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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/10012483154
Sales growth is essential for an enterprise's survival and financial growth.If an enterprise manages to achieve sales growth, its expansion can be accomplished. However, does sales growth always have only positive effects?If the enterprise is not collecting enough cash, it can miss a payment on...
Persistent link: https://www.econbiz.de/10014425519
Recently, there have been several retail companies experiencing bankruptcy. Many studies on bankruptcy risk are more seen from the financial performance perspective. Studies on the risk of financial performance are good but it seems too late to detect the risk. So far, no research investigates...
Persistent link: https://www.econbiz.de/10012225246
This article attempts to identify the default risk measure which best reflects the idiosyncratic context of public family firms. Seven accounting- and market-based measures are compared over a sample of 981 US family and non-family firms for the period 2000-2016. The results show that the...
Persistent link: https://www.econbiz.de/10013272953
The aim of this article is to prove the key role of the structure of the research sample used for accuracy determining on the accuracy of bankruptcy models. The creators of these models report the accuracy usually in the range of 60 to 90%. The authors of this article claim that these values are...
Persistent link: https://www.econbiz.de/10012175694
The purpose of the article is to analyse the impact of various financial ratios used to evaluate a company’s liquidity … developing countries, the relationship between liquidity and solvency on the one hand and the return on equity on the other is … still not clear. Poland is the most economically developed country in Central and Eastern Europe. A thorough analysis is …
Persistent link: https://www.econbiz.de/10012303197
De- and re-levering betas is important to obtain discount rates for assets that are not publicly traded. A de- and re-levering procedure is around for the case of risk-free debt. The procedure for risky debt is much less clear even under very simplifying assumptions. In this paper, I concretize...
Persistent link: https://www.econbiz.de/10012256377
The effect of stock liquidity on stock returns is well documented in the developed capital markets, while similar …-dependent variance of liquidity premium in the Polish stock market. The Polish capital market may serve as a benchmark for other emerging … investors and policy makers in Poland and other post-communist European countries. In the empirical, study a unique empirical …
Persistent link: https://www.econbiz.de/10012238765
Social enterprise (SE) studies are gaining ground as an emerging research domain owing to the duality characterizing their business models for tapping the triple bottom line (TBL) principle, which is a framework measuring the three pillars of sustainability: people, planet, and profit. This...
Persistent link: https://www.econbiz.de/10014388883
Due to the influence of numerous factors that make it difficult to find the innovative solutions to social and environmental problems that social enterprises deal with, there is a need for a joint action of social enterprises, both with each other and with other actors operating in their...
Persistent link: https://www.econbiz.de/10014281876