Results 61 to 70 of about 2,909 (163)
Australian Accounting Review, Volume 36, Issue 2, Page 130-149, June 2026.ABSTRACT This study examines the effect of a nature‐based corporate strategy consisting of green revenue reporting and biodiversity impact reduction on the corporate cost of capital of S&P 1500 firms. Applying a portfolio‐level regression approach for 10 890 firm‐year observations from 2015 to 2024, the study reveals that firms adopting biodiversity ...
Post Raj Pokharel
wiley +1 more source
How Do Businesses Finance New Investment?
The Manchester School, Volume 94, Issue 3, Page 278-295, June 2026.ABSTRACT This paper investigates how UK firms finance new investment and whether their choices follow a financing hierarchy consistent with leading theories of capital structure. Using a survey of 2886 firms conducted by the UK Department for Business and Trade and the Bank of England (2020–2023), we examine six financing sources: retained earnings ...
Marc Cowling +3 more
wiley +1 more source
Business Strategy and the Environment, Volume 35, Issue 4, Page 5895-5925, May 2026.ABSTRACT This study examines the economic consequences of Digital Technologies Disclosure (DTD), focusing on its impact on the cost of capital. The increasing significance of digital transformation in shaping corporate strategies and market perceptions motivates the study.
Hussein Mohsen Saber Ahmed +2 more
wiley +1 more source
RAC: Revista de Administração Contemporânea, 2008 The seminal propositions by Modigliani and Miller started a new study area in modern finance theory. Over time, their basic assumptions were relaxed, to the extent that, nowadays, situations in which they can be fully applied, with consistent and ...
Luiz Nelson Guedes de Carvalho +2 more
doaj
Environmental Impact‐Adjusted Firm Value and Debt: A Multi‐Country Analysis
Business Strategy and the Environment, Volume 35, Issue 4, Page 5677-5706, May 2026.ABSTRACT The study finds a nonlinear, inverted U‐shaped relationship between leverage and environmental impact‐adjusted firm value ( EIAFV), confirming the trade‐off theory. The firm value increases with leverage up to an optimal point, approximately 58%–61% of total assets, after which higher leverage leads to value erosion due to rising default risk ...
Paolo Saona +3 more
wiley +1 more source
SOUTHEAST ASIA JOURNAL oF GRADUATE OF ISLAMIC BUSINESS AND ECONOMICSThe dividend irrelevance theory proposed by Miller and Modigliani suggests that dividend policy does not affect firm value in a perfect market with no transaction costs and taxes.
Boy Chandra Nababan +3 more
semanticscholar +1 more source
The Effect of Income Tax and Financial Costs on Corporate Capital Structure [PDF]
فصلنامه پژوهشهای اقتصادی ایرانThe leverage ratio reflects a company’s relative reliance on capital and debt. Higher leverage ratios, indicating greater dependence on debt relative to equity, ceteris paribus, increase the firm’s financial risks.
Ali Nassiri Aghdam, Mahtab Moradzadeh
doaj +1 more source
Financial leverage and firm performance: An empirical review and analysis
Journal of Global Business InsightsThis paper examines the dual impact of financial leverage on corporate performance by analyzing empirical data across developed and developing nations, industries, and different periods.
Iqbal Md. M Islam
doaj +1 more source
Does the Miller-Modigliani Dividend Irrelevance Theory Apply to Portuguese Companies?
Journal of EcohumanismMiller and Modigliani´s theories have been studied and discussed by many researchers, but are based on optimal market conditions, where there are no transaction costs or taxes involved. These assumptions are not true to any modern market. One of the most
A. D. Silva
semanticscholar +1 more source
, 2016 This paper studies the cost of equity and capital of three Bulgarian listed banks in the framework of the Modigliani-Miller (MM) theory of capital structure.
Sophia Kassidova
semanticscholar +1 more source