、アジア経済危機後に実施された経済改革によって、インドネシア上場企業の資金調達行動がフォーマルな制度に基盤を置くものになり、文化的・政治的な要素を裏づけとするインフォーマルな行動規範や仕組みの影響力が大幅に後退したことを示唆している。, This study investigates the factors determining the debt-ratios of Indonesian listed companies after the implementation of …

This study investigates the factors determining the debt-ratios of listed companies on the Hanoi and Ho Chi Minh stock … results. (1) The debt-ratios of listed companies may be well explained by adjusted Modigliani and Miller theory combined with … for qualified and listed companies. (3) Government controlled companies have weak incentives to save corporate tax …

-specific data from the Bureau of Economic Analysis, we find that firms with high tax-induced foreign cash have approximately 3 ….3 percent higher domestic liabilities relative to other multinationals, equivalent to $152.2 million more domestic debt per firm …, or approximately $98.9-$141.9 billion in aggregate. We next examine motives for firms with tax-induced foreign cash to …

by curbing risk-taking incentives, the higher the leverage the bank is permitted to take on. Consequently, the risk …

attitudes towards financing (Berkshire eschews debt that private equity uses maximally); management (Berkshire believes in …

% debt finance with the firm operating ona 'not-for-profit' basis. …

We find evidence that banks target return on equity (RoE) and make active use of leverage to affect the speed of … with above median leverage among their peer group. As a result, RoE targeting could affect leverage dynamics and amplify … cyclical fluctuations as banks take on more leverage to achieve high returns when risk premia are low, while ‘rush for the exit …