Capital Structure and Firm Efficiency
Capital Structure and Firm Efficiency
... 10.1111/j.1468-5957.2007.02056.x Capital Structure and Firm Efficiency Dimitris Margaritis and Maria Psillaki ∗ Abstract: This paper investigates the relationship between firm efficiency and leverage. We consider ... choice of capital structure (see Harris and Raviv, 1991; and Rajan and Zingales, 1995). Firm size (SIZE) is measured by the logarithm of the firm s...
Ngày tải lên: 12/06/2014, 19:26
CAPITAL STRUCTURE AND FIRM PERFORMANCE IN VIETNAM
... 2013 Writer Duong Hong Ngoc CHAPTER I Backgrounds on capital structure and firm performance 1.1. Firm s capital and capital structure 1.1.1. Cost of capital For each project that a company invests ... (FEM) and random effect model (REM). The structure of this research is: Chapter 1: Backgrounds on Capital Structure and Firm Performance Chapter 2: Analysis of t...
Ngày tải lên: 26/12/2013, 15:19
Optimal security design and dynamic capital structure in a countinous time agency model DEMARZO & SANNIKOV
... principal structure models developed by Leland and Toft (1996), Leland (1998), and others. These papers take the form of the securities as given and derive the effect of capital structure on ... owns the firm and the investors are competitive, other possibilities are straightforward. For example, if the current owners choose the capital structure to maximize the firm s...
Ngày tải lên: 12/01/2014, 22:16
Tài liệu Discussion of Firm Efficiency Level and Equity Returns ppt
... Discussion of Firm Efficiency Level and Equity Returns The term "efficient" firm is widely used in economics. For example, an efficient firm is the one producing at ... value a firm could have obtained if it were to maximize firm value. The deviation from the maximum value is defined as "inefficiency level". Hence, firms with low "inefficiency"...
Ngày tải lên: 24/01/2014, 00:20
Credit Ratings and Capital Structure doc
... Ratings and Capital Structure 1049 Table I Sample Summary Statistics—Ratings and Leverage Means, medians, and standard deviations of debt/(debt + equity) by credit rating within the sample, and the ... should be diminished. Credit Ratings and Capital Structure 1053 Table III Credit Rating Impact on Capital Structure Decisions—Plus or Minus Tests Coefficients and standa...
Ngày tải lên: 06/03/2014, 08:20
The effect of economic and accounting variables on capital structure empirical evidence from iranian companies
... “Strategic Assets, Capital Structure, and Firm Performance", Journal Of Financial And Strategic Decisions. No.3, PP. 23-36. [8] Miguel, A. and Peinado, C. 2004. "Optimal Capital Structure, ... relationship between GDP and capital structure. All accounting variables include short-term and long-term debt ratios and payable dividend have also positive relatio...
Ngày tải lên: 24/04/2014, 15:42
Data Security Policy - Structure and Guidelines
... appropriate and proportionate to the values of and degree of reliance on the information systems and to the severity, probability, and extent of potential for direct and indirect, tangible and intangible ... Policy - Structure and Guidelines • December 2001 17. Records retention and backup 18. Security Awareness and education 19. Partner and 3 rd party connectivity 20. S...
Ngày tải lên: 17/09/2012, 09:40
International Capital Flows and Boom-Bust Cycles in the Asia Pacific Region +
... of CAP shocks on CUR and RGDP are invariant to the ordering between CUR and RGDP. On the other hand, capital flows might affect CUR and RGDP within a quarter, and the CUR and RGDP shocks may ... Philippines, and Thailand), China, Singapore, Taiwan, Hong Kong, Japan, Australia and New Zealand. Section 4 provides an empirical analysis of the relationship between capital flo...
Ngày tải lên: 24/10/2012, 09:27
Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices
... Denmark, Switzerland, Spain, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway and the UK, a three- month Treasury bill rate for Belgium, Sweden and the US, and a three-month ... Australia, Finland, Ireland, the Netherlands, Norway, Spain, Sweden, the UK and the US; countries in the second group are Belgium, Canada, Denmark, France, Germany, Italy, Japan and Switz...
Ngày tải lên: 24/10/2012, 09:40
The relationship between an organization’s structure and culture and the effects on business performance
... Introduction: 2 II. Detail: 3 1. Evaluate and compare different organizational structures and culture: 3 2. The relationship between an organization’s structure and culture and the effects on business performance: ... work well, entrepreneurial style and spirit, good judgment and consensus building skills…etc. 2. The relationship between an organization’s structure and cult...
Ngày tải lên: 12/04/2013, 21:50