Financial Capital Structure in LBO Projects under Asymmetric Information

... Cadenillas, Abel, Jaksa Cvitanic, and Fernando Zapatero, 2003, Dynamic principal-agent problems with perfect information, Working paper, USC Clementi, Gian Luca, and Hugo A Hopenhayn, 2002, A ... 1998, Agency costs, risk management, and capital structure, Journal of Finance 53, 1213-1243 Leland, Hayne E., and Klaus.B Toft, 1996, Optimal capital structure, endogenous ba...

Ngày tải lên: 12/01/2014, 22:16

... known as the convertible bonds information content puzzle (Datta, Iskandar-Datta, and Raman, 2003), have mainly relied on information asymmetries between managers and market participants in the ... These figures are similar to those in Datta, Iskandar-Datta, and Raman (2003) and Spies and Affleck-Graves (1995) Panel A of Table reports summary statistics of firm’s chara...

Ngày tải lên: 30/09/2015, 14:14

... Indian Institute of Technology, Kharagpur, India 1990 Ph.D Chemical Engineering Indian Institute of Technology, Kharagpur, India 1996 Major fields of study: Air Quality Modeling, Air Pollution Control, ... is a Life Member of several professional bodies like, The Institution of Engineers (India); Indian Institution of Chemical Engineers; Institution of Public Health...

Ngày tải lên: 05/09/2013, 16:10

... owners, and other providers of capital, or they will invest elsewhere 1.1.2 Capital structure and capital structure policy 1.1.2.1 Leverage, Capital Structure and Optimal Capital Structure a Capital ... between capital structure and firm performance Figure1 Summary of recent studies on the relationship between capital structure and firm performance...

Ngày tải lên: 26/12/2013, 15:19

... The Journal of Finance Trần Đình Khôi Nguyên (2006) Capital structure in small and medium-sized enteprises: the case of Vietnam ASEAN Economic Bulletin Nguyễn Ngọc Vũ (2003) Determinants of ... Cost of Capital, Corporate Finance,and the Theory of Investment” American Economic Review Rajan, R G & Zingales, L, (1995), “What we know about capital structure? Some evid...

Ngày tải lên: 26/02/2014, 14:28

... iii CAPITAL MANAGEMENT IN VIETNAM’S SHIPBUILDING INDUSTRY, APPLYING ACCOUNTING POLICY, SUPPLYING RELEVANT INFORMATION FOR FINANCIAL MANAGERS: A CASE STUDY ON VINASHIN (VIETNAM SHIPBUILDING INDUSTRY ... which concept of capital, efficiency use of capital, roles of capital, and making decision on capital management are mainly concentratio...

Ngày tải lên: 13/03/2014, 14:20

... about International Financial Reporting Standards (IFRS) and provide awareness to the potential impact to an organization’s financial systems when completing an IFRS conversion project The information ... accounting standards, which would advance the dual goals of improving financial reporting within the U.S and reducing country-by-country disparities in financial reporting, but...

Ngày tải lên: 29/03/2014, 18:20

... optimal capital structure is that capital structure which minimizes the firm’s WACC Elliott’s WACC is minimized at a capital structure consisting of 40% debt and 60% equity At that capital structure, ... OPTIMAL CAPITAL STRUCTURE FOR CD Integrated Case: 13 - 25 TO BEGIN, DEFINE THE TERMS “OPTIMAL CAPITAL STRUCTURE AND “TARGET CAPITAL STRUCTURE. ” ANSWER: [SHOW S13...

Ngày tải lên: 01/07/2014, 21:28

... by domestic companies, and the listing of Indian firms on international exchanges The 1990s saw the launch of significant reform in the realm of corporate governance in India For instance, changes ... comparable The fact that the estimated models reveal meaningful and significant Portability of capital structure theory, Page 12 Journal of Finance and Account...

Ngày tải lên: 12/07/2014, 19:09

... bankruptcy process 16- 2 Chapter Outline • • • • • • • • • • The Capital Structure Question The Effect of Financial Leverage Capital Structure and the Cost of Equity Capital M&M Propositions I and II with ... Concepts and Skills • Understand the effect of financial leverage on cash flows and the cost of equity • Understand the impact of taxes and bankruptcy on...

Ngày tải lên: 31/03/2015, 21:18

... EFFECTS OF CAPITAL STRUCTURE ON FIRM PERFORMANCE AND FIRM TRANSPARENCY: A STUDY OF VIETNAMESE ON- GOING FIRMS LISTED IN HO CHI MINH STOCK EXCHANGE (HOSE) In Partial Fulfillment of the Requirements ... financial transparency index and firm performance? Research Objectives Generally, this thesis is an empirical study of effects o...

Ngày tải lên: 22/10/2015, 11:32

... CAPITAL STRUCTURE AND FIRM PERFORMANCE OF LISTED COMPANIES IN VIETNAM In Partial Fulfillment of the Requirements of the Degree of MASTER OF BUSINESS ADMINISTRATION In Fianance by ... determinants of capital structure of Chinese listed companies for the period 1995-2000 applying the tradeoff and pecking order models He concluded that the capital...

Ngày tải lên: 22/10/2015, 13:28

... Regarding the purpose of the study is quantifying the impact of capital structure on the performance of industrial listed on HNX, the regression model for panel data has been used The primary reason ... constrained Another study on the topic The Effect of Capital Structure on the Performance of Palestinian Financial Institutions” was conduct...

Ngày tải lên: 11/01/2016, 07:58