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ESTRUCTURA DE PROPIEDAD Y OPORTUNIDADES DE CRECIMIENTO COMO DETERMINANTES DEL ENDEUDAMIENTO DE LAS EMPRESAS CHILENAS

PALENZUEA, VALENTÍN AZOFRA; HOFFMANN, PAOLO SAONA; … - In: Abante 7 (2004) 2, pp. 105-145

their growth opportunities, their ownership structure and the environment in which they operate. We perform an empirical … analysis over an unbalanced panel of 169 Chilean firms for the period 1990-2001. Chilean firms growth opportunities are … financed with long term debt. However, when firms need external funds they finance their growth opportunities with short term …

Persistent link: https://www.econbiz.de/10005549494

Determinants of corporate financing decisions: a survey evidence from Czech firms

Körner, Pavel; Jindřichovská, Irena - Institut ekonomických studií, Univerzita Karlova v Praze - 2008

This paper investigates the empirical evidence on determinants of financing decisions on the pool of respondents among financial managers of Czech firms. The theoretical section provides an overview of prominent contemporary theories on capital structure. Employing Chi-square Sign Test and Logit...

Persistent link: https://www.econbiz.de/10005698698

HOW SME UNIQUENESS AFFECTS CAPITAL STRUCTURE: EVIDENCE FROM A 1994-1998 SPANISH DATA PANEL

Mira, Francisco Sogorb- - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

, growth options and asset structure influence positively on SME capital structure; they also confirm a maturity matching …

Persistent link: https://www.econbiz.de/10005212514

Financial Strategies of the Exporting Firms in Turkey

Degirmen, Suleyman; Gundogdu, Yildiz - In: Business and Economics Research Journal 1 (2010) 4, pp. 1-1

financing along with analyzing the inevitable contribution of export to Turkish economic growth from micro aspect. In this study … the relation between export/total sales, the growth rate of short run bank credit, the growth rate of long run bank credit …, the growth rate of equity of firms that are ranked among the first and second 500 industrial firms in Turkey for the 1997 …

Persistent link: https://www.econbiz.de/10008671394

Firm Size and Capital Structure Decisions: Evidence From Turkish Lodging Companies

Karadeniz, Erdinc; Kandir, Serkan Yilmaz; Iskenderoglu, Omer - In: International Journal of Economics and Financial Issues 1 (2011) 1, pp. 1-11

Aim of this study is to investigate the role of firm size on capital structure decisions of Turkish lodging companies. In this context, a survey questionnaire is developed and sent to unquoted Turkish lodging companies. 163 lodging companies answered the survey and they are classified according...

Persistent link: https://www.econbiz.de/10009144166

Employees Equity Issue and Asymmetric Information:Evidence from France - Augmentations de capital réservées aux salariés et Asymétrie d’information:Cas de la France

Alidou, Djaoudath - Université de Bourgogne - CREGO EA7317 Centre de … - 2012

(VA)This study explores determinants of employees’ equity issues of French companies. Based on the predictions of the pecking order theory, we test whether asymmetric information influences a company’s decision to issue new shares reserved for employees. The main contribution of this paper...

Persistent link: https://www.econbiz.de/10010674654

What managers think of capital structure and how they act: Evidence from Central and Eastern Europe

Hernádi, Péter; Ormos, Mihály - In: Baltic Journal of Economics 12 (2012) 2, pp. 47-71

This paper analyzes the capital structure and the choice of financing alternatives across a broad sample of Central and Eastern European companies. Our investigation is built on two methods: the first concentrates on capital structure decisions through quantitive information applying panel...

Persistent link: https://www.econbiz.de/10010643344

A New Test of Capital Structure

Mayer, Colin; Sussman, Oren - Department of Economics, Oxford University - 2003

This paper reports a new test of capital structure theories. It uses a filtering technique to identify large investment spikes. We find that the spikes are predominantly financed with debt by large firms and with new equity by small firms. In the process of financing large projects, firms move...

Persistent link: https://www.econbiz.de/10010661434

Panel data analyses of the pecking order theory and the market timing theory of capital structure in Taiwan

Chen, Dar-Hsin; Chen, Chun-Da; Chen, Jianguo; Huang, Yu-Fang - In: International Review of Economics & Finance 27 (2013) C, pp. 1-13

We exploit panel data of publicly-traded Taiwanese firms to test the pecking order theory the market timing theory over 1990–2005. On the one hand, the results indicate no support for pecking order behavior (consistent with Frank & Goyal, 2003), as net equity issues track the financing deficit...

Persistent link: https://www.econbiz.de/10010664349

Determinants of corporate financing decisions: A survey evidence from Czech firms

Jindřichovská, Irena; Körner, Pavel - 2008

Persistent link: https://www.econbiz.de/10010322315