Money and Debt in the Structure of Payments [PDF]
Freeman (1996a,b) formulates a model in which arrangements based on intermediated debt that is settled using money achieve higher welfare than direct money payment achieves. A monetary authority can sometimes further improve welfare and achieve efficiency by participating in a secondary market for debt; and a private intermediary can also achieve ...
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The Dynamics of Corporate Debt Structure
We find that US public firms spread out their debt more across different sources in recession quarters, making measures of debt concentration move pro-cyclically. There is substantial cross-sectional variation in these dynamics. Firms with less leverage and higher debt concentration further decrease leverage and increase debt concentration in ...
HALLING, Michael +2 more
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CEO Overconfidence and Capital Structure Decisions: Evidence from India
Executive Summary Capital structure decisions are vital for firms. Existing theories on capital structure partially explain the difference in capital structure decisions of identical firms.
Hardeep Singh Mundi, Parmjit Kaur
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Capital structure and international debt shifting [PDF]
This paper presents a model that relates a multinational firm's optimal debt policy to taxation and to non-tax factors such as the desire to prevent bankruptcy. The model yields the predictions that a multinational's indebtedness in a country depends on national tax rates and differences between national and foreign tax rates.
Huizinga, Harry +2 more
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The Research on the Impact of Institutional Environment on Debt Maturity Structure
As an important part of the debt financing decision, the choice of debt maturity structure will not only affect investment and financing cost, corporate governance and liquidity risk, but also be directly related to the distribution of interests between ...
Y. Wu, X.J. Wang, X.N. Yang
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El flujo de caja como determinante de la estructura financiera de las empresas españolas. Un análisis en tiempos de crisis || Cash flow as determinant of financial structure of Spanish firms. Analysis in a crisis period [PDF]
Este trabajo propone el uso de la variable Flujo de Caja Contable de la Explotación (FCE) como un factor con incidencia significativa en la estructura financiera de la empresa española en un periodo (2008-2012) caracterizado por dificultades para la ...
Rodríguez-Masero, Natividad +1 more
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This paper analyzes the dynamic of the international debt of Heavily Indebted Poor Countries (HIPC), along with the socio-economic development. The structure of the paper is the following: a) the first part of the paper analyzes the dynamic of the ...
Paolo Palazzi
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The effect of real earnings management on auditing fees in listed companies in Tehran Stock Exchange [PDF]
This study aims to determine the relationship between the capital structure and economic value added. In this context, the rates of total debt to total asset, total current debt to total asset, total long debt to total asset and total debt to total ...
Mohammad Shameli Shahreza +1 more
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The Relationship between Capital Structure and Return on Assets, with an Emphasis on Inflation Caused by Government Decision Makings [PDF]
Decision making about capital structure, i.e. financing of the organizations, like other decision makings of managers, affects the value of the organizations.
Mahdi Salehi, Somayeh Yosefi
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This research aims to analyze the correlation of corporate growth, asset structure, business risk and free cash flow with debt policy. This research was conducted on SOEs companies Go Public registered in IDX period 2015 - 2019. This research sample used
Farah Fadhilah +2 more
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