Titman and wessels 1988
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 Web电子信息业上市公司资本结构影响因素的实证研究【文献综述】.doc
Titman and wessels 1988
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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 … 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 …
Webcompany’s financial decisions ( Titman &Wessels ,1988; Rajan & Zingales ,1995; Antoniou, Guney and Paudyal ,2002; Frank & Goyal, 2009) and this study attempts to measure the effect of firm’s specific determinants on the firm’s choice among debt and equity for a sample of 65 non-traded Albanian firms Webproduce relatively unique products (see Titman and Wessels (1988)). Simi-larly, since selling expenses proxy for product specialization and high over-head, the agency hypothesis and the financial distress hypothesis also pro-vide conflicting predictions about the effect of this variable on the likelihood of a firm undertaking an LBO.
Web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。 WebTHE JOURNAL OF FINANCE * VOL. XLIII, NO. 1 * MARCH 1988 The Determinants of Capital Structure Choice SHERIDAN TITMAN and ROBERTO WESSELS* ABSTRACT This paper …
WebJul 10, 2015 · Titman and Wessels, 1998). The main idea is to contribute in estimation of target debt ratio in Western Europe, which was not as vastly researched as North …
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 … hidd power stationWebTăng trưởng DN có tác động tích cực đến tỷ lệ nợ, điều này trái với nghiên cứu của Titman và Wessels (1988), Jensen và Meckling (1976), có thể giải thích là do ở các DN có tốc độ tăng trưởng nhanh ngân hàng tìm thấy tiềm năng … hidd power company careersWebKết quả bài nghiên cứu này mong đợi là đòn bẩy sẽ tương quan âm với tăng trưởng (xem Titman và Wessels 1988; Lang và cộng sự, 1996). Nhưng nếu chi phí tái hợp đồng được giữ ở mức thấp thì các các khoản đầu tư dưới mức … howell nj council meetingWebPrior to joining the faculty at the University of Texas, Professor Titman was a Professor at UCLA, the Hong Kong University of Science and Technology and Boston College and spent the 1988-89... howell nj countyWebTitman & Wessels (1988) used a factor–analytic technique that mitigates the measurement problems encountered when working with proxy variables. Debt levels are negatively related to the “uniqueness” of a firm’s line of business whereas short-term debt ratios were negatively related to firm size. The results do not provide support for an ... hid drivers for panasonic pc ドライバhid drivers for panasonic pc windows10WebTitman received financial support from the Batterymarch fellowship program and from the UCLA Foundation for Research in Financial Markets and Institutions. Wessels received … howell njcentre state