This study examined the nexus between capital structure and financial sustainability of 28 listed non-financial firms in Ghana. Panel data for period 2008 to 2019 was used analysis. From results, panel studied heterogeneous cross-sectionally dependent. In addition, variables investigated were first-differenced stationary cointegrated long term. The elasticities predictors explored via common co...

1 Background The chaebol, a South Korean form of business conglomerate, has been a key factor in the country’s economic growth. In general, a group of large-scale, family-run management enterprises is referred to as a chaebol. Jones and Sakong (1980) defined a chaebol as the Korean term for a conglomerate of many companies clustered and managed by one family-centered parent company. The charact...

This article provides an overview of the audit process along with the belief-function approach to audit decisions. In particular, the article highlights the advantages of using belief functions for representing uncertainties in the audit evidence and discusses the audit risk model of the American Institute of Certified Public Accountants as a plausibility model. Also, the article discusses the ...

The impact of financial leverage on firm investment is one of the most important issues in corporate finance. Debt overhang reduces the incentives of shareholder–management coalition in controlling the firm to invest in positive net-present-value investment opportunities. On the other hand, firms without debt in their financial structure face with a new problem known as over-investment. T...

The first objective in any financial organization is to improve performance, and performance evaluation also is one of the best ways to advance operations in organizations. By utilizing different methods of performance evaluation, organizations can evaluate the effectiveness and efficiency of processes that are in accord with strategic objectives. In addition, the performance evaluation instrum...

We estimate a no-arbitrage term structure model of U.S. Treasury yields and corporate bond spreads with both economic factors and latent factors as drivers of term structure dynamics. We consider two sets of economic factors: macro factors consisting of inflation and real activity, and financial market factors consisting of funding liquidity and market volatility. We show that financial market ...