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This paper examines the relationships between the changes in the firm's capital structure and their effects on the firm's market value for three different levels of systematic risk. The underlying assumption of signalling is that when a firm changes its capital structure, its market value might...
Persistent link: https://www.econbiz.de/10005751546
This paper examines the relationships between the changes in the firm's capital structure and their effects on the firm's market value for three different levels of systematic risk. The underlying assumption of signalling is that when a firm changes its capital structure, its market value might...
Persistent link: https://www.econbiz.de/10008539547
This paper is about the innovative future of service industries, with a focus on knowledge-intensive business services (KIBS). The authors discuss the unique characteristics of service industries, the effects of internet technology and standardization in the realm of globalization and the future...
Persistent link: https://www.econbiz.de/10010620862
The purpose of this paper is to analyse the economic convergence of the European Union in terms of the effects of European Monetary Union (EMU), which began in 1999 and possible conflict with, 'social mobility' in Europe. Our focus is on the low rate of mobility in the labour market. We assume...
Persistent link: https://www.econbiz.de/10005313058
Persistent link: https://www.econbiz.de/10005005701
Persistent link: https://www.econbiz.de/10005603138
Philip Cheng, Brian Hilton and Chong Choi argue that the importance of knowledge has created a convergence of research interests for developed, high income and developing, low-income economies that makes the issue of knowledge a critical one in research into the evolving global economy. They...
Persistent link: https://www.econbiz.de/10005150053
This paper examines the association between firms' debt financing structure and operating performance. The paper focuses on debt as the firms' loans from banks, which is the general trend of debt financing in Egypt. Firms' operating performance is measured by three operating measures. The...
Persistent link: https://www.econbiz.de/10005543775
Since stocks’ systematic and unsystematic risks are considered the basic requirements to form an investment risk profile, this article develops a discriminant model to monitor the systematic and unsystematic risk in the Dubai Financial Market (DFM) general index. Three sectors are...
Persistent link: https://www.econbiz.de/10011137863
This study examines the relative speed of adjustments of debt ratios and explanatory powers of three groups of determinants of capital structure: firm-specific, country-wide and industry-wide. The sample includes non-financial firms listed in the DJIA and NASDAQ for quarterly periods 1992-2010....
Persistent link: https://www.econbiz.de/10010884850