capital structureliquidityzero leveragecash flow sensitivity of cashWe develop and estimate a Q-Theory style dynamic model of the firm's liquidity reserve and capital structure. The model features financial constraints, finite mdoi:10.2139/ssrn.2493609...
The Influence of Company Size and Capital Structure towards Liquidity, Corporate Performance and Firm Value, for Large and Small Group Companies. European Journal of Business and Management, 6(18), 2222-2839.Siahaan, Uke Marius., Suhadak., Siti Ragil Handayani and Solimun...
Investment is more sensitive to liquidity for the second set of firms than for the first set. The analysis also highlights the role of financial intermediaries in the investment process. 展开 关键词: Capital market DOI: 10.2307/2937905 被引量: 4893 ...
Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks Liquidity production is a central function of banks. High leverage is optimal for banks in a model that has just enough frictions for banks to have a meani... Harry,DeAngelo,René,....
Reading 21: Capital Structure ? Reading 22: Dividends and Share Repurchases: Analysis Brief Introduction Content: ? SS 8: Corporate Finance(2) ? Reading 23: Corporate Performance, Governance and Business Ethics ? Reading 24: Corporate Governance ? Reading 25: Mergers and Acquisitions Brief Introducti...
LIQUIDITY MANAGEMENT AND CORPORATE RISK The consequence of the economic crisis, the access of the external financing resources was narrowed significantly and lenders had became more cautious. Thi... T Tibor,F Veronika - 《Annals of the University of Oradea Economic Science》 被引量: 9发表: 2011...
Corporation Partnership Liquidity Shares can easily be exchanged. Subject to substantial restrictions. Voting Rights Usually each share gets one vote General Partner is in charge; limited partners may have some voting rights. Taxation Double Partners pay taxes on distributions. Reinvestment and dividend ...
At best, cash and short-term investments are a zero NPV investment. The advantages of the increased IPO size include the increased liquidity for the company, and the lower probability that the company will have to go back to the primary market in the near term future. The increased size ...
Journal of Banking and Finance (1986) P. Hillion et al. Death spiral convertibles Journal of Financial Economics (2004) E. Morellec Asset liquidity, capital structure and secured debt Journal of Financial Economics (2001) C.W. Smith et al. On financial contracting: An analysis of bond covenan...
Liquidity measures how quickly and easily an asset can be converted to cash without significant loss in value. It’s desirable for firms to have high liquidity so that they have a large factor of safety in meeting short-term creditor demands. However, since liquidity also has an opportunity ...