The higher the leverage, the 1In the original M&M paper, that underlying real earning stream was taken as a given, independent of the financing decisions. Subsequent research has identified many possible interactions between the real and the financial sides of the firm, but their effects on ...
It’s a financial strategy that requires careful management and consideration of both potential gains and potential losses.For example: Imagine you want to start a business in India. You have saved ₹1,00,000, but you need ₹10,00,000 to get it off the ground. With leverage, you can...
作者: F Pdf 摘要: The intention of this thesis is to enhance the understanding concerning the prevalence of recent secondary buyouts (SBOs) in the leveraged buyout (LBO) market by employing a value decomposition analysis of LBOs. This decomposition analysis helps to determine the value drivers ...
The aim of our work is to highlight the impact of a series of company variables on the financial leverage in a medium-sized company. It permits to evaluate the effect of several decisions on the financial leverage, making them more aware. The sample is composed of all Italian medium-sized...
The primacy of innovation in strategic financial management-understanding the impact of innovation and performance on capital structure This paper intends to determine the impact of pursuing a strategy for innovation on capital structure decisions and performance. It builds on the R&D manag... S Noshee...
earningsmanagement strategies as well as both corporate governance and firm uniquenessin ensuring the quality of reported financial information.Keywords:Corporate governance, Firm-specificcharacteristics, Accrual-based earnings management and Real ... JP Swai 被引量: 1发表: 2016年 The impact of IFRS ado...
Book-to-MarketEquity,FinancialLeverage,andtheCross-SectionofStockReturns∗IulianObreja†LeedsSchoolofBusinessUniversityofColoradoatBoulderJanuary13,2013AbstractIproposeanewdynamicmodelofthefirmthatlinksoperatingleveragetobothvaluepremiumandbook-leveragepremiuminstockreturns.Valuefirmsarelow-productivityfirmswith...
In practice, the financial leverage ratio is used to analyze the credit risk of a potential borrower, most often by lenders. As a general guideline, the lower the financial leverage ratio, the less debt on the borrower’s balance sheet (and less credit risk). Lower Financial Leverage Ratio...
leverage to reduce financial risks.Some countermeasures are feasible-strengthening supervision on the management over the classified loans from commercial banks,promoting companies' asset's securitization,and reinforcing monitoring the industry risk.supports all the CNKI file formats;only supports the PDF ...
文档标签: The Disciplining Role of Leverage in Dutch Firms 系统标签: leverage disciplining dutch role firms rms EuropeanFinanceReview31–62,2002.2002KluwerAcademicPublishers.PrintedNetherlands.31DiscipliningRoleDutchFirmsABEDEJONGErasmusUniversityRotterdam,DepartmentFinancialManagement,Rotterdam,Netherlands.E-mail:A...