[PDF] Top 20 Capital structure : importance of cash management in financing decisions

... portion of debt claims than if the safer one was ...existence of the risky project, will only buy the bonds issued at the price valued as if the manager would take that ...difference of debt value ... See full document

... ratio of capital structure, which they try to reach by maximizing the tax gains on interest on the debt (Modigliani and Miller, 1958) and minimizing the costs of financial insolvency and ... See full document

... stated financing decisions related to capital structure to be irrelevant to determine a firm’s value in a perfect capital ...absence of taxes, issuance costs from raising ... See full document

... loss of welfare is just a ...within management, align conflicting interests and monitor behaviours not only through salary and compensation means but also by providing the appropriate working ...the ... See full document

... the financing choice is made by considering the benefits and costs of increasing (or decreasing) leverage (percentage of the firm’s assets financed by ...their capital structure to ... See full document

... value of structural capital is ...remains in the firm after employees have left (Bontis et ...structural capital is independent of employees and is generally explicit (Chen, Lin, and ... See full document

... more in-depth analysis and provides additional possibilities to analyze and interpret the economic events in order to make more suitable decisions, both in the operational and investing ... See full document

... advantages of liquidity and profitability, financing is preferred in businesses actively promoted by financial ...necessary in order to guarantee the ...that, in situations of ... See full document

... traditional capital structure approach against the pecking order model and they conclude that the pecking order model, which predicts that internal financial deficit is the main force that lead to an ... See full document

... generosity of a country in terms of its unemployment insurance benefits and the corporate financing decisions a firm makes, several regressions were ...value of assets (Panel A) ... See full document

... purpose of this paper is to analyze the existing theories for the capital structure of a corporation and to determine the factors that influence the financing decisions of ... See full document

... paradigm in corporate finance views the firm as a nexus of contracts among various agents, in particular managers and ...volume of papers has addressed optimal corporate financial ... See full document

... order in Table 15, ΔLD is used as the dependent variable (variation of long term debt) and Deficit 1 and Deficit 2 as explanatory variables, representing the financial needs of a given ...sum ... See full document

... that cash-rich firms use in M&As, and find that U.S. cash-rich firms are less likely to use cash to finance acquisitions than similar non cash-rich firms, using alternative measures ... See full document

... investigated in the paper but so far did not merit any attention in the financial literature on family-owned firms’ financing decisions concerns the zero-leverage behavior that is common to ... See full document

... conservative financing decisions, which tend to be influenced by both the generation in place and managerial succession ...arrangements in detriment of other sources of ... See full document

... announcement of a new equity offering is expected to cause the company’s stock price to fall below fair ...model, management is reluctant to issue underpriced equity (though often willing to issue fairly ... See full document

... combination of financial supply resources of investment projects (debt and equity) Is ...factors of capital structure are divided into two groups; internal factors that root from nature ... See full document

... below in order to only examine firms that have a positive total debt ...section of this dissertation but targeting a specific group of firms, according to the percentage of their total debt ... See full document

... taking decisions between changing cash allocation patterns from investment in order to successfully deleverage the firm and through that, benefit from auspicious negotiated outcomes regarding cost ... See full document