Showing 1 - 10 of 59
This study examines capital structure of hospitality firms from a behavioral perspective based on the hubris theory that emphasizes the effect of managerial overconfidence on corporate decisions. Specifically, we investigate the relationship between manager overconfidence and financing...
Persistent link: https://www.econbiz.de/10009468142
The average investor reaction is neutral to primary offerings by firms with managerial incentives closely tied to the shareholder value. Investors react negatively (1) when there are insufficient managerial ownership stakes to deter misuse of SEO proceeds and (2) when there are negative signals...
Persistent link: https://www.econbiz.de/10009476931
Past literature attempts to resolve the issue of the motivation behind managers' choice of a given capital structure. Despite several decades of intensive research, there is still no consensus about which theory dominates capital structure decisions. The present study empirically investigates...
Persistent link: https://www.econbiz.de/10009475080
Tests of the static trade-off theory that posits that firms move towards the optimum capital structure necessitate a joint hypothesis test - whether firms adjust toward target leverage, and whether the proxy used for target leverage is the true target leverage. Prior studies use the time-series...
Persistent link: https://www.econbiz.de/10009451129
This dissertation explores different perspectives on the growth trajectory of companies spun off from publicly funded …-order interaction terms, indicate that different combinations of factors lead to company sales growth in the two national contexts …
Persistent link: https://www.econbiz.de/10009429041
Do openness and human capital accumulation promote economic growth? While intuition argues yes, the existing empirical … particular, a policy of outward orientation may or may not promote growth in specific country groups. even if geared to reducing … price distortion and increasing openness. Human capital plays a smaller role in enhancing growth through total factor …
Persistent link: https://www.econbiz.de/10009429948
weak identification. He finds a negative impact of corruption on investment and economic growth that appears to be robust …
Persistent link: https://www.econbiz.de/10009430156
The success of the yellow perch Perca flavescens aquaculture industry depends largely on increasing growth efficiency … yellow perch biology pose challenges toward these goals. 1) Yellow perch exhibit sexually dimorphic growth, detected … concurrently as the fish enter puberty, with many slower-growing males that may never achieve market size. These growth differences …
Persistent link: https://www.econbiz.de/10009431336
present study examines anthropometric indices of growth status of young children (< 6 years; n = 155), a sensitive index of … growth stunted (heightfor- age z score < –2.0), as compared to 34% in 1991 and 1992 (p < 0.001). Similarly, the prevalence of …”) increased from 2% to 17% (p < 0.001). The levels of growth retardation observed in 1995 are comparable to those seen among …
Persistent link: https://www.econbiz.de/10009431741
Surveys theories of regional growth, factor mobility, clustering, industrial restructuring, learning regions, and …
Persistent link: https://www.econbiz.de/10009432743