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Capital Structure Management Differences in Latin American and US Firms after 2008 Crisis

Valcacer, Santiago - 2017

Purpose – This paper aims to analyse the capital structure determining factors of Latin American and US corporations after the crisis of 2008, as a means of comparing theoretical assumptions and empirical results in markets of different efficiency levels. Design/methodology/approach – The...

Persistent link: https://www.econbiz.de/10012951619

Controlling Controlling-Minority Shareholders : Corporate Governance and Leveraged Corporate Control

Lin, Lauren Yu-Hsin - 2017

Persistent link: https://www.econbiz.de/10012958396

Financing Durable Assets

Rampini, Adriano A. - 2018

This paper studies how the durability of assets affects financing. We show that more durable assets require larger down payments making them harder to finance, because durability affects the price of assets and hence the overall financing need more than their collateral value. Durability affects...

Persistent link: https://www.econbiz.de/10012937070

Debt Maturity and the Effects of Growth Opportunities and Liquidity Risk on Leverage : Evidence from Chinese Listed Companies

Vijayakumaran, Sunitha - 2019

) to various attributes of the debt in firms' capital structure. This study examines the effects of growth opportunities …. We find a negative relationship between growth opportunities and leverage. Further, we find that while the proportion of … short-term debt attenuates the negative effect of growth opportunities on leverage, it negatively affects leverage as …

Persistent link: https://www.econbiz.de/10012867334

Corporate Governance and Capital Structure Decisions : Evidence from Chinese Listed Companies

Vijayakumaran, Sunitha - 2019

This study examines the impact of corporate governance on capital structure decisions based on a large panel of Chinese listed firms. Using the system Generalized Method of Moments (GMM) estimator to control for unobserved heterogeneity, endogeneity and persistency in capital structure...

Persistent link: https://www.econbiz.de/10012867625

Capital Structure of Growth Companies with Reference to Indian Software Industry

Bandopadhyay, Kalpataru - 2014

. The capital structure decision of growth companies is even more important as the companies require fresh fund to finance … growth. In this study, the sales of software companies in India during 2000-2012 have demonstrated that they certainly fall … under the category of growth companies. However, these companies are mostly debt-free during the period of study. It seemed …

Persistent link: https://www.econbiz.de/10013048627

Do Strategic Waiting Behaviors in IPO Markets Affect Firms' Subsequent Capital Structure Decisions?

Ma, Ning - 2014

To investigate whether high quality firms, which strategically wait longer in IPO market than low quality firms do (Colak & Gunay, 2011), also differ in speed of adjustment (SOA) toward target debt ratios and in debt leverage levels, this paper uses dynamic panel data with a system GMM...

Persistent link: https://www.econbiz.de/10013051491

Innovation, asymmetric information and the capital structure of new firms

Taglialatela, Jonathan; Mina, Andrea - 2021

The paper focuses on the capital structure of firms in their early years of operation. Through the lens of Pecking Order Theory, we study how the pursuit of innovation influences the reliance of firms on different types of internal and external finance. Panel analyses of data on 7,394 German...

Persistent link: https://www.econbiz.de/10012654979

Excess Leverage and Productivity Growth in Emerging Economies : Is There a Threshold Effect?

Coricelli, Fabrizio - 2010

The paper examines the relationship between leverage and growth in a group of emerging central and eastern European … moderate leverage could boost growth while very high leverage could lower it by increasing the likelihood of financial distress … beyond which further increases in leverage could lower TFP growth …

Persistent link: https://www.econbiz.de/10013146463

Capital structure management differences in Latin American and US firms after 2008 crisis

Rodrigues, Santiago Valcacer; Moura, Heber José de; … - In: Journal of economics, finance & administrative science 22 (2017) 42, pp. 51-74

Purpose: This paper aims to analyse the capital structure determining factors of Latin American and US corporations after the crisis of 2008, as a means of comparing theoretical assumptions and empirical results in markets of different efficiency levels. Design/methodology/approach - The study...

Persistent link: https://www.econbiz.de/10011875227