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Finanzierungsstrukturen und -strategien kleiner und mittlerer Unternehmen : eine Bestandsaufnahme
Pahnke, André; Schröder, Christian; Leonhardt, Fabian; … - 2015
the growth of the equity ratio of large enterprises. As a result, the gap between the equity ratio of SMEs and large …
Persistent link: https://www.econbiz.de/10011417145
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Working capital management and financing decision : synergetic effect on corporate profitability
Ajibolade, Solabomi O.; Sankay, Oboh Collins - In: International journal of management, economics and … 2 (2013) 4, pp. 233-251
Persuaded by the pecking order assumptions, where internal fund is preferred over debt and equity when financing investment projects, this study provided empirical evidence on the interaction between working capital management and corporate debt structure, and the effect of this on corporate...
Persistent link: https://www.econbiz.de/10010224764
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Dynamic optimal capital structure and technological change
Lööf, Hans - 2003
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10011448232
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How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India
Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016
Many emerging markets have undertaken significant financial sector reforms especially in their banking sectors that have been quite critical for both financial development and real economic activity. In this paper, we investigate the success of banking reforms in India where significant banking...
Persistent link: https://www.econbiz.de/10011493763
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When Does Leverage Hurt Performance? - A Firm-Level Analysis
Coricelli, Fabrizio - 2012
credit expansion. In particular, too much finance can have a negative impact on growth. We examine the microeconomic … foundations of this argument, positing a non-monotonic relationship between leverage and firm-level productivity growth in the … Eastern European countries confirms that TFP growth increases with leverage until the latter reaches a critical threshold …
Persistent link: https://www.econbiz.de/10013101673
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Why Do Firms Issue Abroad? Lessons from Onshore and Offshore Corporate Bond Finance in Asian Emerging Markets
Mizen, Paul - 2014
Corporate bond issuers in emerging economies in Asia have often had a choice between an onshore market and an offshore one. Since 1998, however, many of these issuers have increasingly turned to the onshore market. This paper investigates systematically what factors have influenced this choice...
Persistent link: https://www.econbiz.de/10013064182
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Working Capital Management and Financing Decision : Synergetic Effect on Corporate Profitability
Ajibolade, Solabomi Omobola - 2013
Persuaded by the pecking order assumptions, where internal fund is preferred over debt and equity when financing investment projects, this study provided empirical evidence on the interaction between working capital management and corporate debt structure, and the effect of this on corporate...
Persistent link: https://www.econbiz.de/10013071720
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Macedonian Stock Exchange Apathy : Analysis of Macedonian Companies’ Cost of Capital and Optimal Capital Structure
Lazarevski, Dimche - 2013
From the bottom in March 2009, developed stock exchanges returned to their levels before the crises, which were not the case with the Macedonian, and the other SEE Stock Exchanges. Thus, in this paper we explain some of the reasons for this stagnant situation through analysis of Macedonian...
Persistent link: https://www.econbiz.de/10013071865
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How Does Long-Term Finance Affect Economic Volatility?
Demirgüç-Kunt, Asli - 2016
-level growth volatility. We find that firms in industries with stronger preference to use long-term finance relative to short …-term finance experience lower growth volatility in countries with better-developed financial systems, as these firms may benefit … mitigate refinancing risk and therefore growth volatility associated with short-term financing. Increased availability of long …
Persistent link: https://www.econbiz.de/10013000820
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Cash Holdings and the Financialisation of Latin American Nonfinancial Corporations
Rabinovich, Joel - 2020
The growth in cash holdings by non-financial corporations in emerging economies in general and Latin American in …
Persistent link: https://www.econbiz.de/10012841908