Results 341 to 350 of about 552,943 (355)

The Debt-Equity Ratio

The Journal of Finance, 1961
THIS IS A theoretical and empirical investigation of how firms establish their capital structures. Though in a few instances an attempt is made to explain the diversity of the bond market, why several liens of bonds with different legal provisions and terms to maturity are found in the capital structure of a single firm, most of the theory is concerned
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Multivariate Analysis: and the Debt Ratio

1979
Although a great deal can be learnt from univariate analysis of the kind discussed in previous chapters, it is desirable, particularly when dealing with economic data, to try to consider sets of variables in combination. Firstly, as Singh pointed out,1 two firms with the same profitability could show different rates of return if they had different ...
D. P. O’Brien, R. J. O’Brien, D. M. Wright, W. S. Howe   +3 more
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Bankers on the board and the debt ratio of firms

Journal of Corporate Finance, 2005
Abstract We investigate the impact that bankers on the board have upon a firm's debt ratio, debt to total capital, 1 year subsequent to their appointment. We find that the presence of lending bankers on a firm's board negatively affects the debt ratio, while the impact of non-lending bankers varies with the firm's probability of financial distress ...
Daniel T. Byrd, Mark S. Mizruchi
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Reducing agency conflicts with target debt ratios

Journal of Economics and Finance, 2012
We show how target debt ratios in book value terms applied to new investment can improve alignment of investment incentives in firms when they have risky debt outstanding and asymmetric information. While wealth transfer from both agency conflicts can reduce the value of existing equity, new debt offsets the value loss to old shareholders. New debt set
Yong Jae Shin, Unyong Pyo, Howard E. Thompson   +2 more
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Debunking the Relevance of the Debt-to-GDP Ratio

SSRN Electronic Journal, 2018
Debt-to-GDP ratios do not predict fiscal outcomes. As ratios of government debt rise, some societies manage to deliver more responsible fiscal behaviour. Low debt ratios often mask dangerous currency or maturity mismatches which can suddenly impair banks and governments. Contingent liabilities, especially arising from the banking system, have the power
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IN SEARCH OF AN OPTIMAL DEBT RATIO FOR ECONOMIC GROWTH

Contemporary Economic Policy, 1995
This paper extends the work of Barro (1979), Eisner (1992), foines (1991), Sawhney and DiPietro (1994), and others and examines whether an optimal debt ratio exists that will maximize economic growth. The growth rate of real GDP is specified as a function of the debt ratio, the debt ratio squared, the growth rates of labor employment, capital services,
David J. Smyth, Yu Hsing
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To have a target debt ratio or not: what difference does it make?

Applied Financial Economics, 2010
The static tradeoff theory of capital structure predicts that firms aim to approach a target debt ratio. The theory provides several firm characteristics that determine this target ratio. In contrast, the pecking order model rejects a target debt ratio, because firms are expected to finance investments subsequently from (internal) equity, debt and ...
Patrick Verwijmeren, Abe de Jong
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The Debt Money Ratio: What Are the Limits?

1993
While the consequences of government deficits on the economy has been a continuing concern in the economic literature, the recent large increase in the US federal budget deficits has renewed interest in the topic. Most of the studies have concentrated on the same questions; one of them concerns the possible ways of financing the deficit.
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Impact of Debt-Equity Ratio on Chinese Banks

SSRN Electronic Journal, 2013
In the area of corporate finance, the impact of liabilities on investment decisions by companies has drawn keen attention. In other words, given simple assumptions, it is noted that there is no connection between fund procurement and the debt ratio.
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The Ratio of Net Worth to Debt

University Journal of Business, 1925
S. P. Meech, C. O. Hardy
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