This paper examines time-series patterns of external financing decisions and shows that publicly traded U.S, firms fund … firms' historical financing decisions. We also introduce a new econometric technique This paper examines time …

the case where only standard financial contracts are available. The theory explains why bankruptcy law should, in some … besseren Firmen die Eigner und die Gläubiger gemeinsam über das Fortbestehen der Firma entscheiden sollten. Die Theorie kann …

cumulative outcome of past attempts to time the equity market. Baker and Wurgler extend market timing theory to long-term capital …Baker and Wurgler (2002) define a new theory of capital structure. In this theory capital structure evolves as the … structure, but their results do not clearly distinguish between the two versions of market timing: perceived mispricing and …

time series yield similar outcomes. Consequently, I state that the first merger wave coincided with a period of real …The merger wave that took place during the first phase of globalization, which lasted from 1895 to 1914, changed the … in firm size between 1895 and 1912. In contrast, he founds that the median of firm size stayed unchanged over time …

. Problems that may occur during post-merger integration include the incompatibility of the partners? technologies and the … Unternehmen nicht den richtigen Partner findet oder keine Unterst?tzung von seinen Investoren erh?lt. W?hrend der Post-Merger …. Zudem kann ein M&A mit einer anderen Firma die weitere Kapitalakquisition von Investoren in dieser Zeit erleichtern. Die …

that the cross-border M&A of two symmetric firms can result in negative financial synergy, whereas the merger of two …

propose an explanation for these empirical findings, based on time-varying risk, i.e. stochastic volatility. In our model …