In der deutschen Chemieindustrie ging die Zahl der Beschäftigten von 1992 bis 2004 deutlich zurück, und die durchschnittliche Unternehmensgröße sank von 824 auf 433 Beschäftigte. Die Triebfeder dieser Entwicklung war weniger die Beseitigung technischer oder organisatorischer Ineffizienzen....

This article investigates the relationship between corruption and firm performance in Greece using firm level data. Corruption is overall negatively associated with firm size and growth at the firm level. We focus on the effect of 'administrative corruption', whereby firms engage in corrupt...

In der öffentlichen Diskussion gilt als allgemein akzeptiert, dass in Deutschland ein Zusammenhang zwischen Firmengröße und Arbeitsplatzdynamik besteht, der sich durch den stilisierten Fakt beschreiben lässt, dass kleine und mittlere Firmen vorwiegend Arbeitsplätze schaffen, während in...

We investigate the determinants of capital structure of public listed companies on Bursa Malaysia, Singapore Stock Exchange and Thailand Stock Exchange from 2004 to 2013. We also investigate how firm-specific factors such as profitability, firm size, tangibility of assets and depreciation to...

We aim to investigate the sustainable growth rate that mediate the relationship between the firm specific factors and share price performance. The existing literature provides inadequate findings on the relationship between the firm specific factors and share price performance; there is an...

The issue of capital structure of companies is one of the most debated problems of financial management. According to economic theory, capital structure determines the stock market value of firms and therefore their viability, while one of the most negative result of the crash of 2008 and the...

Tax planners often choose debt over equity financing. As this has led to increased corporate debt financing, many countries have introduced thin capitalization rules to secure their tax revenues. In a general capital structure model we analyze if thin capitalization rules affect dividend and...

The small business literature frequently refers to the concept of a “finance gap” in order to explain differences in the capital structures of small and large firms. However, little evidence, if any, exists to support this “finance gap” explanation. This paper, while canvassing the...