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Evaluating a project finance SPV : combining operating leverage with debt service, shadow dividends and discounted cash flows

Moro Visconti, Roberto - In: International journal of economics, finance and … 1 (2013) 1, pp. 9-20

Persistent link: https://www.econbiz.de/10010248354

Financial signalling by committing to cash outflows

Ravid, Simon Abraham - In: Journal of financial and quantitative analysis : JFQA 26 (1991) 2, pp. 165-180

Persistent link: https://www.econbiz.de/10001106738

Do capital structure models square with the dynamics of payout?

Chen, Shiqi; Lambrecht, Bart M. - In: Annual review of financial economics 13 (2021), pp. 271-299

Persistent link: https://www.econbiz.de/10012612498

Zero-debt policy under asymmetric information, flexibility and free cash flow considerations

Miglo, Anton - In: Journal of risk and financial management : JRFM 13 (2020) 12/296, pp. 1-25

We build a model of debt for firms with investment projects, for which flexibility and free cash flow problems are important issues. We focus on the factors that lead the firm to select the zero-debt policy. Our model provides an explanation of the so-called "zero-leverage puzzle". It also helps...

Persistent link: https://www.econbiz.de/10012392204

From interest tax shield to dividend tax shield : a corporate financing policy for equitable and sustainable wealth creation

Zaman, Qamar Uz; Hassan, M. Kabir; Akhter, Waheed; … - In: Pacific-Basin finance journal 52 (2018), pp. 144-162

Persistent link: https://www.econbiz.de/10012035616

Creditors and dividend policy : Reputation building versus debt covenant

Quoc Trung Tran - In: European research on management and business economics 25 (2019) 3, pp. 114-121

and dividend policy. However, they fail to test reputation-building mechanism and debt covenant mechanism separately. This … since the two mechanisms provide opposite effects of credit information and legal rules on dividend policy. With a sample of … covenant hypothesis and creditor information has a complementary effect on legal rules in determining corporate dividend policy. …

Persistent link: https://www.econbiz.de/10012120127