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Finanzierungstheorie: Ein selektiver Überblick

Krahnen, Jan Pieter - 1998

selektive Überblick konzentriert sich auf zentrale Aspekte der Theorie und Empirie der Managementkontrolle bei asymmetrischer …

Persistent link: https://www.econbiz.de/10010316235

Fiscal, monetary, and financial interactions in dynamic general equilibrium

Strulik, Holger - 2008

This paper proposes a model that links households and firms, as usual, by markets for factors and goods and, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium, agency costs and tax benefits of corporate debt are...

Persistent link: https://www.econbiz.de/10010265686

Determinants of corporate financing decisions: A survey evidence from Czech firms

Jindřichovská, Irena; Körner, Pavel - 2008

managers perceive particular instruments of internal and external financing. We find, that firms follow pecking order theory … for working capital financing, however the arguments for pecking order theory in investment financing are not that strong …

Persistent link: https://www.econbiz.de/10010322315

Investor protection and business creation

Hyytinen, Ari; Takalo, Tuomas - 2004

We study the effects of investor protection on the availability of external finance, entrepreneurship, and creation of new firms in an equilibrium search model of private capital markets. In addition to search frictions, we examine contract frictions, specifically interim and ex post moral...

Persistent link: https://www.econbiz.de/10010284922

Innovative Finanzierungsmodelle in Unternehmensnetzwerken

Hornbach, Christian - 2005

Persistent link: https://www.econbiz.de/10010475183

What do internal capital markets do? Redistribution vs incentives

Gautier, Axel; Heider, Florian - 2001

In this paper we explain the apparent ''diversification discount'' of conglomerates without assuming inefficient-cross subsidisation through internal capital markets. Instead we assume that an internal capital market efficiently redistributes scare resources across a conglomerate's divisions...

Persistent link: https://www.econbiz.de/10011608838

Discrete and continuous time dynamic mean-variance analysis

Reiss, Ariane - 1999

Contrary to static mean-variance analysis, very few papers have dealt with dynamic mean-variance analysis. Here, the mean-variance efficient self-financing portfolio strategy is derived for n risky assets in discrete and continuous time. In the discrete setting, the resulting portfolio is...

Persistent link: https://www.econbiz.de/10010305021

Does Dividend Policy Have a Political Dimension? The British Case

Bank, Steven; Cheffins, Brian; Goergen, Marc - In: CESifo DICE Report 05 (2007) 1, pp. 33-37

Persistent link: https://www.econbiz.de/10011696605

Neutral taxation of shareholder income?: corporate responses to an announced dividend tax

Alstadsæter, Annette; Fjaerli, Erik - 2009

tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a …

Persistent link: https://www.econbiz.de/10010264543

Dividend-Protected Convertible Bonds and the Disappearance

Grundy, Bruce D.; Verwijmeren, Patrick - 2012

important change in convertible security design, namely that more than 95 percent of recent convertible bond issues are dividend …-protected. Dividend protection means that the conversion value of the shares into which a bond is convertible is unaffected by dividend … payments and dividendrelated rationales for call delay become moot. We document that dividend-protectedconvertibles are called …

Persistent link: https://www.econbiz.de/10010326309