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Micro-enterprises in a developing economy- challenges and sustainability

Dalglish, Carol L.; Bradley, Rebecca L. - 2006

Small and micro-enterprises play a significant part in most economies, whether developed or developing. However, in developing countries these enterprises have tended to be looked at from a development, or poverty alleviation perspective, rather than as entrepreneurial activities and potentially...

Persistent link: https://www.econbiz.de/10009437519

Determinants of capital structure for A-REITs

Chikolwa, Bwembya - 2009

Using panel data methodology, the determinants of capital structure in 34 Australia listed property trusts (A-REITs) are investigated for the period 2003-2008. Empirical results reveal that profitability, growth opportunity, and operational risk are negatively related to leverage while size is...

Persistent link: https://www.econbiz.de/10009437602

A-REIT seasoned equity offerings : determinants and market reaction

Chikolwa, Bwembya - 2009

The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings using panel data and event study methodologies, respectively. The global financial crisis has resulted in freezing of the...

Persistent link: https://www.econbiz.de/10009437605

Development and structuring of commercial mortgage-backed securities in Australia

Chikolwa, Bwembya - 2008

According to the Reserve Bank of Australia (2006) the increased supply of Commercial Mortgage-Backed Securities (CMBS), with a range of subordination, has broadened the investor base in real estate debt markets and reduced the commercial property sector’s dependence on bank financing The CMBS...

Persistent link: https://www.econbiz.de/10009437644

Development and structuring of CMBS in Australia

Chikolwa, Bwembya - 2009

professionals in property investment and finance. …

Persistent link: https://www.econbiz.de/10009437694

Financing infrastructure using asset-backed securities : lessons for developing countries

Chikolwa, Bwembya - 2008

The purpose of the paper is to investigate how Asset-Backed Securitization (ABS) can be used to fund infrastructure development in developing countries. This paper also presents a case study on how ABS has been used to fund infrastructure in Australia and points out the lessons that developing...

Persistent link: https://www.econbiz.de/10009437780

Determinants of listed property trust bond ratings : Australian evidence

Chikolwa, Bwembya - 2008

Using artificial neural networks (ANN) and ordinal regression (OR) as alternative methods to predict LPT bond ratings, we examine the role that various financial and industry variables have on Listed Property Trust (LPT) bond ratings issued by Standard and Poor’s from 1999-2006. Our study...

Persistent link: https://www.econbiz.de/10009438140

Determinants and market impact of seasoned equity offerings : the case of A-REITs

Chikolwa, Bwembya; Kim, Jinu - 2009

The paper examines the decision by Australian Real Estate Trusts (A-REITs) to issue seasoned equity offerings from 2000 - 2008 and stock market reaction to the offerings. The findings reveal that highly leveraged A-REITs with variable earnings are less likely to issue seasoned equity offerings....

Persistent link: https://www.econbiz.de/10009438312

The impact of corporate venturing on a firm's competence modes

Burgers, Henri; Van den Bosch, Frans; Volberda, Henk - 2008

In this conceptual paper we investigate how corporate venturing influences an organization's competences. The impact of various types of corporate ventures on the portfolio of strategic options of a firm's competence modes (Sanchez, 2004a; Sanchez & Heene, 2002) will be assessed by distinguishing two...

Persistent link: https://www.econbiz.de/10009438331

Bankruptcy and transaction costs in general financial models

Hoelle, Matthew - 2010

General financial models have become workhorse models in the fields of macroeconomics and finance. These models have … and finance is the well accepted fact that models with a representative agent and without financial frictions yield … fields of macroeconomics and finance in the future depends upon the frontier research in general equilibrium today. Over the …

Persistent link: https://www.econbiz.de/10009438435