Inflation And Capital Structure
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Inflation And Capital Structure
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Author : Jose Noguera
language : en
Publisher:
Release Date : 2001
Inflation And Capital Structure written by Jose Noguera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Inflation And Capital Structure
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Author : José Noguera
language : en
Publisher:
Release Date : 2001
Inflation And Capital Structure written by José Noguera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Inflation And Capital Structure
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Author : José de J. Noguera
language : en
Publisher:
Release Date : 2009
Inflation And Capital Structure written by José de J. Noguera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This essay is a contribution to the empirical literature on the effect of inflation tax on capital structure. A simple empirical model considering the main results of the current theoretical development is studied, using microdata from a number of American corporations.
An Analysis Of Causal Relations Among Inflation Financial Structure Tobin S Q And Investment
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Author : William P. Osterberg
language : en
Publisher:
Release Date : 1987
An Analysis Of Causal Relations Among Inflation Financial Structure Tobin S Q And Investment written by William P. Osterberg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Capital investments categories.
Inflation Recession And Economic Policy
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Author : Hyman P. Minsky
language : en
Publisher: Brighton, Sussex : Wheatsheaf Books
Release Date : 1982
Inflation Recession And Economic Policy written by Hyman P. Minsky and has been published by Brighton, Sussex : Wheatsheaf Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Business & Economics categories.
Target Leverage And Capital Structure Adjustment Speed Across German Industries
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Author : Christian Weidinger
language : en
Publisher: GRIN Verlag
Release Date : 2011-12-14
Target Leverage And Capital Structure Adjustment Speed Across German Industries written by Christian Weidinger and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-14 with Business & Economics categories.
Seminar paper from the year 2010 in the subject Economics - Finance, grade: 1.3, University of Regensburg, language: English, abstract: Since Modigliani/Miller’s famous theorem (1958) that capital structure is irrelevant for firm valuation, firms’ capital structure choice has been one of the most significant subjects in the modern finance theory. The subsequent theoretical literature has found evidence to negate the irrelevance theorem. Most empirical studies applied a static framework and are capable to explain differences in the optimal leverage ratios across firms, using observed leverage ratios as proxies for the optimal target leverage, but do not explain observed differences in firms’ leverage ratios itself. One broadly accepted reason for a firm’s deviation from their target leverage ratio is the existence of adjustment costs. In the presence of adjustment costs, firms may deviate from their target leverage and find it not cost effective to adjust their leverage ratio frequently or fully within one period, even if they recognize that their existing capital structure is not optimal. This shows the need for developing and using a dynamic approach in order to examine firms’ capital structure. The paper is organized as follows. Section 2 provides a brief overview of the three main theories of capital structure. Section 3 specifies the dynamic partial-adjustment model and describes the variables that may affect the target capital structure as well as the adjustment speed. Section 4 reports the empirical results and Section 5 concludes the paper
Corporate Capital Structures In The United States
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Author : Benjamin M. Friedman
language : en
Publisher: University of Chicago Press
Release Date : 2009-05-15
Corporate Capital Structures In The United States written by Benjamin M. Friedman and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-15 with Business & Economics categories.
The research reported in this volume represents the second stage of a wide-ranging National Bureau of Economic Research effort to investigate "The Changing Role of Debt and Equity in Financing U.S. Capital Formation." The first group of studies sponsored under this project, which have been published individually and summarized in a 1982 volume bearing the same title (Friedman 1982), addressed several key issues relevant to corporate sector behavior along with such other aspects of the evolving financial underpinnings of U.S. capital formation as household saving incentives, international capital flows, and government debt management. In the project's second series of studies, presented at the National Bureau of Economic Research conference in January 1983 and published here for the first time along with commentaries from that conference, the central focus is the financial side of capital formation undertaken by the U.S. corporate business sector. At the same time, because corporations' securities must be held, a parallel focus is on the behavior of the markets that price these claims.
Relative Prices And Inflation
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Author : Andrew M. Smith
language : en
Publisher:
Release Date : 1996
Relative Prices And Inflation written by Andrew M. Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Debt-to-equity ratio categories.
Capital Inflation And The Multinationals Routledge Revivals
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Author : Charles Levinson
language : en
Publisher: Routledge
Release Date : 2013-10-08
Capital Inflation And The Multinationals Routledge Revivals written by Charles Levinson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-08 with Business & Economics categories.
Inflation is the economic plague of the modern world, completely undermining conventional theory and policies for its containment, and setting governments, management and labour on a dangerous collision course. Its alarming spread is only paralleled by the expansion of multinational corporations, some of them more economically powerful than nation states. This book, first published in 1971, provided a totally new perspective on these phenomena, linking them in a common theory based on a thorough analysis of the modern role of capital financing in the global economy. It demonstrates the impact of technology on self-financing growth and explains why inflation can never ben stemmed by attacks on wage costs when the source lies in the need of managements to maximise cash flows. Alternative economic policies are discussed, including proposals for creating assets for workers in the self-financing investment. Charles Levinson draws together the strands of his subject in a way which is comprehensive and rigorous, yet easily accessible to the more general reader. The conclusions reached in Capital Inflation and the Multinationals are still of great interest and relevance to professional economists and students, political practitioners and commentators.
The Determinants Of Capital Structure In Ethiopian Small Scale Manufacturing Industry Firms
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Author : Dereje Yohannis
language : en
Publisher: GRIN Verlag
Release Date : 2019-12-18
The Determinants Of Capital Structure In Ethiopian Small Scale Manufacturing Industry Firms written by Dereje Yohannis and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-18 with Business & Economics categories.
Master's Thesis from the year 2019 in the subject Business economics - Investment and Finance, grade: 3.28, , language: English, abstract: The purpose of the study is investigating the determinants of capital structure for Small Scale Manufacturing Firms (SSMFs) in Ethiopia. Hypotheses utilizing trade-off, pecking order and agency theories are empirically examined using a series of firm characteristics: size, tangibility, profitability, earning volatility, age and macroeconomic variable (GDP growth rate, inflation rate and interest rate). A structured record review was made to collect a panel data, which include 20 SSMFs year observations of 11 years over the period 1998 – 2008 E.C. The findings suggest that profitability, earning volatility, age, growth, GDP, inflation rate and interest rate variables are the most important determinants of capital structure of SSMFs in Ethiopia. The findings also reveal that the dominant capital structure theories (trade-off, pecking order, and agency theories) appear indeed to be valid for Ethiopian SSMFs’ capital structure; in fact, trade-off theory best explains Ethiopian SSMFs’ capital structure. All firm specific variables except Size, tangibility and growth variables seem to have an effect on the level of leverage in Ethiopian SSMFs.