multinational capital structure decision at the sports exports company

... order to gather empirical data The questions were inspired by the theories and formulated in a way that the answers would include the information presented in the theories Hence, our theory was ... alternative solutions to current decisions of capital structure rather than if there exists any downsides at all None of the companies interviewed argued that they have bad relations to the bank The ... from the papers presented above, this thesis will focus on the decision behind the choice of capital structure and what aspects that influences the decision The theories highlighted in this thesis...

Ngày tải lên: 12/07/2014, 19:09

... determine whether there has been an improvement or a deterioration in coverage over time Another method of analyzing the appropriate capital structure for a company is to evaluate the capital structure ... Lenders’ attitudes toward the industry and the company Surveys indicate that the majority of CFOs of large firms believe in the concept of an optimal capital structure The optimal capital structure ... to show that it is used for the computation of cost of capital EXAMPLE 27.3 Assume that the market price of the Carter Company s stock is $40 The dividend to be paid at the end of the coming...

Ngày tải lên: 06/04/2015, 18:04

... develop a strategy to change their own behavior rather than let the leader develop and impose it to the members Leaders should consider themselves in the role of a coordinator rather than in the role ... perform the best in their works, to consider the benefits of customers as the benefits of the Company + Set quality as the top target; ensure to produce and supply to the market the products that match ... 100% Look at Table 2.1.1 we can see that the Company has preserved and developed their capital quite successfully in the circumstance that the loan capital is not quite small compared to the equity...

Ngày tải lên: 28/10/2016, 16:50

... we propose the fifth hypothesis, H5: Liquidity is negatively related to capital structure: 3.3.6 State capital ratio: State capital in the company is one of the unique features of the company is ... than the state-owned company * Ratio of tangible fixed assets/total assets of the company is 29% Company state had the average rate of 40.5%, higher than the 24.46% of the other company * By the ... (prof), the average rate of the companies is 11%, state companies has the average rate is 12.6%, greater than the other companies at rate 10.4% 4.2 CORRELATIONS Table 4: Correlation Matrix TD...

Ngày tải lên: 09/09/2013, 23:46

... the Board: The corporate governance framework should ensure the strategic guidance of the company, the effective monitoring of management by the board, and the board’s accountability to the company ... this theory describes the relationship between the principal or the owners of firms and the agents or the managers that should be well managed so that they may act in the best interest of the ... assets ratio) The debt to assets ratio (or debt to asset ratio) is an indicator of the proportion of a company' s assets that are being financed with debt, rather than equity A ratio greater than...

Ngày tải lên: 09/09/2013, 23:50

Ngày tải lên: 10/12/2013, 10:15

... Miller, M.H, (1958), The 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 evidence ... structure? Some evidence from international data” The Journal of Finance Trần Đình Khôi Nguyên (2006) Capital structure in small and medium-sized enteprises: the case of Vietnam” ASEAN Economic ... “Determinants of capital structure for listed firms in the Vietnam stock Exchange Market” Danang University Press, Danang, Vietnam Stata Web Book University of California, Los Angeles Panel data analysis...

Ngày tải lên: 26/02/2014, 14:28

... detail below) There is a large variation in banks' capital ratios.1 Figure indicates that bank capital structure deserves further investigation Figure (Distribution of book capital ratios) The objective ... of non- The ratio of book equity to book assets is an understatement of the regulatory Tier-1 capital ratio since the latter has risk-weighted assets in the denominator Figure shows that the distribution ... (the United States and the EU-15) from 1991 until 2004 To answer the question, we borrow extensively from the empirical corporate finance literature that has at length examined the capital structure...

Ngày tải lên: 15/03/2014, 10:20

... Australia) presented the structure of murine antichymotrypsin, these data suggesting that the antichymotrypsin-like serpins are under conformational control Another theme of the meeting was the use of ... al Illinois at Chicago, USA) presented the structure of a final serpin–enzyme complex, only the second such structure determined to date; their data revealed exquisite variation in the way serpins ... b-sheet (Fig 1) The S to R transition is required for protease inhibition; the structure of the final serpin enzyme complex revealed that the serpin adopts the relaxed conformation and that the protease...

Ngày tải lên: 30/03/2014, 20:20

... which combination of capital structure have tax savings for the company? What capital structure is cheaper and affordable for the company? Or which regulation about company s capital structure ... Order Theory, Free Cash Flow Theory, Agency Theory and Market Timing Theory Most of these theories are based on the company' s internal structure and the impact of internal factors of the company ... TSE The results also show the negative relationship between interest rate, inflation rate and GDP with capital structure in TSE Further analysis show that among microeconomic variables, the amount...

Ngày tải lên: 24/04/2014, 15:42

... assets The volatility variable (VOL) represents the volatility of the firm’s earnings, and is calculated as the standard deviation of the first differences in the ratio of earnings before depreciation, ... as the ratio of the market value of equity and debt to the book value of assets In keeping with these studies, the present study calculates the numerator of the market-to-book ratio (MB) as the ... no support for the pecking order theory, though their results indicate that tax considerations have some relevance to the capital structure decision Booth et al., 2001, study the financing behavior...

Ngày tải lên: 12/07/2014, 19:09

... their own utility, rather than the value of the firm Theory suggests that the choice of capital structure may help mitigate these agency costs Under the agency costs hypothesis, high leverage ... captured by the prices The regulatory variables are again the dummies UNITB and LIMITB, with STATEB as the excluded category 4.4 Identification of the model The two-equation simultaneous-equations ... holding additional equity capital Neither hypothesis dominates the other for the ownership sample, but the substitution effect of the efficiency-risk hypothesis dominates for the full sample, suggesting...

Ngày tải lên: 13/07/2014, 21:13

... ………………………………… The thesis will be defended in front of a panel of examining judges at the Ho Chi Minh National Academy of Politics At ,… …., 2014 The thesis can be found for study at the National Library ... 2020 That is why the topic was chosen as doctorate thesis by the author 1.2.3 Approach - Approachably: the thesis studies labor structure transfer in industry in relation to economic structure ... international integration at the locality 4.2.2 Solutions group creating resources promoting labor structure transfer by industries in the direction of modernization and industrialization, urbanization...

Ngày tải lên: 14/07/2014, 13:33

... detail below) There is a large variation in banks' capital ratios.1 Figure indicates that bank capital structure deserves further investigation Figure (Distribution of book capital ratios) The objective ... (the United States and the EU-15) from 1991 until 2004 To answer the question, we borrow extensively from the empirical corporate finance literature that has at length examined the capital structure ... regulatory Tier-1 capital ratio since the latter has risk-weighted assets in the denominator Figure shows that the distribution of regulatory capital exhibits the same shape as for economic capital, but...

Ngày tải lên: 11/08/2014, 01:20

... of treatment consistent with that recommended in the literature Given the documentation of the sports chiropractic scope of practice and management strategies it may delineate a role for sports ... recorded Treatment Methods The study was conducted for the duration of the 2007 World Ice Hockey Championships DivIII held in Dundalk, Ireland The duration of the study included the pre-event ... in the chosen sport of the athletic patient, along with information regarding risk factors for injury, etiological factors, biomechanics and anatomy [11] The treatment provided was representative...

Ngày tải lên: 13/08/2014, 14:20

... capital components rather than a market based value Besides, there company s capital structure Factors relating to the asymmetric could be other factors that affect the capital structure of the ... authorities should aim at (1) improving the legal CONCLUSION environment of the listed company s fundraising; (2) developing the Results of the thesis indicate that the capital structure of capital markets ... Analyse the impact of managerial factors of the The thesis focuses on investigating factors affecting the Vietnamese companies on the capital structure; (vii) Propose the capital structure of the...

Ngày tải lên: 28/11/2014, 18:36

... the invested capital The study of the payback period of the invested capital was based on the following requirements • It was calculated the time required to recover the capital invested in the ... invested capital for the three conditions The payback period of the invested capital was calculated from the Equation The annual financial returns were summed until the result was the amount of capital ... modules inclination and orientation are optimum, which means that the inclination is equal to the latitude of Curitiba and the orientation is to the geographic north [14] Inclination: -25,43˚...

Ngày tải lên: 09/09/2015, 10:32

... related to capital structure 2.1 Positive relationship between capital structure and firm performance Holz (2002) found that capital structure related positively to the firm performance, the ... firm value and capital structure are positively related Other theories such as the trade-off theory (Myers, 1984), pecking other theory (Myers and Majluf, 1984) and the agency cost theory (Jensen ... measured by calculating the difference rate in the book value of total assets - 22 - 4.2 Hypotheses of the study - Fist hypothesis: Under the stable economic, the firm‟s capital structure effects...

Ngày tải lên: 22/10/2015, 11:32