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Interrelationship between taxes, capital structure decisions and value of the firm: A panel data study on Indian manufacturing firms

Sinha, Pankaj; Bansal, Vishakha - Volkswirtschaftliche Fakultät, … - 2014

undertaken in this study is able to capture the tax effects of debt. It shows clearly that companies consider partial …Since the development of efficient proxies for taxes, many researchers have proved the existence of impact of tax on … study the tax implications of financing decisions on the firm’s value. In this study an attempt is made to study the …

Persistent link: https://www.econbiz.de/10011109655

Leverage and Employee Death: Evidence from China’s Coalmining Industry

Nie, Huihua; Zhao, Huainan - Volkswirtschaftliche Fakultät, … - 2013

firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a … 3% increase in the number of death tolls. It suggests that reducing leverage in coalmining firms can be an effective way …

Persistent link: https://www.econbiz.de/10011260832

Identifying the Factors that Affect the Financial Sustainability in Balochistan Province of Pakistan

Sadiq, Waseem - Volkswirtschaftliche Fakultät, … - 2013

This study defines the factors affecting the financial sustainability in province of Balochistan. This research also describes that the financial sustainability in Balochistan is influenced by multiple diverse macro and micro level factors those create barriers and obstacles for development of...

Persistent link: https://www.econbiz.de/10011107356

Modeling Portfolio Risk by Risk Discriminatory Trees and Random Forests

Yang, Bill Huajian - Volkswirtschaftliche Fakultät, … - 2013

Common tree splitting strategies involve minimizing a criterion function for minimum impurity (i.e. difference) within child nodes. In this paper, we propose an approach based on maximizing a discriminatory criterion for maximum risk difference between child nodes. Maximum discriminatory...

Persistent link: https://www.econbiz.de/10011107951

Basel Accords and Islamic banking: A critical evaluation

Hasan, Zubair - Volkswirtschaftliche Fakultät, … - 2014

around the interests of various stakeholders, especially the depositors. Admittedly, it was the heightened lure of leverage …

Persistent link: https://www.econbiz.de/10011107999

Corporate Governance, Affirmative Action and Firm Value in Post-Apartheid South Africa: A Simultaneous Equation Approach

Ntim, Collins G. - Volkswirtschaftliche Fakultät, … - 2013

controlling for potential interdependencies among block ownership, board size, leverage, institutional ownership, firm value and a …

Persistent link: https://www.econbiz.de/10011110097

Director Shareownership and Corporate Performance in South Africa

Ntim, Collins G - Volkswirtschaftliche Fakultät, … - 2012

This paper investigates the relationship between director shareownership and corporate performance in South Africa using a sample of 169 listed firms from 2002 to 2007. Our results suggest a statistically significant and positive association between director shareownership and corporate...

Persistent link: https://www.econbiz.de/10011110287

The Sarbanes-Oxley Act, industrial innovation, and real option creation

Waters, James - Volkswirtschaftliche Fakultät, … - 2013

We look at the effect of the US Sarbanes-Oxley (SOX) financial regulation on industrial innovation. Our theoretical framework shows it creating immediate uncertainty about its costs and future resolution of cost and managerial performance uncertainty. Real option value is created for investment...

Persistent link: https://www.econbiz.de/10011110292

The effect of board structure on firm value: a multiple identification strategies approach using Korean data

Black, Bernard; Kim, Woochan - Volkswirtschaftliche Fakultät, … - 2011

Outside directors and audit committees are widely considered to be central elements of good corporate governance. We use a 1999 Korean law as an exogenous shock to assess how board structure affects firm market value. The law mandates 50% outside directors and an audit committee for large public...

Persistent link: https://www.econbiz.de/10011110403

Rescate y costos del riesgo financiero

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2014

First externalities risk due to the size of the companies or the principle that large companies are also at risk of bankruptcy (too big to fail) are examined. The problem is illustrated by a case in which extreme risks with negative consequences for savers and investors are taken. If we...

Persistent link: https://www.econbiz.de/10011110979