Results 341 to 350 of about 15,169,374 (386)

Intangible Assets and Capital Structure

Journal of Banking & Finance, 2019
With intangible assets representing at least one third of U.S. corporate assets and one half of annual investment, it is important to understand to what extent intangible assets support debt.
Steve C. Lim, Antonio J. Macias, T. Moeller   +2 more
semanticscholar   +1 more source

Carbon Risk and Corporate Capital Structure

Journal of Corporate Finance, 2018
This research exploits Australia's ratification of the Kyoto Protocol, which mandates the country to reduce carbon emissions, thereby exposing Australian firms to increased carbon risk, as a quasi-natural experiment to examine the causal effect of carbon
Justin Hung Nguyen, Hieu V. Phan
semanticscholar   +1 more source

Liquidity and Capital Structure

SSRN Electronic Journal, 2009
Abstract We examine the relation between equity market liquidity and capital structure. We find that firms with more liquid equity have lower leverage and prefer equity financing when raising capital. For example, after sorting firms into size quintiles and then into liquidity quintiles, the average debt-to-asset ratio of the most liquid quintiles is
Sandra Mortal, Marc L. Lipson
openaire   +3 more sources

The reciprocal relationship between profitability and capital structure and its impacts on the corporate values of manufacturing companies in Indonesia

International Journal of Productivity and Performance Management, 2019
PurposeThe purpose of this paper is to investigate the reciprocal relationship between profitability and capital structure and its impacts on the corporate values of manufacturing companies in Indonesia.Design/methodology/approachThis research is a ...
S. Rahayu, Suhadak, Muhammad Saifi
semanticscholar   +1 more source

Board Features and Capital Structure in Emerging Markets

, 2018
The objective of this research is to investigate, in emerging markets Jordanian non-financial firms, the effect of two main measurements/indicators of board feature on a firm’s growth/capital structure.
T. Alabdullah, Adala Laadjal, E. Ahmed, Y. Al-Asadi   +3 more
semanticscholar   +1 more source

Capital Structure and a Firm's Workforce

Annual Review of Financial Economics, 2018
While businesses require funding to start and grow, they also rely on human capital, which affects how they raise funds. Labor market frictions make financing labor different than financing capital.
David A. Matsa
semanticscholar   +1 more source

ON THE EXISTENCE OF AN OPTIMAL CAPITAL STRUCTURE: THEORY AND EVIDENCE

, 1984
ONE OF THE MOST contentious issues in the theory of finance during the past quarter century has been the theory of capital structure. The geneses of this controversy were the seminal contributions by Modigliani and Miller [18, 19].
M. Bradley, G. Jarrell, E. H. Kim
semanticscholar   +1 more source

Operating Leverage, Profitability and Capital Structure

, 2019
Operating leverage crowds-out financial leverage while also increasing profitability. Thus, operating leverage generates the negative relation between profitability and financial leverage that appears to be inconsistent with the trade-off theory, but is ...
Zhiyao Chen, J. Harford, Avraham Kamara
semanticscholar   +1 more source

Capital Structure Choices

SSRN Electronic Journal, 2011
We examine three pairs of cross-section regressions that test predictions of the tradeoff model, the pecking order model, and models that center on market conditions. The regressions examine (i) the split of new outside financing between share issues and debt, (ii) the split of debt financing between short-term and long-term, and (iii) the split of ...
Eugene F. Fama, Kenneth R. French, Kenneth R. French   +2 more
openaire   +3 more sources

Firm Age, Corporate Governance, and Capital Structure Choices

, 2017
Do the effects of corporate governance on corporate capital structure choices change as a public firm ages? First, we address the direct effects of firm age and governance features on both its decisions to use debt and how much debt to employ.
R. Kieschnick, R. Moussawi
semanticscholar   +1 more source