Empirical capital structure: a review
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Hanover, MA
Now Publishers, Inc.
c2009
|
| Schriftenreihe: | Foundation and trends in finance
3,1 |
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026169646&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Beschreibung: | Includes bibliographical references |
| Umfang: | ix, 96 p |
| ISBN: | 9781601982025 |
Internformat
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| 245 | 1 | 0 | |a Empirical capital structure |b a review |c Christopher Parsons, Sheridan Titman |
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| 500 | |a Includes bibliographical references | ||
| 650 | 4 | |a Capital investments | |
| 650 | 4 | |a Corporations / Valuation | |
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| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |z 978-1-60198-203-2 |
| 830 | 0 | |a Foundation and trends in finance |v 3,1 |w (DE-604)BV022433707 |9 3,1 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026169646&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-026169646 | |
Datensatz im Suchindex
| _version_ | 1819333473109803008 |
|---|---|
| adam_text | Titel: Empirical capital structure
Autor: Parsons, Christopher A
Jahr: 2009
Contents
1 Introduction 1
2 Econometric and Specification Issues 5
3 The First Ingredient: Determinants of Target
Leverage 9
3.1 Tax Exposure 9
3.2 Cash Flow Volatility 14
3 3 Size 16
3.4 Asset Tangibility/Liquidity 18
3.5 Market-to-Book Ratio 21
3.6 Product Uniqueness 22
3.7 Industry Effects 23
3.8 Firm Fixed effects 25
3.9 Quantifying Optimal Debt Ratios 26
4 The Second Ingredient: Deviations from Target
Leverage Ratios 29
4.1 Profitability 30
4.2 Market Timing 31
4.3 Stock Returns 35
4.4 Managerial Preferences and Entrenchment 36
5 Capital Structure Changes 43
5.1 The Choice of Debt vs Equity 44
5.2 Speed of Adjustment 48
5.3 Tests of Pecking Order Behavior 50
6 Stakeholders, Competitive Strategy, and
Investment 57
6.1 Debt and Investment 58
6.2 Debt and Workers 62
6.3 Debt and Customers 67
6.4 Debt and the Firm s Suppliers 71
6.5 Debt and Competitors 73
7 Conclusion 83
References 87
|
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| building | Verbundindex |
| bvnumber | BV041194635 |
| ctrlnum | (OCoLC)731687879 (DE-599)BVBBV041194635 |
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| id | DE-604.BV041194635 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T16:32:55Z |
| institution | BVB |
| isbn | 9781601982025 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-026169646 |
| oclc_num | 731687879 |
| open_access_boolean | |
| owner | DE-11 |
| owner_facet | DE-11 |
| physical | ix, 96 p |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Now Publishers, Inc. |
| record_format | marc |
| series | Foundation and trends in finance |
| series2 | Foundation and trends in finance |
| spellingShingle | Parsons, Christopher A. Empirical capital structure a review Foundation and trends in finance Capital investments Corporations / Valuation |
| title | Empirical capital structure a review |
| title_auth | Empirical capital structure a review |
| title_exact_search | Empirical capital structure a review |
| title_full | Empirical capital structure a review Christopher Parsons, Sheridan Titman |
| title_fullStr | Empirical capital structure a review Christopher Parsons, Sheridan Titman |
| title_full_unstemmed | Empirical capital structure a review Christopher Parsons, Sheridan Titman |
| title_short | Empirical capital structure |
| title_sort | empirical capital structure a review |
| title_sub | a review |
| topic | Capital investments Corporations / Valuation |
| topic_facet | Capital investments Corporations / Valuation |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026169646&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV022433707 |
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