Hasil untuk "Capital. Capital investments"

Peter Brusov, Tatiana Filatova, Natali Orekhova

Thomas Hutzschenreuter, Philippa-Luisa Harhoff

William D. Bygrave

Ming Jian, Kin Wai Lee

Julia Eisenberg

Arshad M. Khan

John B. Davis

Barbara Biasi, Julien Lafortune, David Schönholzer

Barbara Biasi, Julien Lafortune, David Schönholzer

Sarina Liu

G.A. Otlyvanska

Chang Y. Ha, Hyun Joong Im, Ya Kang et al.

Ralf Elsas, Mark J. Flannery, Jon A. Garfinkel

Abstract We evaluate US firms’ leverage determinants by studying how firms paid for 2,073 very large investments between 1989 and 2006. This approach complements existing empirical work on capital structure, which typically estimates regression models of leverage for a broad set of firms. Because large investments are mostly externally financed, security issuances should provide information about managers’ attitudes toward leverage. We find that issued securities move firms toward target debt ratios. Firms also tend to issue more equity following a share price run-up, consistent with both the tradeoff hypothesis and managerial efforts to time market sentiment. We find little support for the standard pecking order hypothesis.

Bonnie G. Mani

Karl Marx

The circulation of commodities is the starting-point of capital. The production of commodities, their circulation, and that more developed form of their circulation called commerce, these form the historical ground-work from which it rises. The modern history of capital dates from the creation in...

George Paish

David Smith