Showing 1 - 8 of 8
structure and corporate governance on firms' financing decisions, unbalanced panel data covering a period from 2002 to 2007 is …
Persistent link: https://www.econbiz.de/10009392971
a new model of capital structure that generates insights into firms’ financing decisions and disclosure decisions, as …
Persistent link: https://www.econbiz.de/10009319834
Purpose -The purpose of this paper is to examine whether or not industry membership can explain the leverage of Shanghai listed firms prior to the 2007 financial crisis. In view of the central role that manufacturing industry played in China's rise as a global economic power, the authors are...
Persistent link: https://www.econbiz.de/10010814863
In this paper we examine how financial constraints, especially fluctuations in the supply of credit, affect the capital structure of 1537 publicly listed Japanese firms from 1980 to 2007, in a data set with 33,000 observations. It is one of the first studies to do so and is inspired by the...
Persistent link: https://www.econbiz.de/10010574542
Purpose – This paper aims to identify a set of potential determinants of capital structure. By knowing the key determinants, it is possible to understand how building contractors make decisions on capital structure.Design/methodology/approach – A questionnaire survey was conducted to solicit...
Persistent link: https://www.econbiz.de/10009475290
Purpose – This paper aims to test the irrelevance proposition whereby changes in capital structure do not affect firm value. Design/methodology/approach – The long-run effect of changes in capital structure on firm value is examined, using a sample of 243 French firms over the period...
Persistent link: https://www.econbiz.de/10005002501
-point, the paper first investigates whether they follow the financing pattern implied by the pecking order theory and then … financing hierarchy holds. Analysis should not rely solely on the mean-oriented regression quantitative analysis to test the … on investigating the reasons that underlie actual firm financing. Practical implications – The fact that the pecking …
Persistent link: https://www.econbiz.de/10005002503
venture financing, and are tested on longitudinal empirical data. Results of multivariate analysis, through structural …
Persistent link: https://www.econbiz.de/10005060148