Capital structure strategies through the lens of ESG: assessing trends between Brazil and China
Revista Ambiente ContábilObjective: This paper aims to analyze, in a comparative way, whether the adoption of Environmental, Social and Corporate Governance (ESG) practices by Brazilian and Chinese companies influences the choice of a capital structure in accordance with the ...
Daniela Cristina de Andrade +3 more
doaj +1 more source
The capital structure of Swiss companies: an empirical analysis using dynamic panel data [PDF]
In this paper, we analyze the determinants of the capital structure for a panel of 106 Swiss companies listed in the Swiss stock exchange. Both static and dynamic tests are performed for the period 1991-2000.
André Bender +3 more
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Pengaruh Struktur Aktiva, Ukuran Perusahaan, Dan Profitabilitas Terhadap Struktur Modal Emiten Sektor Telekomunikasi Periode 2000-2006: Sebuah Pengujian Hipotesis Pecking Order [PDF]
, 2008 The aim of this research is to examine pecking order hypothesis with some variables that have impact on capital structure such as asset tangibility, firm’s size, and profitability.
Hadianto, B. (Bram)
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Financial Statement Readability and Firm Debt Choice
Financial Management, EarlyView.ABSTRACT Examining more than 16,000 firm‐year observations in the United States, we provide novel evidence showing that higher financial statement readability leads to a decrease in information asymmetry and the need for external monitoring, thereby reducing the reliance on bank debt relative to public debt.
Wajih Abbassi +3 more
wiley +1 more source
A REVIEW OF THE CAPITAL STRUCTURE THEORIES [PDF]
In this paper the authors survey capital structure theories, from the start-up point, which is considered Modigliani and Miller’s capital structure irrelevance theorem, to recent theories, such as the pecking order and the market timing theory.
Popescu Luigi, Visinescu Sorin
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Geopolitical Risk and Domestic Bank Deposits
Financial Management, EarlyView.ABSTRACT We investigate the relationship between global geopolitical risk and bank deposit flows across a wide panel of European countries. Motivated by the pivotal role of deposit stability for financial intermediation and systemic resilience, we explore whether geopolitical shocks alter depositors’ portfolio choices.
Dimitris Anastasiou +3 more
wiley +1 more source
Studi Keterkaitan antara Dividend Payout Ratio, Financial Leverage dan Investasi dalam Pengujian Hipotesis Pecking Order Theory pada Perusahaan Non Keuangan di Bursa Efek Indonesia [PDF]
, 2014 Penelitian ini ingin menguji pecking order theory pada Perusahaan non keuangan di BEI, dengan melihat keterkaitan antara dividend payout ratio, financial leverage dan investasi.
Ayu Darmayanti, Ni Putu +1 more
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Risk Perceptions and Corporate Financing Behavior
Financial Management, EarlyView.ABSTRACT Using a recently developed measure of financial market risk perceptions, we show that risk perceptions affect firm‐level corporate financing behavior. Firms tend to adjust their capital structures to cater to investors' appetite for risk. When perceived risks are low, firms tend to choose more leveraged capital structures to take advantage of ...
Youngmin Choi +2 more
wiley +1 more source
The Determinants of Corporate Liquidity in the Netherlands [PDF]
We investigate the driving forces of corporate liquidity for a balanced panel of large Dutch non-financial firms during the period 1986-1997 using an error-correction framework.
Bruinshoofd,Allard, Kool,Clemens
core +1 more source