determinants of corporate financial structure
Tài liệu IMF Working Paper_ Corporate Financial Structure and Financial Stability pptx
Ngày tải lên :
17/12/2013, 05:15
... disparate financial and economic literatures, beginning with
the general determinants of corporate financial structure. The first modern theory of the
general determinants of corporate financial structure ...
IV. Corporate Financial Structure and Financial Stability: Descriptive Analysis 11
A. Impact of Crisis on the Level and Composition of GDP 12
B. Corporate Financial Structure and Impact of Crisis ... examines how corporate financial structure shapes the impact of a financial crisis
on the real sector by way of its effects on flows of funds and on corporate real expenditures.
It is one of the...
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Working Paper Series no 1096 / September 2009: The determinants of Bank capital structure potx
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15/03/2014, 10:20
... components of non -financial firms’ capital
structure for banks.
Fifth, controlling for banks’ characteristics, we do not find a significant effect of deposit
insurance on the capital structure of ... opaqueness of
banking firms’ assets, Journal of Financial Economics 71, 419-460.
Flannery, M. and Rangan, K. (2006) Partial adjustment toward target capital structures,
Journal of Financial ... paper, University of Minnesota.
Frank, M. and Goyal, V. (2008) Trade-off and pecking order theories of debt, in: E. Eckbo
(ed.). Handbook of Corporate Finance: Empirical Corporate Finance,...
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The determinants of Bank capital Structure pdf
Ngày tải lên :
11/08/2014, 01:20
... value of equity / book value of assets)
Market leverage = 1- (market value of equity (=number of shares * end of year stock price) /
market value of bank (=market value of equity + book value of ... value of assets
Profits = (pre-tax profit + interest expenses) / book value of assets
Market-to-book ratio = market value of assets / Book value of assets
Table IV: Predicted effects of explanatory ... for non -financial firms.
Next, we examine the speed of adjustment to target capital ratios. The objective is wofold. First,
a similarity of the speed of adjustment for non -financial and financial...
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Ensuring Financial Stability: Financial Structure and the Impact of Monetary Policy on Asset Prices
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24/10/2012, 09:40
... Section 5 focuses on the
importance of financial structure and provides panel-VAR estimates when the countries are
divided into two groups on the basis of financial structure. Finally, Section 6 concludes. ... better data on
financial structure may lead us to have to revise this conclusion. But it is also possible that
such data will lead us to conclude that that one aspect of financial structure that ... sensitivity of
consumption to monetary policy shocks is higher with variable-rate mortgages.
34
Figure 12. Panel VAR split according to the sum of financial structure indicators
Large effects of...
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Tài liệu Chapter 2: Indicators of Financial Structure, Development, and Soundness ppt
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17/12/2013, 05:15
... Comprehensive Financial Sector Assessments).
2.1 Financial Structure and Development
Indicators of financial structure include system-wide indicators of size, breadth, and
composition of the financial ... growth of financial systems in many countries (number of institutions and size
of assets) is financial liberalization, especially the softening of entry conditions for banks
and other financial ... popu-
lation to different segments of the financial sector. Well-functioning financial systems
should offer a wide range of financial services and products from a diversified set of finan-
cial intermediaries...
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an economic analysis of financial structure
Ngày tải lên :
05/01/2014, 16:56
... Copyright 2011
Pearson Canada Inc.
8 -
13
Conflicts of Interest
ã
Conflicts of Interest is a type of moral hazard problem
caused by economies of scope.
ã
Arise when an institution has multiple ... executives
of other companies in return for their companies’
future business.
Copyright 2011
Pearson Canada Inc.
8 -
4
Eight Basic Facts About Financial Structure III
5. The financial system ... Canada Inc.
8 -
18
Conflicts of Interest: Remedies II
ã
Sarbanes-Oxley Act of 2002 (contd)
Beefs up criminal charges for white-collar crime
and obstruction of official investigations.
–
Requires...
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Tài liệu Corporate Ownership structure and the Informativeness of Accounting Earnings in East Asia doc
Ngày tải lên :
18/02/2014, 01:20
... value of equity at the beginning of the year. SIZE = the natural logarithm of the market value of equity in
millions of U.S. dollar at the beginning of the year. Q = the market value of equity ... the market value of equity at the beginning of year t for firm i. SIZE
it
= the natural logarithm of the
market value of equity in millions of U.S. dollar at the beginning of year t for firm ... = the number of industry segment(s) of firm i. V
i
=
the voting rights level of the largest ultimate owner of firm i. CV
i
= the ratio of cash flow rights over voting rights
of the largest...
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BCKH DETERMINANTS OF CAPITAL STRUCTURE OF LISTED MANUFACTURING THE CASE IN VIETNAM
Ngày tải lên :
26/02/2014, 14:28
... (1958), “The Cost of Capital, Corporate Finance,and
the Theory of Investment”. American Economic Review.
[3] Rajan, R. G. & Zingales, L, (1995), “What do we know about capital structure? Some ... Journal of Finance.
[4] Trần Đình Khôi Nguyên (2006). “Capital structure in small and medium-sized
enteprises: the case of Vietnam”. ASEAN Economic Bulletin.
[5] Nguyễn Ngọc Vũ (2003). Determinants ... (2003). Determinants of capital structure for listed firms in the
Vietnam stock Exchange Market”. Danang University Press, Danang, Vietnam.
[6] Stata Web Book. University of California, Los Angeles....
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Households as Corporate Firms An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting pptx
Ngày tải lên :
07/03/2014, 15:20
... Institute of Technology (MIT), Princeton
University, the University of California at San Diego, the University
of Thai Chamber of Commerce in Bangkok, and the Ministry of
Finance of Thailand, ... James Killian Professor of
Economics in the Department of Economics at the Massachusetts Institute
of Technology. He previously was the Charles E. Merriam Distinguished
Service Professor in the ... Household Surveys and Corporate
Financial Accounting
Krislert Samphantharak
University of California, San Diego
Robert M. Townsend
Massachusetts Institute of Technology
Households as Corporate Firms18
Two...
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Analysis of financial structure pot
Ngày tải lên :
10/03/2014, 19:20
... managers of the firm (own only
small fraction of equity of the firm)
-
Principal: owner of the firm (own large fraction
of equity of the firm)
ã
Separation of ownership and control
of the firm
Managers ... feature of
debt contracts
8. Debt contracts are extremely complicated
legal documents that place substantial
restrictive covenants on borrowers
Chapter 8
An Economic
Analysis of
Financial Structure
... reserved.
8-14
Problem in developing contries
1/ Disclosure of information: poor => law
2/ Gov. use financial systems to direct credit to themselves
or to favored sectors of the economic
3/ Auditing and Consulting...
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the effect of corporate social responsibility on company’s financial performance
Ngày tải lên :
13/03/2014, 14:20
...
chief accountant of the company. The question is posed to take a close look at the
financial situation of the company and the effects of CSR activities to financial
operations of the company. ... spread of
model Ford - Taylor in corporate governance and the development model of the
welfare state (instead of the employer‟s charity) has obscured the issue of social
responsibility of business ... between CSR and financial performance.
1.2.2 Structure of Research
This study is consist of five chapters:
Chapter 1: Introduction
This chapter will introduce the situation of CSR and giving...
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the impact of corporate social responsibility (csr) on the company’s financial performance
Ngày tải lên :
13/03/2014, 14:20
... bias because of
the complicated and unstandardized market in Vietnam.
3.3.2 Measurement of financial performance of the firm.
Financial performance is measuring the results of a firm's ... (1979), Professor of University of Georgia, concluded that it was too narrow and
too static to fully describe the social efforts or performance of business. Additionally,
two new terms: Corporate ... (businessdictionary, 2011).
There is a wide range of criteria to measure corporate financial performance and most of
them are simple to calculate. However, measuring financial performance still involves...
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Báo cáo khoa học: Structures of type B ribose 5-phosphate isomerase from Trypanosoma cruzi shed light on the determinants of sugar specificity in the structural family ppt
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15/03/2014, 00:20
... concentrations
of All6P (upto 50 mm) were included; for these
reasons, only the phosphate moiety of the sugar has
been modelled in the structure deposited.
Comparison of TcRpiB structures
The various structures ... least partially the result of changes in the
structure of a phosphate-binding loop bordering the
active site. Mutation of this loop to make it more simi-
lar to that of EcRpiB gave TcRpiB the ... using the
software sod [33], which was placed at the position of the
molecular replacement solution. From this starting point,
the software arp ⁄ warp [34] was used to auto-build 99%
of the structure, ...
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WORKING PAPER NO. 40 FINANCIAL STRUCTURE AND THE INTEREST RATE CHANNEL OF ECB MONETARY POLICY pptx
Ngày tải lên :
15/03/2014, 14:20
... channel of the single monetary policy. The first is the
heterogeneity of retail banking markets. The second is the balance sheet structure of firms and
households. These two determinants of the ... evolve.
The second part of the paper provides a comparison of the balance sheets of the corporate and
household sectors in Germany, Spain, France and Italy at the start of Stage Three of EMU. These
balance ... stock market
capitalisation of 113% of GDP at the end of 1998. Moreover, the propensity to consume out of
wealth is much smaller than the propensity to consume out of income. Boone, Giorno and
Richardson...
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huang - determinants of financial development (2010)
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01/11/2014, 17:11
... Structure of the book 7
2 General Determinants of Financial Development 10
2.1 Introduction 10
2.2 The data 13
2.2.1 Samples 14
2.2.2 Measures of financial development 14
2.2.3 The potential determinants ... index of overall financial development
FDBANK index of extent of bank-based intermediation
FDBOND index of bond market development
FDEFF index of financial efficiency
FDSIZE index of size of financial ... #11
Tables
2.1 Determinants of FD by using BMA 30
2.2 Determinants of FD 32
2.3 Top ten models and their posterior probabilities for FD 34
2.4 Geography, policy, institutions and FD 35
2.5 Determinants of...
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