Governance of non-state-owned shareholders and corporate capital structure decision: A mechanism test from the opportunistic behavior of management. [PDF]
It is an important measure in the reform of state-owned enterprises to improve the efficiency of capital operation by introducing non-state-owned shareholders.
Jiao Wang +3 more
doaj +2 more sources
Non-controlling large shareholders and dynamic capital structure adjustment in China. [PDF]
Using the sample of Chinese A-share listed firms from 2010 to 2020, this study examines the impact of non-controlling large shareholders (NCLSs) on corporate capital structure adjustment.
Jia Liao, Yun Zhan, Yu Yuan, Ailing Xu
doaj +2 more sources
CAPITAL STRUCTURE AND VENTURE CAPITAL [PDF]
Venture capital significantly changes the capital structure of the portfolio company at the time of the investment. Venture capitalists contribute to the company’s success through their active involvement in the management and their added value appears ...
Becsky-Nagy Patricia, Karaszi Erika
doaj +1 more source
Human Capital, Bankruptcy and Capital Structure [PDF]
We derive a firm's optimal capital structure and managerial compensation contract when employees are averse to bearing their own human capital risk, while equity holders can diversify this risk away. In the presence of corporate taxes, our model delivers
Jonathan B. Berk +2 more
core +2 more sources
Demographic Structure and Capital Accumulation. [PDF]
This paper develops an overlapping-generations (OLG) model to analyze the consequences of demographic structure changes induced by an exogenous shift in the birth rate.We first show that a finite growth rate of the population that maximizes long-run ...
d'Albis, Hippolyte
core +11 more sources
Plasma-Driven Photocatalysis Based on Gold Nanoporous Arrays
Various effects caused by surface plasmons including enhanced electromagnetic field, local heating, and excited electrons/holes can not only redistribute the electromagnetic field in the time domain and space but also redistribute the excited carriers ...
Lisheng Zhang +3 more
doaj +1 more source
Photocatalytic Properties of Silver Nanospherical Arrays Driven by Surface Plasmons
Surface-enhanced Raman scattering (SERS) is a promising technique to study the plasma-driven photocatalytic reactions. Hemispherical alumina nanoarrays with a regular hexagonal arrangement are firstly prepared; then, silver hemispherical nanoarrays are ...
Lisheng Zhang, Xueyan Wang, Yiyuan Zhang
doaj +1 more source
Nanowire dimer optical antenna brightens the surface defects of silicon
Plasmonic hot spots located between metallic dimer nanostructures have been utilized comprehensively to achieve efficient light emission. However, different from the enhancement occurred in the plasmonic hot spot, the investigation of light emission off ...
Li Ze +7 more
doaj +1 more source
Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues [PDF]
Even 50 years after Modigliani/Miller’s irrelevance theorem, the basic question of how firms choose their capital structure remains unclear. This survey paper aims at summarizing and discussing corresponding recent developments in empirical capital ...
Elsas, Ralf, Florysiak, David
core +5 more sources
Collateral and capital structure [PDF]
We develop a dynamic model of investment, capital structure, leasing, and risk management based on firms' need to collateralize promises to pay with tangible assets. Both financing and risk management involve promises to pay subject to collateral constraints. Leasing is strongly collateralized costly financing and permits greater leverage.
S. Viswanathan, Adriano Rampini
openaire +2 more sources

