Titman and wessels 1988
WebMay 1, 2010 · Titman and Wessels (1988) utilize a structural-equations model (LISREL) to find out the latent determinants of capital structure. Maddala and Nimalendran (1996) indicate that the problematic model specification causes the poor results in Titman and Wessels’ research. Chang, Lee, & Lee (2009) apply a Multiple Indicators and Multiple … WebApr 30, 2012 · This paper surveys capital structure theories based on agency costs, asymmetric information, product/input market interactions, and corporate control considerations (but excluding tax-based theories). For each type of model, a brief overview of the papers surveyed and their relation to each other is provided. The central papers are …
Titman and wessels 1988
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WebTIM OPLER and SHERIDAN TITMAN* ABSTRACT This paper investigates the determinants of leveraged buyout (LBO) activity by comparing firms that have implemented LBOs to … Webrecently, however, Titman and Wessels (1988), using a latent variables approach, have found only mixed evidence for the role of the factors predicted by the static trade-off theory. …
Webcorporate debt ratios (e.g., Titman and Wessels 1988; Rajan and Zingales 1995; Graham 1996a; Hovakimian, Opler, and Titman 2001) generally support the notion that firms strive to maintain target capital structures. For example, observed (Journal of … WebAccording to (Titman & Wessels, 1988; Harris & Raviv, 1991) asset tangibility are the main factor in deciding the firm’s debt level, and the empirical studies have shown that the assets tangibility is positively related to debt ratio. (Friend & Lang, 1988; Rajan & Zingales, 1995; Williamson, 1988). value of the company
WebAnte as diferentes abordagens sobre a estrutura de capital, os seus fatores determinantes receberam atenção nas pesquisas de Donaldson (1969); Myers (1984); Leland e Pyle (1977); Barton e Gordon (1987, 1988); Titman e Wessels (1988); Harris e Haviv (1991); Perobelli e Famá (2002); Sobreira, Rente e Figueiredo (2005) ao analisarem a ... WebFeb 1, 2001 · 1988 This paper analyzes the explanatory power of some recent theories of optimal capital structure. The study extends empirical work on capital-structure theory in …
Webprofitability and leverage (Titman and Wessels (1988), Rajan and Zingales (1995), Fama and French (2002) and Frank and Goyal (2007)). Debt conservatism The trade-off theory predicts that the marginal tax benefit of debt should be equal to marginal expected bankruptcy cost. The evidence about this is mixed. Some researchers argue that the
WebMay 24, 2014 · 现有的实证结论大多支持财务杠杆与公司的盈利能力负相关，Friend和 Lang（1988），Titman和Wessels（1988）利用英国的数据得出上面的结论， Kester（1986）研究发现在国和日本同样存在这样财务杠杆与公司盈利能力负 相关的现象。 honda city zx i-vtecWeb根据Titman（1984）和Titman and Wessels（1988）提出的企业利益相关者理论：企业利益相关者的动机会影响企业的投融资决策（包括企业的资本结构和投资结构）。但至今还没有关于企业社会责任活动对于公司资本结构的研究。 honda city zx price and mileageWebKale&Shahrur, 2007; Titman, 1984; Titman&Wessels, 1988). Titman (1984) and Titman and Wessels (1988)provide empirical support for the proposition that a customer experiences high switching costs when its supplier is liquidated. Chu (2012) provides both theoretical ex-planations and empirical evidence that firm leverage decreases with honda city zx variantsWebMar 5, 2014 · This study explores the significance of firm-specific, country, and macroeconomic factors in explaining variation in leverage using a sample of banks from Turkish banking sector. The analysis is based on quarterly firm-level data from Turkish banking sector in 2002–2012. We aims to contribute to the empirical capital structure … honda city zx แต่งสวยWebSheridan Titman University of California, Los Angeles The effect offinancialpolicy on afirm's incentives to maintain its reputation for producing a high-quality product is analyzed. It is demonstrated that in certain situations debt will reduce afirm's abil-ity to credibly offer high-quality products and, as a consequence, will reduce its value. honda city west allis wiWebMar 11, 2005 · Moreover, consistent with Titman (1984) and Titman and Wessels (1988), only the proportion of purchases from suppliers in industries producing durable products (where specific investments are likely to be more important) drives this result. We also examine whether the supplier's leverage ratios are affected by the presence of principal … historic magnolia manor warrenton ncWebWesselmann was born in Cincinnati . From 1949 to 1951 he attended college in Ohio; first at Hiram College, and then transferred to major in Psychology at the University of Cincinnati. … honda city zx seat covers