[PDF] Top 20 FINANCIAL MARKET DEVELOPMENT AND CAPITAL STRUCTURE OF LISTED FIRMS - EMPIRICAL EVIDENCE FROM GHANA

... theoretical and empirical analyses in the banking literature indicate that banks simply help minimise problems arising from information asymmetries between firms and debtholders through ... See full document

... predictions and empirical evidence on the impact of cash-flow on cash ...general, firms should have a preference for internal over external finance in the presence of asymmetric ... See full document

... dependence of larger firms from their buyers, which means they would not need to invest in suppliers as small firms ...customers of publicly-listed firms may have access ... See full document

... scandals and the collapse of stock markets have result in a return to the kind of values prevalent in family-owned ...live and die by stock market evaluation of their performance ... See full document

... level of information and they can use it to their own interest (Vergas et ...(1984) and Myers & Majluf (1984) argue that there is no optimal capital structure, due to lack of ... See full document

... wide-ranging and it is difficult to find consensus on the exact definition of a family firm and numerous attempts have been made to articulate conceptual and operational definitions of ... See full document

... that firms exhibit dissimilar rebalancing behavior when compared by ...Results from the partial adjustment model suggest that Mexican managers, in comparison to their Brazilian and Chilean ... See full document

... instance, firms may even accumulate financial slack, and they can do this by restricting the amount of dividend pay-outs, by saving assets that are easily sold, preserving borrowing power ... See full document

... findings from the industry analysis is that firms compete primarily on the basis of prices and that, by setting lower prices, they can accelerate sales growth to attain a higher market ... See full document

... is empirical evidence that the existing conflict of interest between managers and shareholders is the asset growth effect’s source in the USA (Cooper et ...managers and shareholders ... See full document

... data and is focused on informationally transparent borrowers (Neuberger et ...Berger and Udell (2002) transactions lending technologies are distinguished primarily by the source and type of ... See full document

... mobilization of resources from savers and their direction to profitable economic activities with high added value, can increase economic ...because of dissimilarity financial ... See full document

... level of working capital, firm value can be maximized (Deloof, ...working capital relates to firm value theoretically. In 1958, Modigliani and Miller demonstrated that capital ... See full document

... combination of listed subscription prices given by the two main firms distributing journals in France, EBSCO and Swets Information ...access and management solutions through print ... See full document

... that capital markets have a depth and prevalence in line with the development of the ...The capital markets, which support development with their functions on transferring funds ... See full document

... concept of development is not only referred to the level or to the growth rate of GDP of a country, but it concerns different aspects of individual and social ...life. ... See full document

... provide evidence on three mechanisms that can reconcile somewhat frequent price changes with large and persistent real e¤ects of monetary ...degrees of real rigidities, and ... See full document

... determinants of capital structure with a focus on both publicly-owned and privately-owned ...annual financial statement data for over 1,000 publicly-owned and privately-owned ... See full document

... directed and controlled. The structure of corporate governance specifies the corporation between the board, managers, shareholders and other ...The structure again, spells out the rules ... See full document

... small firms, those which were classified as medium before 2002, as expected, presented on average a lower num- ber of employees and a higher exit rate relative to the always medium firms ... See full document