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Fahn, Matthias; Merlo, Valeria; Wamser, Georg - 2014

theory are in line with a number of empirical results, which seem to stay in contrast to existing theories on capital …

Persistent link: https://www.econbiz.de/10010366170

Fahn, Matthias; Merlo, Valeria; Wamser, Georg - 2017

analysis provides an explanation for why some firms only use little debt financing. Predictions made by our theory are in line …

Persistent link: https://www.econbiz.de/10011714630

The commitment role of equity financing

Fahn, Matthias; Wamser, Georg; Merlo, Valeria - 2017

analysis provides an explanation for why some firms only use little debt financing. Predictions made by our theory are in line …

Persistent link: https://www.econbiz.de/10011705222

Too many voters to fail : influencing and political bargaining for bailouts

Schilling, Linda - 2019

Persistent link: https://www.econbiz.de/10012212708

Financing investment: the choice between bonds and bank loans

Morellec, Erwan; Valta, Philip; Zhdanov, Alexei - 2014

investment. We test these predictions using a sample of U.S. firms and present new evidence that supports our theory …

Persistent link: https://www.econbiz.de/10010258730

Microeconometric evidence of financing frictions and innovative activity

Tiwari, Amaresh; Mohnen, Pierre A.; Palm, Franz C.; … - 2014

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics, and R&D slows down. In the absence of financial...

Persistent link: https://www.econbiz.de/10010249680

Leaning against the wind : debt financing in the face of adversity

Brennan, Michael J.; Kraft, Holger - 2015

We offer evidence of a new stylized feature of corporate financing decisions: the tendency of managers to rely more on debt financing when earnings prospects are poor. We term this 'leaning against the wind' and consider three possible explanations: market timing, precautionary financing, and...

Persistent link: https://www.econbiz.de/10011434790

The capital structure theory and its practical implications for firm financial management in Central and Eastern Europe

Rizov, Marian - 2018

The paper reviews and interprets capital structure theory in a stylized way and explains the conceptual issues … assumptions of the theory. Specific attention is paid to the important issues concerning the capital structure of firms in … transition economies. By reconciling empirical evidence with theory practical strategies for managing capital structure in …

Persistent link: https://www.econbiz.de/10011917125

News about zero-leverage firms

Geelen, Thomas A. - 2016

-cycle theory of debt maturity …

Persistent link: https://www.econbiz.de/10011626255

Debt covenant renegotiation and investment

Arnold, Marc; Westermann, Ramona - 2015

This paper develops a model with the novel feature that firms can renegotiate debt both in and outside distress. We show that this feature is crucial for debt renegotiation models to explain corporate policies and debt prices. Specifically, the model reflects empirical credit spread patterns,...

Persistent link: https://www.econbiz.de/10011345070