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to the 2008 crisis and to determine whether the ex-ante differences in corporate financial structure had an impact on the … severity of the 2008 financial crisis in European countries. The analysis confirms a negative relationship between the … corporate debt ratio prior to the crisis and crisis-induced contractions in corporate investment and GDP. The results indicate a …
Persistent link: https://www.econbiz.de/10011551388
profitability in Singapore and Hong Kong before, during and after the global financial crisis. This paper uses the two-step system … global financial crisis than Singapore firms. Our study provides insights into the relationship between firm-specific factors …
Persistent link: https://www.econbiz.de/10014001342
Increasing attention is paid to risk management under the recent regulatory frameworks of the insurance and financial sectors. It is required by the regulator that institutions have a capital to face potential losses from their activity. This capital is usually assessed by means of risk...
Persistent link: https://www.econbiz.de/10011307189
The main objective of this study is to indicate the in uence of local macroeconomic factors, consequently GDP growth rates, the reference interest rate, industrial production growth rates, Warsaw Stock Exchange Index (WIG) returns and the volume of private equity investments, on the number of...
Persistent link: https://www.econbiz.de/10011307211
most negative result of the crash of 2008 and the persisting crisis (excess supply in markets of labor and money) is their …
Persistent link: https://www.econbiz.de/10011310238
Greek governments have supported investments to rural areas financially either by covering part of the investment and/or offering advantages with respect to interest rate loans or tax advantages. This support had been tendered either by nationally financed programs, called Development Laws, or...
Persistent link: https://www.econbiz.de/10011310253
Many managers are caught in a dilemma: between a desire to maximize the value of their companies and the demands of "stakeholder theory" to take into account the interests of all the stakeholders in a firm. The way out of the conflict lies in a new way of measuring value. The purpose of this...
Persistent link: https://www.econbiz.de/10011310268
Small businesses do not share the same financial management problems with large businesses. This paper shows that the source of the differences could be traced to several characteristics unique to small businesses. This uniqueness in turn creates a whole new set of financial management issues....
Persistent link: https://www.econbiz.de/10011310286
Small firms that do not have access to organized financial markets must often rely on secured commercial loans for their debt financing. In large firms, debt-related agency problems are often resolved through the bond pricing process in the formal debt markets. When these same debt-related...
Persistent link: https://www.econbiz.de/10011310287
The inverse association of capitalization and performance is found to hold over a broader range of firms than has been previously studied. This result is found by merging data for listed United States firms with data for listed Australian companies, which are on average much smaller than their...
Persistent link: https://www.econbiz.de/10011310288