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How do dynamic financing decisions explain the behavior of dividend payout policies? : an empirical study of listed Pakistani manufacturing firms

Bashir, Zahid; Rafique, Zulqurnain Zeeshan; Toor, … - In: Financial internet quarterly 18 (2022) 1, pp. 1-15

The study investigates the factors that influence dividend payout policy in public Pakistani manu- facturing companies throughout the timeframe 2010-20. Pooled OLS technique was used for regression purposes, as the majority of companies do not pay a dividend at all or do not do so regularly so...

Persistent link: https://www.econbiz.de/10013252615

Topics in Finance, Part V - Capital Structure

Laux, Judith A. - 2010

Continuing this series on the theory of financial management, the current article investigates capital structure, offering insight into the roles of stockholder wealth maximization, the risk-return trade-off, and agency conflicts. Much literature addresses this topic, and some of the most recent...

Persistent link: https://www.econbiz.de/10013136319

Aggregate Risk and the Choice between Cash and Lines of Credit

Acharya, Viral V. - 2012

between cash and bank credit lines. Banks create liquidity for firms by pooling their idiosyncratic risks. As a result, firms … with high aggregate risk find it costly to get credit lines and opt for cash in spite of higher opportunity costs and … liquidity premium. Likewise, in times when aggregate risk is high, firms rely more on cash than on credit lines. We verify these …

Persistent link: https://www.econbiz.de/10013102858

How does finance influence labour market outcomes? : a review of empirical studies

Heil, Mark T. - 2018

This paper reviews empirical research on finance and labour markets. Preliminary themes in the literature follow. Finance may interact with labour market institutions to jointly determine labour outcomes. Highly leveraged firms show greater employment volatility during cyclical fluctuations, and...

Persistent link: https://www.econbiz.de/10011914294

Corporate Finance and Economic Activity in the Euro Area : Structural Issues Report 2013

Rodriguez-Palenzuela, Diego - 2013

-08, thus underlining the relevance of financing and credit conditions to investment and economic activity in turbulent times …

Persistent link: https://www.econbiz.de/10013079923

Foreign currency loans and systemic risk in Europe

Yeşin, Pınar - 2013

Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in Europe and create a significant … exchange-rate-induced credit risk to European banking sectors. In particular, Swiss franc (CHF)-denominated loans, popular in … that banks in Europe have continuously held more foreign-currency-denominated assets than liabilities, indicating their …

Persistent link: https://www.econbiz.de/10010221680

Corporate debt covenants in Australia

Nguyen, Kim - In: Bulletin / Reserve Bank of Australia (2021), pp. 57-64

Persistent link: https://www.econbiz.de/10012804587

Financing investment : the choice between bonds and bank loans

Morellec, Erwan; Valta, Philip; Zhdanov, Alexei - In: Management science : journal of the Institute for … 61 (2015) 11, pp. 2580-2602

Persistent link: https://www.econbiz.de/10011409076

The debt structure of SMEs : an optimization model

Moro, Andrea; Lucas, Mike R.; Grimm, Uwe G. - In: Journal of entrepreneurial finance : JEF ; official … 16 (2012) 1, pp. 87-108

The existing finance literature is inadequate with respect to its coverage of the debt structure of small and medi-um sized enterprises (SMEs). In addition, the role of trust in accessing finance for such enterprises is under-investigated. This paper presents a mathematical model for optimizing...

Persistent link: https://www.econbiz.de/10010345097

Financing investment: the choice between bonds and bank loans

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

bargaining power in default, operating in more competitive product markets, and facing lower credit supply are more likely to …

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