Disentangling the driving force of pyramidal firms' capital structure: a new perspective
نویسندگان
چکیده
منابع مشابه
The determinants of capital structure across firms’ sizes: The U.K evidence
This paper explores the leverage determinants across firms’ sizesbased on the two main theories behind the capital structure, the trade-offand the pecking order theories. A panel data is sued to find therelationship between capital structure and the variables that proxy forbenefits and costs of debt during 1990 to 2006. Our findings show thatboth principles help to explain the capital structure...
متن کاملHuman Capital in New Firms
Acknowledgements When I began studying economics, I did not believe that I would ever be able to write a dissertation in this discipline. Too many mathematical formulas seemed to ask too much from my brain that intrinsically likes pictures and verbal stories. It needed several persons who continuously encouraged me to reach the point where I stand now. The first who believed in me was Oliver Fa...
متن کاملCreation of innovative firms: a human capital perspective
The aims underlying this study are to analyse to what extent the generic human capital and specific human capital of the nascent entrepreneur influences the creation of the innovative firm. The results obtained through logistic regression show the first evidence, with regard to the creation of innovative firms, that more than a higher level of education or professional experience it is educatio...
متن کاملthe effect of traffic density on the accident externality from driving the case study of tehran
در این پژوهش به بررسی اثر افزایش ترافیک بر روی تعداد تصادفات پرداخته شده است. به این منظور 30 تقاطع در شهر تهران بطور تصادفی انتخاب گردید و تعداد تصادفات ماهیانه در این تقاطعات در طول سالهای 89-90 از سازمان کنترل ترافیک شهر تهران استخراج گردید و با استفاده از مدل داده های تابلویی و نرم افزار eviews مدل خطی و درجه دوم تخمین زده شد و در نهایت این نتیجه حاصل شد که تقاطعات پر ترافیک تر تعداد تصادفا...
15 صفحه اولDo Firms Rebalance their Capital Structure?
We empirically examine the trade-off theory of capital structure, allowing for infrequent adjustment. After showing that the behavior of financing decisions (security issuances and retirements) is consistent with direct evidence on external financing costs, we use a dynamic duration model to show that firms behave as though adhering to a dynamic trade-off policy in which they actively rebalance...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Studies in Economics and Finance
سال: 2010
ISSN: 1086-7376
DOI: 10.1108/10867371011060027