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The impact of capital structure on bank profitability : evidence from Vietnam
Nam Hai Pham; Tri Hoang; Nhung Thi Hong Pham - In: Cogent business & management 9 (2022) 1, pp. 1-25
The purpose of this research is to determine the effect of capital structure on the profitability of Vietnamese … commercial banks. Specifically, it investigates the relationship between capital structure and profitability using an imbalanced … Vietnamese commercial banks, indicate that customer deposits have a negative effect on bank profitability, whereas non …
Persistent link: https://www.econbiz.de/10014432222
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The impact of introducing an interest barrier : evidence from the German corporation tax reform 2008
Buslei, Hermann; Simmler, Martin - 2012
' capital structure, investment and profitability. The identification of the causal effects is based on the escape clauses in … stripping rule ; debt ratio ; profitability ; investment …
Persistent link: https://www.econbiz.de/10009579254
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Systematic risk, debt maturity and the term structure of credit spreads
Chen, Hui; Xu, Yu; Yang, Jun - 2012
We build a dynamic capital structure model to study the link between systematic risk exposure and debt maturity, as well as their joint impact on the term structure of credit spreads. Our model allows for time variation and lumpiness in the maturity structure. Relative to short-term debt,...
Persistent link: https://www.econbiz.de/10009583690
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Flexible Prices and Leverage
D'Acunto, Francesco - 2017
The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...
Persistent link: https://www.econbiz.de/10012962123
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Capital Structure Instability
DeAngelo, Harry - 2017
This paper provides a compact summary of the evidence on capital structure instability and a case-based exploratory investigation of sources of such instability. Substantial instability in capital structure is the norm at publicly held nonfinancial firms. Firm-specific episodes of leverage...
Persistent link: https://www.econbiz.de/10012962774
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How Does Labor Market Size Affect Firm Capital Structure? Evidence from Large Plant Openings
Kim, Hyunseob - 2019
I examine how the labor market in which firms operate affects their capital structure decisions. Based on US Census Bureau data and information on companies' decisions to locate their new operations, I use a large plant opening as an abrupt increase in the size of a local labor market. I find...
Persistent link: https://www.econbiz.de/10012905528
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Variance Risk Premia and Capital Structure
Lotfaliei, Babak - 2018
This paper shows that the optimal leverage decreases with asset volatility risk in a trade-off framework. Thus, the paper relates the asset volatility risk premium to the underleverage puzzle. In models without volatility risk, the paper empirically documents that underleverage increases with...
Persistent link: https://www.econbiz.de/10012938616
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Flexible Prices and Leverage
D'Acunto, Francesco - 2017
The frequency with which firms adjust output prices is an important determinant of persistent differences in capital structure across firms. The most flexible-price firms have a 19% higher long-term financial leverage ratio than the most sticky-price firms, controlling for known determinants of...
Persistent link: https://www.econbiz.de/10012970598
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The relevance of financial and economic factors for determining banking risk across Europe
Karkowska, Renata - 2017
The goal of this study is to identify empirically how country-level development, taking into account the financial and macroeconomic environment, affect the risk profiles of the banking sector in Europe. Through a dataset that covers 3,399 European banks spanning the period 1996-2011, and the...
Persistent link: https://www.econbiz.de/10011760927
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Flexible Prices and Leverage
D'Acunto, Francesco - 2017
The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most flexible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...
Persistent link: https://www.econbiz.de/10012965286