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Corporate capital structure decisions are key determinants of firm performance. The agency theory suggests that debt … leverage is non-linearly (U-shaped) related to firm performance …
Persistent link: https://www.econbiz.de/10013014658
. The empirical results investigated that Short term debt ratio and Long term debt ratio has significantly negative …-term debt ratio and Long-term debt ratio …
Persistent link: https://www.econbiz.de/10012945321
relevant to the value of the firm. More specially, the agency theory suggests that debt financing is one of the governance …. Using fixed effects regression method, the study finds that leverage is positively related to firm performance, suggesting … that debt financing now acts as a governance mechanism for Chinese listed firms to enhance their performance …
Persistent link: https://www.econbiz.de/10012921104
Existing research shows that privately held firms face significant financial constraints that limit their investment and growth. In this study, we show privately held firms' financial constraints also create a negative spillover on publicly listed firms due to the prevalent ownership of...
Persistent link: https://www.econbiz.de/10012829307
sheets and liquidity by raising funds from banks, bonds, and equity markets. While listed firms reduced their leverage …
Persistent link: https://www.econbiz.de/10013403279
This study examines the relationship between access to finance and growth in sales for Micro, Small, and Medium Enterprises (MSMEs) in Iran. Using data from 486 firms in five provinces, our findings indicate that external financing positively impacts sales growth for MSMEs. The results suggest...
Persistent link: https://www.econbiz.de/10014245441
The objective of this paper is to analyze the Economic Policy Uncertainty impact on Small and Medium Enterprises' financial performance, considering the role that sector plays and firm characteristics. Thus, a data sample of 80,620 Spanish SMEs was selected for 2012-2020. Using system...
Persistent link: https://www.econbiz.de/10015071482
Using nationally representative Norwegian data we show family-owned workplaces are less likely to close than observationally similar non-family-owned workplaces. But this changed during the Crisis when the family businesses' closure hazard soared. This hike in 2009 was not related to performance...
Persistent link: https://www.econbiz.de/10011457366
We study the leverage of U.S. firms over their life cycles and the connection between firm leverage, firm growth, and ….S. Census Bureau’s Longitudinal Business Database for the period 2005–12. Public and private firms exhibit different leverage … dynamics over their life cycles. Firm age and size are systematically related to leverage for private firms but not for public …
Persistent link: https://www.econbiz.de/10012063843
analyzed period, 2000-2016, covers a cycle with significant changes in the Romanian economy. Our results showed that leverage … is positively correlated with the size of the company and the share price volatility. On the other hand, the debt …
Persistent link: https://www.econbiz.de/10011883275