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Quel mode de financement de l'économie?
Artus, Patrick - 1997
Persistent link: https://www.econbiz.de/10000974677
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On the long-run equilibrium value of Tobin’s average Q
Franke, Rainer; Yanovski, Boyan - 2015
This note considers Tobin's average Q in a framework where firms finance investment by equities and debt. The determination of its long-run equilibrium value Q° is based on positing equality of the loan rate and, adjusted for a risk premium, the return on equities. Q° can thus be characterized...
Persistent link: https://www.econbiz.de/10011376786
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Financial dependence and innovation : the case of public versus private firms
Acharya, Viral V.; Xu, Zhaoxia - 2014
Persistent link: https://www.econbiz.de/10010341256
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Information asymmetry reduction in opaque contexts : evidence from debt and outside equity financing in early stage firms
Epure, Mircea; Guasch, Martí - 2016 - This version: October 2016
Persistent link: https://www.econbiz.de/10011607325
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Information asymmetry reduction in opaque contexts : evidence from debt and outside equity financing in early stage firms
Epure, Mircea; Guasch, Martí - 2017 - Updated version: October 2016
Persistent link: https://www.econbiz.de/10011582880
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Taxation and the optimal constraint on corporate debt finance
Sørensen, Peter Birch - 2014
Persistent link: https://www.econbiz.de/10010516780
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The commitment role of equity financing
Fahn, Matthias; Wamser, Georg; Merlo, Valeria - 2017
firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and … firm and its managers or employees. Equity financing generally strengthens a firm's credibility to honor implicit promises …
Persistent link: https://www.econbiz.de/10011705222
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The commitment role of equity financing
Fahn, Matthias; Merlo, Valeria; Wamser, Georg - 2017
firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and … firm and its managers/employees. Equity financing generally strengthens a firm's credibility to honor implicit promises …
Persistent link: https://www.econbiz.de/10011714630
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Does capital flow more to high Tobin's Q industries?
Lee, Dong Wook; Shin, Hyun-Han; Stulz, René M. - 2018
from 1971 until 1996 but not from 1997 to 2014. This change is due to a decrease in the q-sensitivity of equity funding … American firms, and the impact of the China shock explain much of the change in the q-sensitivity of equity funding and …
Persistent link: https://www.econbiz.de/10011969138
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Banks as secret keepers
Dang, Tri-Vi; Gorton, Gary; Holmström, Bengt; … - 2014
Persistent link: https://www.econbiz.de/10010390326