نتایج جستجو برای: leverage coefficient
تعداد نتایج: 190653 فیلتر نتایج به سال:
We study the leverage of firms making large dividend increases. Over the five years following the dividend increase they raise leverage enough to finance the entire dividend increase for that period with debt. This is not explained by trade-off variables or the pecking order. The effect is greatest for big firms with low-powered incentives, suggesting an agency effect whereby they make large di...
This work explores the role of executive compensation in determining the capital structure decisions of a firm. CEOs experience a large personal cost of default that interacts through the risk adjusted probability of default with their compensation contract. Since default happens in a particularly costly state of the world for a CEO whose compensation contract consists primarily of pay for perf...
We investigate bank holding companies’ window dressing of quarter-end financial leverage through short-term borrowings, and the stock market reaction around the public release of information that can be used to infer such window dressing. We find evidence of downward window dressing of repo and federal funds liabilities that appear material for a large fraction of the sample, particularly among...
The statistical leverage scores of a complex matrix A ∈ Cn×d record the degree of alignment between col(A) and the coordinate axes in Cn. These score are used in random sampling algorithms for solving certain numerical linear algebra problems. In this paper we present a max-plus algebraic analogue for statistical leverage scores. We show that max-plus statistical leverage scores can be used to ...
This study aims to examine the effect of Fixed Asset Intensity, and Leverage on Tax Avoidance in manufacturing companies Consumer Goods Industry sector listed Indonesia Stock Exchange 2016-2019. The number that were used as samples for this 10 using purposive sampling method. While data analysis method is descriptive statistical test, classical assumption multiple linear regression analysis, si...
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...
Simulation study is very important in model validation. It is invaluable and versatile tool especially in statistical problems and modeling where analytical technique is inadequate. In fitting to a model, problems will raise when there exists one or more high-leverage points in the data set. Due to the fact that the presence high-leverage points are commonly occurred in models fitting, we propo...
Adoption of evidence-based practice (EBP) is an increasingly advocated yet formidable challenge. Much work on EBP has implied simplistic solutions: if researchers would produce practice-relevant evidence-based approaches, practitioners would find, adopt, and use them. Blaming researchers for problems in supply, and practitioners for resistance in adoption, will only thwart progress at improving...
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