Narrow search
Showing 1 - 10 of 121,713
Cover Image
Outsourcing with Long Term Contracts : Capital Structure and Product Market Competition Effects
Teixeira, João C. A. - 2014
This paper analyzes how capital structure and product market competition affect the firms' strategic choice between … the option to avoid financial distress costs under the long term contract regime. Moreover, product market competition …
Persistent link: https://www.econbiz.de/10013065134
Cover Image
Corporate Bankruptcy and Banking Competition : The Effect of Financial Leverage
Cathcart, Lara; Dufour, Alfonso; Rossi, Ludovico; … - 2021
We investigate the impact of banking competition on corporate credit risk. Although banking competition does not, on …-leverage firms. This effect lasts up to eight years after the increase in banking competition and comes mainly from firms that have … high short-term debt. These results suggest that banking competition may lead to tougher credit conditions particularly for …
Persistent link: https://www.econbiz.de/10013233063
Cover Image
Outsourcing with Long Term Contracts : Capital Structure and Product Market Competition Effects
Teixeira, João C. A. - 2010
This paper analyzes how capital structure and product market competition affect the firms' choice between outsourcing … option to avoid financial distress costs under the long term contract regime. Moreover, product market competition among …
Persistent link: https://www.econbiz.de/10013147574
Cover Image
Shadow Union in Local Labor Markets and Capital Structure
Cho, DuckKi - 2020
This paper identifies an externality of a firm's unionization that affects the capital structure decisions of other, non-unionized firms within a local labor market. We find that union victory in a firm leads non-unionized firms to increase their market leverage ratio by 0.9 to 1.3 percentage...
Persistent link: https://www.econbiz.de/10012841595
Cover Image
Employee Lawsuits and Capital Structure
Unsal, Omer - 2019
We examine the effect of litigation on corporate capital structure by using a unique, hand-collected dataset of 30,841 employee disputes (after initial court hearings) between 2000 and 2015. We find that employee lawsuits increase firms' leverage ratios, and firms with frequent employee...
Persistent link: https://www.econbiz.de/10012870946
Cover Image
Firing Costs and Capital Structure Decisions
Serfling, Matthew - 2016
I exploit the adoption of state-level labor protection laws as an exogenous increase in employee firing costs to examine how the costs associated with discharging workers affect capital structure decisions. I find that firms reduce debt ratios following the adoption of these laws, with this...
Persistent link: https://www.econbiz.de/10013006723
Cover Image
Redistribution of Local Labor Market Shocks Through Firms’ Internal Networks
Giroud, Xavier - 2016
Local labor market shocks are difficult to insure against. Using confidential micro data from the U.S. Census Bureau's Longitudinal Business Database, we document that firms redistribute the employment impacts of local demand shocks across regions through their internal networks of...
Persistent link: https://www.econbiz.de/10012986786
Cover Image
Local labor market competition and capital structure decisions
Bai, Jianqiu; Massa, Massimo; Wan, Chi; Wang, Yan - 2022
Persistent link: https://www.econbiz.de/10013374038
Cover Image
Financial distress as an agency problem : evidence on non-monotonic and substitute discipline effects of leverage and competition
Uğur, Mehmet; Solomon, Edna Maeyen; Zeynalov, Ayaz - 2021
leverage and product-market competition as predictors of financial distress hazard; and lack of attention to frailty as a … a managerial effort problem, mitigated by leverage and product-market competition as substitute disciplining devices … effect of leverage on financial distress hazard is inverted-U-shaped; (ii) the effect of the competition is U-shaped; and …
Persistent link: https://www.econbiz.de/10014533532
Cover Image
How does capital structure affect firm's market competitiveness?
Nguyen, Nga Thi Viet; Chi Thi Kim Nguyen; Phuong Thi Minh Ho - In: Cogent economics & finance 9 (2021) 1, pp. 1-14
Effective capital decisions not only increase the operational efficiency of businesses but also is strategic to bring the enterprise's competitive advantages to the market. Using an appropriate debt ratio helps businesses to strike a balance between internal and external resources to compete...
Persistent link: https://www.econbiz.de/10013184451