Results 251 to 260 of about 62,053 (298)

Financial restructuring and target capital structure

open access: yesReview of Accounting and Finance, 2018
Purpose This paper aims to present an iterative algorithm that yields the amount of debt contracting/repayment or equity investment necessary to achieve the target capital structure. The model also helps to estimate the gains in shareholder value that result from financial restructuring process and lead to the optimal leverage ratio.
Paweł Mielcarz, Dmytro Osiichuk
exaly   +3 more sources

Target Capital Structure of Insurance Companies

Economics of the Firm, 2016
This article is devoted to the analysis of the existence of target capital structure of insurance companies and empirical testing of wide known capital structure theories for Russian insurance companies. Trade-off and “pecking order” theories were considered and the model that reflects the impact on the capital structure indicators various ...
K. Polyakov   +3 more
openaire   +1 more source

How does uncertainty influence target capital structure?

Journal of Corporate Finance, 2019
Abstract This study investigates how uncertainty affects firms’ target capital structure using a panel data set of U.S. public manufacturers between 2003 and 2018 and finds that high-uncertainty firms have 10.1 (8.1) percentage points lower mean book (market) targets than low-uncertainty firms.
Im, Hyun Joong, Kang, Ya, Shon, Janghoon
openaire   +2 more sources

Dynamic adjustment towards target capital structure: evidence from Indian companies

open access: yesJournal of Advances in Management Research, 2010
PurposeThe purpose of this paper is to study the dynamics of capital structure in the context of Indian manufacturing companies in a partial‐adjustment framework during the period 1993‐1994 to 2007‐2008.Design/methodology/approachThis paper specifies a ...
Jitendra Mahakud
exaly   +2 more sources

Do Indonesian firms practice target capital structure? A dynamic approach

open access: yesJournal of Asia Business Studies, 2016
This study investigates the dynamic aspects of capital structure particularly on the existence of target capital structure, the speed of adjustment and the factors influencing target capital structure of Indonesian firms. This study finds that Indonesian
Razali Haron
exaly   +2 more sources

Capital structure and outcome of proxy contest targets

Managerial Finance, 2010
PurposeThe purpose of this paper is to investigate the influence of capital structure changes by target firms on the outcome and ex post performance of firms targeted by proxy contests.Design/methodology/approachThe influence is examined by using predictions of control‐driven model developed by Harris and Raviv and signaling theory of debt in capital ...
Ning Gao, Jason Everett Brooks
openaire   +1 more source

Heterogeneous Speeds of Adjustment in Target Capital Structure

SSRN Electronic Journal, 2012
This paper finds strong support for the argument that heterogeneous adjustment costs significantly affects the speed with which a firm approaches its target capital structure. We find that firms with higher non-debt tax shields (from R&D), and cash holdings adjust faster to their target capital structure.
Kose John, Tae-Nyun Kim, Darius Palia
openaire   +1 more source

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