
What is the effect of funding costs on the conditional probability of issuing a corporate bond? We study this question in a novel dataset covering 5610 issuances by US firms over the period from 1990 to 2014. Identification of this effect is complicated because of unobserved, common shocks such...
Persistent link: https://www.econbiz.de/10011581544
We use a dynamic framework and panel methodology to investigate the determinants of a firms' time-varying capital structure. Our sample comprises 706 European firms from France, Germany, Italy and the U.K. over the period from 1983 to 2002. If capital structure adjustment is costly, firms may...
Persistent link: https://www.econbiz.de/10003666867
The capital structure decision plays an important role in the performance of a firm. Therefore, there have been many studies inspecting the rapport of capital structure with the performance of firms, although the findings of these studies are inconclusive. In addition, there is a relative...
Persistent link: https://www.econbiz.de/10011649378
impact on Bank profitability. The countries examined are: Austria, Belgium, Denmark, Finland, Germany, Ireland, Italy …
Persistent link: https://www.econbiz.de/10013135513
than borrowing) against leverage. Moreover, we observe a negative relationship between size or profitability and debt. Our …
Persistent link: https://www.econbiz.de/10011310238