The effect of debt on corporate profitability : Evidence from French service sector [PDF]
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can be explained by three essential theories: signaling theory, tax theory and the agency cost theory. Using panel data sample of 2240 French non listed companies of service sector during 1999-2006.
arxiv
Fiscal Policy and Public Debt Dynamics in Italy [PDF]
We examine the historical dynamics of government debt in Post-Unification Italy, from 1861 to 2009. Unit root tests for the debt-GDP ratio are unable to reject either the non stationarity or the stationarity null hypothesis. Controlling debt dynamics for
Piergallini, Alessandro+1 more
core +1 more source
ANALISIS RASIO KEUANGAN UNTUK MENILAI KINERJA PERUSAHAAN RAMAYA BAKERY MOJOSARI [PDF]
This research is a case study in the Ramayana Company Bakery Mojosari with the title "Financial Ratio Analysis To Assess the Financial Performance Company Bakery Mojosari Ramayana." The purpose of this study is to investigate the financial position and ...
SARI, MUJI ETIKA
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Gender Diversity Leadership and ESG Performance: The Influence of Women on Boards and in Management
ABSTRACT In recent years, there has been a growing interest among companies and regulatory bodies in adhering to environmental, social, and governance (ESG) standards, alongside an increased involvement of women in organizational decision‐making processes.
Davide Sandretto+2 more
wiley +1 more source
Optimal Control of Debt-to-GDP Ratio in an N-state Regime Switching Economy [PDF]
We solve an infinite time-horizon bounded-variation stochastic control problem with regime switching between $N$ states. This is motivated by the problem of a government that wants to control the country's debt-to-GDP (gross domestic product) ratio.
arxiv
Does a change in debt structure matter in earnings management? the application of nonlinear panel threshold test [PDF]
In this study, we apply Hansen¡¦s (1999) nonlinear panel threshold test, the most powerful test of its kind, to investigate the relationship between debt ratio and earnings management of 474 selected Taiwan-listed companies during the September 2002 ...
Yi-Pei Liu, Yu-Shu Cheng
core
Does Climate Change Risk Impact Insurance Credit Risk? Cross Country Evidence
ABSTRACT While climate change poses a significant financial risk to the insurance industry, research has not yet examined the impact on the insurer's credit risk. This study investigates the impact of climate change risks on credit risk for insurance firms.
Jassem Alokla+2 more
wiley +1 more source
Understanding the Great Recession Using Machine Learning Algorithms [PDF]
Nyman and Ormerod (2017) show that the machine learning technique of random forests has the potential to give early warning of recessions. Applying the approach to a small set of financial variables and replicating as far as possible a genuine ex ante forecasting situation, over the period since 1990 the accuracy of the four-step ahead predictions is ...
arxiv
Optimal Debt-to-Equity Ratios and Stock Returns [PDF]
Value maximization of a firm depends heavily on the financial leverage of the company. This is measured by the debt- to- equity ratio, which explains what proportions of debt and equity are being used to finance the firm s assets. By adjusting this ratio, firms can influence their stock performance.
openaire +3 more sources
A Note on the Debt Sustainability Issue In Turkey [PDF]
The purpose of the paper is to shed light on the composition of the public sector debt stock and using the end-2002 net public debt stock-to-GNP ratio as the starting point, estimate the primary surplus-to-GNP ratio that will be necessary for the ...
Nur Keyder
core