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Overinvestment, leverage and financial system liquidity: A challenging approach

López-de-Foronda, Óscar; López-de-Silanes, Florencio; … - In: BRQ Business Research Quarterly 22 (2019) 2, pp. 96-104

The aim of this paper is to analyse the influence of financial system liquidity and corporate leverage on a firm's overinvestment. We posit that when external funds are easily available, as in expansionary monetary periods, debt loses its traditional role as a managerial control mechanism....

Persistent link: https://www.econbiz.de/10013327670

Impact of learning through credit and value creation on the efficiency of Japanese commercial banks

Aduba, Joseph-Junior; Izawa, Hiroshi - In: Financial Innovation 7 (2021) 1, pp. 1-37

learning significantly improves the cost efficiency gain in the gross value created, total credit created, and investment …

Persistent link: https://www.econbiz.de/10012602938

Limiting factors for the development of the Serbian hospitality industry

Kosar, Nikolina; Masic, Sasa; Barjaktarovic, Lidija; … - In: UTMS Journal of Economics 7 (2016) 2, pp. 235-248

Heterogeneity and complexity determine multidisciplinary approach to the hospitality research. Identification and analysis of limited hospitality development factors imply very complex scientific approach. Case study methodology is applied on Republic of Serbia, which is transition country and...

Persistent link: https://www.econbiz.de/10011787189

Financial and sporting performance in French football Ligue 1: Influence on the players' market

Andreff, Wladimir - In: International Journal of Financial Studies 6 (2018) 4, pp. 1-17

Despite the globalisation of European soccer, each professional league exhibits specificities. French Ligue 1 sometimes contends with the trading-off of financial performance against sporting performance of its teams in European soccer competitions, and its inner auditing body, the Direction...

Persistent link: https://www.econbiz.de/10011996146

The Capital Structure Theory and its Practical Implications for Firm Financial Management in Central and Eastern Europe

Rizov, Marian - In: EMERGO Journal of Transforming Economies and Societies 8 (2001) 4, pp. 74-86

The paper reviews and interprets capital structure theory in a stylized way and explains the conceptual issues, consequences, and implications for financial management. Firms face an uncertain world that does not co-operate with many of the assumptions of the theory. Specific attention is paid...

Persistent link: https://www.econbiz.de/10011912105

Determinants and predictive powers of bankruptcy models for firms in Korea and the U.S.

Kim, Jounghyeon - In: Global Business & Finance Review (GBFR) 21 (2016) 2, pp. 65-85

Persistent link: https://www.econbiz.de/10012286609

Workforce size adjustment as a strategic response to exchange rate shocks: A strategy tripod application to Chinese firms

He, Xinming; Rizov, Marian; Zhang, Xufei - In: Journal of Business Research 138 (2021), pp. 203–213

How firms use workforce size adjustment as a strategic response to external shocks such as exchange-rate fluctuations is an important but not yet fully understood topic. To address the void in the literature, we apply the strategy tripod theoretical framework, which sees the external shocks as...

Persistent link: https://www.econbiz.de/10012626985

The investment behaviour of dairy farms in transition economies

Fertő, Imre; Bojnec, Štefan; Fogarasi, József; … - In: Baltic Journal of Economics 21 (2021) 1, pp. 60-84

This article investigates dairy farm investment behaviour and the presence of soft budget constraints in the dairy … accountancy panel data for the years 2007-2015. The empirical results confirm that gross dairy farm investment is positively … associated with gross dairy farm investment for the previous year for financially unconstrained dairy farms, and negatively for …

Persistent link: https://www.econbiz.de/10013470755

Verbessern Internet-Kreditmärkte den Kreditzugang für Unternehmerinnen?

Barasinska, Nataliya; Schäfer, Dorothea - In: DIW Wochenbericht 77 (2010) 31, pp. 2-7

Unternehmerinnen und Gründerinnen sind eine Minderheit unter den Geschäftskunden einer Bank. Wissenschaftliche Studien über traditionelle Kreditmärkte zeigen für Unternehmerinnen oft eine im Vergleich zu Unternehmern geringere Wahrscheinlichkeit für eine Kreditzusage oder höhere...

Persistent link: https://www.econbiz.de/10011602210

Investment cash flow sensitivity under managerial optimism: New evidence from NYSE panel data firms

Ben Mohamed, Ezzeddine; Fairchild, Richard; Bouri, … - In: Journal of Economics, Finance and Administrative Science 19 (2014) 36, pp. 11-18

Investment cash flow sensitivity constitutes one important block of the corporate financial literature. While it is … the investment cash flow sensitivity among panel data of American industrial firms during 1999-2010. Using Q-model of … investment (Tobin, 1969), we construct and introduce a proxy of managerial optimism following Malmendier and Tate (2005a) to show …

Persistent link: https://www.econbiz.de/10011859358