Human Capital, Bankruptcy, and Capital Structure [PDF]
ABSTRACT We derive the optimal labor contract for a levered firm in an economy with perfectly competitive capital and labor markets. Employees become entrenched under this contract and so face large human costs of bankruptcy. The firm's optimal capital structure therefore depends on the trade‐off between these human costs and the tax ...
Jonathan B. Berk +2 more
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Collateral and capital structure [PDF]
We develop a dynamic model of investment, capital structure, leasing, and risk management based on firms' need to collateralize promises to pay with tangible assets. Both financing and risk management involve promises to pay subject to collateral constraints. Leasing is strongly collateralized costly financing and permits greater leverage.
S. Viswanathan, Adriano Rampini
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The Investigation the interactive effect of intellectual capital and investment efficiency on firm value in Tehran stock exchange [PDF]
Today's knowledge-based economy represents a great change and shift from financial resources to knowledge. Although the role of physical and financial assets in order to achieve the organization's objectives can not be denied, but what is important is ...
sadegh sarbazi azad +1 more
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Intellectual capital – bank efficiency nexus: evidence from an emerging market
This paper investigates the effect of intellectual capital (IC) and its components on the efficiency of Vietnamese commercial banks from 2007 to 2019 using the two-step Data Envelopment Analysis approach.
Tu DQ Le +3 more
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The Theory of Capital Structure [PDF]
ABSTRACTThis paper surveys capital structure theories based on agency costs, asymmetric information, product/input market interactions, and corporate control considerations (but excluding tax‐based theories). For each type of model, a brief overview of the papers surveyed and their relation to each other is provided. The central papers are described in
Harris, Milton, Raviv, Artur
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Structural capital in the system of technological development of society [PDF]
The current state of socio-economic development, characterized by a radical change in the technical and technological paradigm in a globalized world, is marked by new phenomena and processes.
Yuriy I. Pylypenko +3 more
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The impact of intellectual capital in organizational innovation: case study at Kuwait Petroleum Corporation (KPC) [PDF]
Purpose – The purpose of this paper is to study the relationship between intellectual capital and organizational innovation in Kuwait Petroleum Corporation (KPC) through a case study at KPC on the employees of the corporation (The study population was 2 ...
Hanan Ali Almutirat
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Explaining the effective variables in measuring intellectual capital and providing the optimal model [PDF]
The purpose of this research is to investigate and explain the effective variables in measuring intellectual capital and to provide an optimal model. This research is developmental in terms of its purpose, analytical-correlational in terms of the type of
hatef mollazadeh jebdreghi +3 more
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The Effect of Structural Capital on Identifying Business Opportunities with the Mediating Role of Strategic Agility (Case Study: Iranian Food Industry) [PDF]
Objective Given the shortening of the life cycle of products and the competition intensity in the food industry, opportunism and the timely implementation of opportunities is regarded as a key and winning feature in this industry.
Reza Sepahvand +3 more
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One crucial area that has not received good research attention is intellectual property. Even organizations engage the services of recruiting firms to get the best labour, and some workers earn more than others.
Madugba Joseph Ugochukwu +4 more
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