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The Asymmetry Between Growth Opportunities and Debt Maturity Structure
Alhudhaif, Eyad - 2021
Using the recent public health pandemic (COVID-19) as a laboratory experiment, I find evidence of an asymmetrical relation between a firm's debt maturity structure choice and its growth opportunities. Firms with high pre-pandemic exposure to growth-inducing factors obtained from 10-K filings...
Persistent link: https://www.econbiz.de/10013214384
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Creative Destruction and the Bright Side of Economic Downturns
Amini, Shahram - 2020
We find that business cycles drive productive economic churn. During recessions, firms with high previous abnormal investment scale back while firms with low abnormal investment scale up. These findings are consistent with an improvement in investment efficiency over the business cycle. Our...
Persistent link: https://www.econbiz.de/10012831552
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The nexus of banks' competition, ownership structure, and economic growth on credit risk and financial stability
Halim, Md Abdul; Moudud-Ul-Huq, Syed; Sobhani, Farid Ahammad - In: Economies : open access journal 11 (2023) 8, pp. 1-18
finding of the square measure of competition is supported by competition stability theory. However, this study also proved …The main object of this research is to find out the nexus of banks' competition, ownership structure, and economic …; nevertheless, it proves an insignificant effect among them. It also shows that the lower the level of bank competition, the lower …
Persistent link: https://www.econbiz.de/10014343195
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How does ownership influence business growth? : a competitive dynamics perspective
Yang, Wei; Meyer, Klaus - In: International business review : the official journal of … 28 (2019) 5, pp. 1-12
Persistent link: https://www.econbiz.de/10012101917
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Making stock markets work to support economic growth : implications for governments, regulators, stock exchanges, corporate issuers and their investors
Weild, David; Kim, Edward; Newport, Lisa - 2013
This study provides critical observations on the state of key global equity markets as recent developments have put into question their efficiency and effectiveness in facilitating capital formation. It covers the top 26 initial public offering (IPO) producing nations, with a particular focus on...
Persistent link: https://www.econbiz.de/10009775530
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Financing patterns, debt maturity and growth : evidence from East Asia and the GCC countries
Bahlous, Mejda; Rosylin Mohd. Yusof - In: Journal of applied finance & banking 2 (2012) 3, pp. 199-236
The primary goal of this paper is to quantify the impact of financing constraints on corporate growth. For this, we use a sample of 1588 firms from the GCC and East Asia during the period 1999-2007. Specifically, we examine the relationships between growth and (1) the availability of internal...
Persistent link: https://www.econbiz.de/10009565275
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Credit Constraints, Firms Investment and Growth Evidence from Survey Data
Garcia-Posada, Miguel - 2018
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a large panel of small and medium-sized enterprises from 12 European countries for the period 2014-2016. The data come from the Survey on the access to finance of enterprises...
Persistent link: https://www.econbiz.de/10012926939
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Credit Constraints, Firm Investment and Growth : Evidence from Survey Data
Garcia-Posada, Miguel - 2017
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a large panel of small and medium-sized enterprises from 12 European countries for the period 2014-2016. The data come from the Survey on the access to finance of enterprises...
Persistent link: https://www.econbiz.de/10012955240
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The Impact of CEO Long-Term Equity-Based Compensation Incentives on Economic Growth in Collectivist Versus Individualist Countries
Campbell, Cynthia J. - 2016
This study examines the impact of the prevalence of long-term equity-based CEO compensation incentives on GDP growth, and we address the moderating role of individualist versus collectivist cultures on this relationship. We argue long-term incentives given to CEOs in some firms may convey to...
Persistent link: https://www.econbiz.de/10013003305
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Small Growth and Distress Returns : Two Sides of the Same Coin?
Bhamra, Harjoat Singh - 2016
We propose a unified explanation for two seemingly disparate empirical findings: the negative abnormal returns of distressed stocks, and of small growth stocks. Based on a counterintuitive result relating option prices to jump risk (Merton 76), we show via an investment valuation model that...
Persistent link: https://www.econbiz.de/10013007036