Search Results - subject:"Optimal capital structure"

Financial flexibility and the persistence of extreme financial leverage policies : a new empirical approach

Ebrahimi, Tahera; Al-Najjar, Basil - 2025

Persistent link: https://www.econbiz.de/10015375076

Assessing the impact of taxation on the effective tax rate and operational risk of capital investment projects under optimal capital structures

Paquin, Jean-Paul; Racicot, François-Éric; Koplyay, Tamas - In: International review of economics & finance : IREF 96 (2024) 1, pp. 1-27

This paper proposes two metrics to correctly measure under optimal capital structures the impact of corporate statutory tax rates (a) on the effective tax rate, and (b) on the operational risk of capital investment projects and their parent firm's project portfolio. For illustrative and...

Persistent link: https://www.econbiz.de/10015211040

Trade-off theory for dual holders

Lindset, Snorre; Nygård, Guttorm; Persson, Svein-Arne - In: Journal of money, credit and banking : JMCB 56 (2024) 7, pp. 1611-1643

Persistent link: https://www.econbiz.de/10015116883

Nonprofits and pass-throughs: Performance comparison

Hull, Robert; Van Dalsem, Shane A. - In: International Journal of Financial Studies 9 (2021) 1, pp. 1-43

This paper's purpose is to compare nonprofits with pass-throughs in terms of valuation, leverage, and growth. To achieve this purpose, we use the Capital Structure Model. This model determines maximum firm valuation through incorporating real data (tax rates, credit spreads, and historical...

Persistent link: https://www.econbiz.de/10013200338

Optimal capital structure of listed firms : a structural approach : evidence from Vietnam

Nguyen Thi Van Anh; Dao Thi Thanh Binh - In: Journal of Asian finance, economics and business : JAFEB 8 (2021) 11, pp. 213-221

Persistent link: https://www.econbiz.de/10012671022

The COVID-19 impact on corporate leverage and financial fragility

Haque, Sharjil Muktafi; Varghese, Richard - 2021

We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is...

Persistent link: https://www.econbiz.de/10012796218

Nonprofits and pass-throughs : performance comparison

Hull, Robert; Van Dalsem, Shane A. - In: International Journal of Financial Studies : open … 9 (2021) 1/13, pp. 1-43

Persistent link: https://www.econbiz.de/10012483154

Determinants of optimal capital structure and speed of adjustment : eEvidence from the U.S. ICT sector

Canarella, Giorgio; Miller, Stephen M. - 2019

Persistent link: https://www.econbiz.de/10012213922

Impact of selected characteristics of SMEs on the capital structure

Belás, Jaroslav; Gavurova, Beata; Tóth, Peter - In: Journal of business economics and management 19 (2018) 4, pp. 592-608

The optimal capital structure is a key precondition for business, even though defining the optimal capital structure is … entities. Given the specificities of companies in the SME segment, achieving an optimal capital structure is a challenging task … as there is no model of an optimal capital structure that can be universally applied in corporate practice. For this …

Persistent link: https://www.econbiz.de/10012174898

Impact of selected characteristics of SMEs on the capital structure

Belás, Jaroslav; Gavurova, Beata; Tóth, Peter - In: Journal of Business Economics and Management (JBEM) 19 (2018) 4, pp. 592-608

Persistent link: https://www.econbiz.de/10015401398