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Boardroom dynamics: The power of board composition and gender diversity in shaping capital structure

Yakubu, Ibrahim Nandom; Oumarou, Seydou - In: Cogent Business & Management 10 (2023) 2, pp. 1-19

This study investigates the impact of board composition and gender diversity on capital structure using a dataset comprising 30 publicly traded Ghanaian firms from 2008 to 2018. By employing the system generalized method of moments (GMM) as the analytical technique and controlling for firm size...

Persistent link: https://www.econbiz.de/10014527556

The application of financing and dividend decision techniques in practice among Ghanaian chief financial officers (CFOs)

Owusu-Ansah, Anthony; Addico, Nene Lartey; Amewu, Godfred - In: Cogent Business & Management 10 (2023) 1, pp. 1-31

We use a survey approach to investigate how managers in a frontier market apply financing and dividend decision techniques in practice. 15 firm characteristics were grouped into paired subgroups for a two-sample t-test analysis that generated statistical differences, economic significance levels...

Persistent link: https://www.econbiz.de/10014527729

The impact of financial structure on firms' financial constraints: a cross-country analysis

Baum, Christopher F.; Schäfer, Dorothea; Talavera, … - 2009

We estimate firms' cash flow sensitivity of cash to empirically test how the financial system's structure and activity level influence their financial constraints. For this purpose we merge Almeida, Campello and Weisbach (2004), a pathbreaking new design for evaluating a firm's financial...

Persistent link: https://www.econbiz.de/10010271089

Do natural resource sectors rely less on external finance than manufacturing sectors?

Hattendorff, Christian - 2012

The finding that industrial sectors differ in their dependence on external finance for sector-specific technological …

Persistent link: https://www.econbiz.de/10010318765

Unternehmen leiden kaum unter Finanzierungsschwierigkeiten durch die Finanzmarktkrise

Abberger, Klaus; Kunkel, André - In: ifo Schnelldienst 61 (2008) 09, pp. 29-31

Nur wenige Unternehmen klagen über verschlechterte Finanzierungsbedingungen aufgrund der Finanzmarktkrise. Dies ergab eine aktuelle Befragung von Unternehmen durch das ifo Institut. Die große Mehrzahl der Unternehmen, 82%, berichtete von unveränderten Finanzierungsmöglichkeiten. Für die...

Persistent link: https://www.econbiz.de/10011692774

No derivative shareholder suits in Europe: A model of percentage limits and collusion

Grechenig, Kristoffel; Sekyra, Michael - 2010

We address one of the cardinal puzzles of European corporate law: the lack of derivate share-holder suits. We explain this phenomenon on the basis of percentage limits which require share-holders to hold a minimum amount of shares in order to bring a lawsuit. We show that, under this legal...

Persistent link: https://www.econbiz.de/10010270439

An examination of Canadian firms delisting from US exchanges

Witmer, Jonathan - 2008

This paper examines Canadian and other foreign firms that have been involuntarily delisted from major U.S. exchanges. I find that, for most countries, less than 10% of firms get delisted from a U.S. exchange during my sample period. For Canada, more than 25% of firms listed in the United States...

Persistent link: https://www.econbiz.de/10010279991

Financial Determinants of Foreign Direct Investment

Forssbæk, Jens; Oxelheim, Lars - 2008

We argue that mainstream FDI theory underplays financial motivations for interna-tional investment, and suggest several possible channels for a distinct cost-of-capital effect on FDI. Using a sample of European firms' cross-border acquisitions, and controlling for traditional firm-level...

Persistent link: https://www.econbiz.de/10010320048

Source of finance, growth and firm size: Evidence from China

Du, Jun; Girma, Sourafel - 2009

financing source matters for firm growth is greater for small firms than big firms. Self-raised finance appears to be most … size, finance and growth also depends on ownership. In addition, there exist strong complementarities between formal and … informal finance, as well as between indigenous and foreign finance. …

Persistent link: https://www.econbiz.de/10010273480

Capital structure decisions under the German tax code

Nippel, Peter - 2006

We consider the tax advantage of an increase in the firms leverage under the German tax code. The analysis is performed (i) for the case of a given investment and future dividend policy and (ii) to decide on the relative tax advantage of debt versus equity for funding new investments. We start...

Persistent link: https://www.econbiz.de/10011558817