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Der Übergang zur Europäischen Währungsunion (EWU) bedeutet für die beteiligten Staaten die Aufgabe ihrer geldpolitischen Souveränität. Konnten die nationalen geldpolitischen Entscheidungsträger bislang auf die jeweiligen monetären Erfordernisse und Zielpräferenzen ihrer...
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We examine the impact of outside purchase contracts on firm risk and firm capital structure. We find that firms with more outside purchase contracts have less risky cash flows. Despite these less risky cash flows, firms with these contracts also have less financial leverage especially when they...
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corporate debt in the United States, the United Kingdom, France and Germany. The comparison serves to benchmark our findings … sectors in the United States, Germany and France. The model assesses the contribution of investment, acquisitions, cash flows … debt will rise above the optimum level by more than in the United Kingdom and France - responding to the higher levels of …
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years 1980-1995 and providing empirical evidence for six European countries, namely Germany, France, Italy, the UK, Belgium …
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