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
green power through 2015 that were made using historical data and three scenarios: low-growth, high-growth, and negative … results of this forecast, including uncertainties related to growth assumptions, the impacts that policy may have on the …
Persistent link: https://www.econbiz.de/10009436919
early growth of the Internet are expected to be informative and pertinent. …
Persistent link: https://www.econbiz.de/10009437326
suggests that state policy will continue to drive even faster growth over the next decade. Federal policy has also played a …
Persistent link: https://www.econbiz.de/10009437329
growth, shocking the world as they emerged as “Baltic Tigers” at the turn of the century. Russia adopted a flat tax regime in … of the flat tax rate on the Baltic countries’ economic growth remains debated.Though there is clearly timing a … correlation between the Baltic States’ economic  growth and the implementation of the flat tax, the current economic analysis on …
Persistent link: https://www.econbiz.de/10009438702
capable of performing human work skills. The basic model, with a single sector and homogeneous labor, projects output growth … rates over the next few decades that are substantially above historical growth rates in industrialized countries, assuming … plausible increases in computer skill. The projected output growth is accompanied by structural changes reflecting the reduced …
Persistent link: https://www.econbiz.de/10009441014
’s subsequent growth performance. We employ threshold regression techniques on five crisis indicators commonly used in the … literature, to identify the relevant “crisis values” and to estimate the differential postliberalisation growth effects in the … crisis and non-crisis regimes. We find that the magnitude of the acceleration in postliberalisation growth depends on the …
Persistent link: https://www.econbiz.de/10009441623