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Capital structure of small companies in the Spanish footwear sector: Relevant factors
Acedo-Ramírez, Miguel A.; Ayala-Calvo, Juan C.; … - In: SERIEs - Journal of the Spanish Economic Association 4 (2013) 2, pp. 155-173
relationship with non-debt tax shield and direct relationship with investment in fixed assets, supporting the trade-off theory … positive. This is not surprising due to the need to finance these investment opportunities with debt, because rapidly growing …
Persistent link: https://www.econbiz.de/10010317086
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Monetary policy, cash flow and corporate investment: Empirical evidence from Vietnam
In: Journal of Risk and Financial Management 12 (2019) 1, pp. 1-14
factors (mainly, cash flows and other controlling variables) on corporate investment. By employing system-GMM estimation for … borrowing activities but also results in more corporate investment activities over the period from 2006 to 2016. Noticeably, the … internal cash flow is also significant factor, which enhances the activities of corporate investment. Finally, there are …
Persistent link: https://www.econbiz.de/10012611152
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Tax-Optimal Step-Up and Imperfect Loss Offset
Diller, Markus - In: BuR - Business Research 5 (2012) 1, pp. 8-23
In the field of mergers and acquisitions, German and international tax law allow for several opportunities to step up a firm's assets, i.e., to revaluate the assets at fair market values. When a step-up is performed the taxpayer recognizes a taxable gain, but also obtains tax benefits in the...
Persistent link: https://www.econbiz.de/10010421367
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Distances and Small Business Credit Constraints: The French case
Kooli, Salima Djedidi - In: International Journal of Economic Sciences and Applied … 5 (2012) 3, pp. 81-114
French data suggest that (i) increased functional distance induces an increase of the investment cash flow sensitivity … constraints is non linear with an investment-cash flow relationship supposed to be increasing for low levels of operational …
Persistent link: https://www.econbiz.de/10011310236
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The role of accounting accruals for the prediction of future cash flows: Evidence from Spain
Arnedo, Laura; Lizarraga, Fermín; Sánchez, Santiago - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 4, pp. 499-520
The aim of this study is to determine whether accruals have information value beyond that provided by isolated current cash flows for the prediction of future cash flows. Using a sample of 4,397 Spanish companies (mostly privately held), we estimate in-sample regressions of future cash flows on...
Persistent link: https://www.econbiz.de/10010331089
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Impact of CEO's characteristics on investment decisions of Indian listed firms: Does crisis make any difference?
Gupta, Gaurav; Mahakud, Jitendra; Debata, Byomakesh - In: Cogent Economics & Finance 6 (2018) 1, pp. 1-15
's) personal characteristics like age, tenure, education, and career experience in the determination of investment decisions of the … results reveal a negative relation between CEO's age and corporate investment. CEO's financial education is positively … associated with investment decisions. The investment cash flow sensitiv- ity analysis posits that CEO's age and financial …
Persistent link: https://www.econbiz.de/10011988832
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Share Buybacks and Employee Stock Options
Hohaus, Bolko - In: CESifo Forum 16 (2015) 4, pp. 79-81
Persistent link: https://www.econbiz.de/10011696200
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Credits and Bank Guarantee Letters in Entrepreneurship Development During Crisis
Ilie, Dragoş - In: Amfiteatru Economic Journal 17 (2015) 38, pp. 212-227
When the credit crisis started in 2008, a total of 67 entrepreneurs sought advice with the European Centre of Managerial Studies in Business Administration of the Spiru Haret University in Bucharest in order to find alternatives to finance classic loans that could enable them perform their...
Persistent link: https://www.econbiz.de/10011724938
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El flujo de caja como determinante de la estructura financiera de las empresas españolas: Un análisis en tiempos de crisis
Rodríguez-Masero, Natividad; López-Manjón, Jesús D. - In: Revista de Métodos Cuantitativos para la Economía y … 21 (2016), pp. 141-159
This paper proposes the use of the Cash Flow from Operations (CFO) obtained from Cash Flow Statement (CFS) as a factor with significant impact on the financial structure of the Spanish firms in a period (2008-2012) that was characterized by dificulties in business finance. In the previous...
Persistent link: https://www.econbiz.de/10011787584
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The Determinants of Cash Conversion Cycle and Firm Performance: An Empirical Research for Borsa Istanbul Turkey
Doğan, Mesut; Kevser, Mustafa - In: Management and Economics Review 5 (2020) 2, pp. 197-206
The ultimate goal of firms is to make a profit and to achieve this ultimate goal, firms execute various functions. Finance is one of the basic functions of firms and firms need financial instruments such as cash reserve and outsource to carry out their activities. Cash management within the...
Persistent link: https://www.econbiz.de/10012431553