Have We Resolved the Issues regarding International Capital Structure?的封面
书籍主题:

Have We Resolved the Issues regarding International Capital Structure?

Empirical Evidence from the Companies of 30 OECD Countries

LAP LAMBERT Academic Publishing (2010-07-05 )

Books loader

Omni badge 有获得代金券的资格
ISBN-13:

978-3-8383-7309-6

ISBN-10:
383837309X
EAN:
9783838373096
书籍语言:
英文
作品简介:
Most cross-sectional deviation of international capital structure is caused by the heterogeneities of firm-, industry-, and country-specific determinants rather than by legal environment. In particular, most variations observed from international capital structure arise from the heterogeneity of firm-specific characteristics. Collateral value of assets, firm size, and debt- related tax shield benefit are generally viewed as the most influential factors in determining corporate leverage decision. If the heterogeneities at the level of firm, industry, and country are controlled, the English common-law countries surprisingly appear to rely highly on debt-leverage, whereas the German civil-law countries are likely to be least levered. This finding is contrary to a "received wisdom" in the area of international capital structure. The stylized relationships between firm-specific determinants and capital structure obtained from cross-sectional data are not generalized over time. Under a dynamic setting, the legal environment seems to play a significant role in determining the speed of adjustment of capital structure.
出版社 :
LAP LAMBERT Academic Publishing
网址:
https://www.lap-publishing.com/
由(作者):
Dr. Joon-Young Song
页码 :
100
发表日期:
2010-07-05
现货:
备有现货
类别:
国际经济
价格:
1,735.09 NT$
关键词:
International Capital Structure, Firm Heterogeneity, legal origins, OECD Countries

Books loader

时事通讯

Adyen::cup Adyen::unionpay Paypal CryptoWallet 银行转帐

LOGIN
  0产品在购物车内
编辑购物车
Loading frontend
LOADING