The study aims to provide empirical data on the impact of profit growth (EG), debt toequity ratio (DER) and net income (NPM) profitability ratios (PER) in lodging, restaurant travel registered business entities (IDX) 2018. research method uses multiple regression analysis with collection techniques through documentation. results explain that there is an effect equity price/earnings ratio, but d...

We investigate the effects of manager characteristics on capital structure. We first develop a dynamic structural model that incorporates managerial discretion in effort and financing, as well as agency conflicts between managers and outside investors. We derive the manager’s dynamic contract and implement it through financial securities. This leads to a dynamic capital structure for the firm c...

Assessment uniformity in ad valorem taxation has been carefully examined for single-family residential properties. The findings of such studies are mixed, but research commonly reports nonuniform outcomes in the appraisal of residential properties. In this paper we analyze the uniformity of the property appraisal outcome for multifamily apartment complexes in Phoenix, Arizona. Specifically we i...

This study examines the influence of competition on the financial stability of the commercial banks of Association of Southeast Asian Nation (ASEAN) over the 1990 to 2014 period. Panzar-Rosse H-statistic, Lerner index and Herfindahl-Hirschman Index (HHI) are used as measures of competition, while Z-score, non-performing loan (NPL) ratio and equity ratio are used as measures of financial stabili...

This study examines the impact of capital structure on agency costs in 211 non-financial Chinese listed firms for the period 1999-2001. There are two main findings. (1) Firms with high debt to asset ratio have high ratio of annual sales to total assets and high ratio of return-on-equity. If a firm has a high debt to asset ratio, creditors are much more concerned about the payment of interest an...