Searching for a Method of Optimal Capital Structure Determination

the innovation of a statistical model to estimate dependable rainfall (dr) and develop it for determination and classification of drought and wet years of iran

آب حاصل از بارش منبع تأمین نیازهای بی شمار جانداران به ویژه انسان است و هرگونه کاهش در کم و کیف آن مستقیماً حیات موجودات زنده را تحت تأثیر منفی قرار می دهد. نوسان سال به سال بارش از ویژگی های اساسی و بسیار مهم بارش های سالانه ایران محسوب می شود که آثار زیان بار آن در تمام عرصه های اقتصادی، اجتماعی و حتی سیاسی- امنیتی به نحوی منعکس می شود. چون میزان آب ناشی از بارش یکی از مولفه های اصلی برنامه ...

The Optimal Capital Structure of Depository Institutions

We derive here a fundamental model for the capital structure of depository institutions. The derivation centres on the basic Modigliani-Miller methodology, but instead of using a constant EBIT, as classically done for corporate firms, it implements a variable one, which hinges on the interest earnings from the asset-based loans made to the borrower. Following this, the effect of risk and credit...

Specific Human Capital, Credible Commitment and Optimal Capital Structure

In this paper, we show that although ex ante equityholders would like to adopt an optimal displacement and operating policy, they may not have incentives to implement such a policy ex post when the manager acquires firmspecific human capital and becomes indispensable to the firm’s continued operation. An optimal mix of debt and equity can serve as a commitment device in disciplining the manager...

Quantitative Determination Of Optimal Fiscal And Monetary Policies: A Stochastic Optimal Control Analysis For Iran

Hybrid Method for Optimal Power Flow Determination

Optimal Power Flow (OPF) is one of the main functions of Power Generation Operation and Control. It determines the optimal settings of generating units, bus voltage, transformer tap and shunt elements in Power System with the objective of minimizing total production costs or losses while the system is operating within its security limits. The aim of this paper is to propose a methodology (ABCA-...