Results 261 to 270 of about 122,109 (310)

Corporate Blockholders and Financial Leverage

SSRN Electronic Journal, 2018
AbstractThis research investigates the relation between corporate blockholders and firm financial leverage. Corporate blockholders—nonfinancial firms who hold more than five percent equity in another company—might affect firm policies through their business relations, monitoring, or expropriations.
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Financial Leverage Does Not Cause the Leverage Effect

SSRN Electronic Journal, 2006
We quantify the effect of financial leverage on stock return volatility in a dynamic general equilibrium economy with debt and equity claims. We study the effects of financial leverage on the market portfolio, and on a small firm with idiosyncratic and market risk.
Abdullah C. Aydemir, Michael F. Gallmeyer, Burton Hollifield   +2 more
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MARKET POWER, PROFITABILITY AND FINANCIAL LEVERAGE

The Journal of Finance, 1974
A NUMBER of studies have examined the relationship between market power, measured by seller concentration' or by the existence of entry barriers,2 and profitability, usually measured by the ratio of net income to the book value of stockholders' equity.
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Leverage and Financial Instability

Voprosy Ekonomiki, 2012
In the paper some prominent features of a modern financial system are studied using the model of leverage dynamics. Asset securitization is considered as a major factor increasing aggregate debt and hence systems uncertainty and instability. A simple macrofinancial model includes a logistic equation of leverage dynamics that reveals origins of a ...
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Payroll and Financial Leverage

SSRN Electronic Journal, 2016
I examine how payroll rigidity affects corporate financing decisions by estimating a dynamic model in which investment, employment, and financing decisions are determined endogenously as a result of exogenous labor market frictions. I find that, after negative productivity shocks, firms' inability to reduce payroll leads them to reduce leverage; after ...
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Leverage effects of financial markets in financial crisis

International Journal of Modern Physics C, 2020
We have investigated the leverage effects of three major financial markets within a time frame from 2000 to 2012 throughout the 2008 financial crisis. First, dividing the considered time into four consecutive periods, we find the leverage effects of markets exhibiting similar pattern at various periods.
Jin Li, Zhi-Gang Shao
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Leverage and preemptive selling of financial institutions

Journal of Financial Intermediation, 2010
In our model, financial firms’ leverage choices and asset sales impose externalities on other financial firms. This means that individual firms cannot determine their optimal capitalizations in isolation, but have to take the aggregate financial sector characteristics into account. They become more aggressive when their peers are more conservative. For
Antonio E. Bernardo, Ivo Welch
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Financial Leverage in Business

Nauki Ekonomiczne
Objective — A principal aim of this article is to investigate the feasibility of a company’s rational deployment of financial leverage within the context of the Polish economic environment. The authors aim to demonstrate that the selection of appropriate capital can impact a company’s profitability.
Maksimczuk, Marta, Grzywacz, Jacek
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The relationship between operating leverage and financial leverage

Accounting & Finance, 2018
AbstractWe model the relationship between operating and financial leverage. When operating leverage is exogenously specified, financial leverage is a monotonically decreasing function of operating leverage. When financial leverage is exogenously specified, operating leverage is initially increasing and subsequently decreasing in financial leverage ...
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Operating leverage, financial leverage, and equity risk

Journal of Banking & Finance, 1983
Abstract The analysis investigates the combined leverage effect of a fixed capacity decision (fixed cost) plus debt on the risk of equity returns. It is argued that the traditional DOL-DFL calculation is incorrect. A correct calculation is given, using the fact that the capacity decision is endogenous to the firm's decision process.
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