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Persistent link: https://www.econbiz.de/10002244489
A theory of the potential interplay between capital structure and the ability to fund internationalization is offered …. The literature on the possible influence of financial resources on the pace of internationalization is reviewed … in Melbourne, and two in Brisbane.Interview questions focus on the motive, pattern, and pace of internationalization …
Persistent link: https://www.econbiz.de/10014201930
This paper analyzes 'globalization' as the interplay between domestic and 'foreign' economic agents that seek to break … domestic firms to exit the national 'regulatory regime'. The internationalization of the market for investment capital has made …
Persistent link: https://www.econbiz.de/10008799226
Persistent link: https://www.econbiz.de/10011824101
, passive investment, and active investment of multinational firms, using high-quality administrative data on virtually all …) variations across affiliates within the multinational group. Our results suggest that an ACE reduces the corporate debt ratio of … multinational affiliates. Additionally, an ACE increases intra-group lending and other forms of passive investment but has no …
Persistent link: https://www.econbiz.de/10010519931
Existing theories of a firm's optimal capital structure seem to fail in explaining why many healthy and profitable firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and the bankruptcy risk low. This holds in particular for...
Persistent link: https://www.econbiz.de/10011714630
Existing theories of a firm's optimal capital structure seem to fail in explaining why many healthy and profitable firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and the bankruptcy risk low. This holds in particular for...
Persistent link: https://www.econbiz.de/10011705222
Existing theories of a firm’s optimal capital structure seem to fail in explaining why many healthy and profitable firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and the bankruptcy risk low. This holds in particular for...
Persistent link: https://www.econbiz.de/10010366170
Persistent link: https://www.econbiz.de/10013459128
This paper examines the dynamics trade-off financial structure in presence of ownership dispersion of newly created firms. Our objective is to test empirically the relevance of trade-off theory regards the debt funding behavior of business start-up. We use a sample of 200 business start-ups and...
Persistent link: https://www.econbiz.de/10012588677