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Protection of Trade Secrets and Capital Structure Decisions
, 2017Firms strategically choose more conservative capital structures when they face greater competitive threats stemming from the potential loss of their trade secrets to rivals.
Sandy Klasa +3 more
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Research on capital structure determinants: a review and future directions
, 2017Purpose The purpose of this paper is to study the status of studies on capital structure determinants in the past 40 years. This paper highlights the major gaps in the literature on determinants of capital structure and also aims to raise ...
Satish Kumar +2 more
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Capital Structure and the Cost of Capital
2018The cost of capital is one of the most relevant variables in the company’s valuation models. It is probably one of the most relevant topics for managers and financial economists. For decades several studies have focused on the relationship between capital structure, cost of capital and company value. Despite a broad experience approach in both academic
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Debt Covenants and the Speed of Capital Structure Adjustment
, 2017This paper examines the impact of debt covenants on the speed of capital structure adjustment. Overall, we find that covenants lower the speed of adjustment by 10–13%, relative to the speed of adjustment of firms without covenants.
Erik Devos +2 more
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The structure of intangible capital
2016© 2016 Taylor & Francis Group, London.The article deals with the structure of intangible capital. A significant share of the intangible capital is associated with a person and can be considered as human capital, which, in turn, also has a complex structure, including intellectual, social, organizational, cliental, and reputational capital.
E Fakhrutdinova +2 more
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Dynamic Capital Structure and the Contingent Capital Option
SSRN Electronic Journal, 2010The financial crisis has emphasized the difficulties for financial companies to raise funds through conventional liabilities. In this environment, hybrid securities are becoming popular. In this paper we study the optimal capital structure of a company issuing a particular type of hybrid security: perpetual contingent capital, i.e., debt that converts ...
BARUCCI, EMILIO, L. Del Viva
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Female directors, capital structure, and financial distress
, 2021C. García, Begoña Herrero
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SSRN Electronic Journal, 2011
ABSTRACT This paper presents a mean-variance form of the static trade-off model in the presence of corporate tax, personal tax brackets, and systematic leverage costs represented by the risk premium of risky debt. The risk premium of risky debt is determined using the model of Merton (1974).
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ABSTRACT This paper presents a mean-variance form of the static trade-off model in the presence of corporate tax, personal tax brackets, and systematic leverage costs represented by the risk premium of risky debt. The risk premium of risky debt is determined using the model of Merton (1974).
openaire +2 more sources