Firm size and capital structure: evidence using dynamic panel data
نویسندگان
چکیده
منابع مشابه
International Capital Mobility: Evidence from Panel Data
Krol (1996) reports estimates of the saving-investment correlation, based on panel regressions, that are much lower than commonly found in the literature. This note argues that this low estimate is not related to the panel estimation technique, as Krol claims, but largely to the inclusion of Luxembourg in the sample. Panel estimation only reduces the correlation’s estimate by about 0.12. Octobe...
متن کاملCombining time DEA scores using a dynamic panel data model
We define a combined DEA score to evaluate efficiency in agricultural research. The production model we propose considers efficiency measurements under variable returns to scale for each year in the period 2012–2017. We postulate a first-order autoregressive process in the presence of covariates, to explain efficiency. Powers of the autocorrelation coefficient estimated assuming a dynamic panel...
متن کاملCapital Structure and Firm Performance:
Corporate governance theory predicts that leverage affects agency costs and thereby influences firm performance. We propose a new approach to test this theory using profit efficiency, or how close a firm’s profits are to the benchmark of a best-practice firm facing the same exogenous conditions. We are also the first to employ a simultaneous-equations model that accounts for reverse causality f...
متن کاملInformation Technology and Firm Boundaries: Evidence from Panel Data
Full terms and conditions of use:
متن کاملCapital Structure, Firm Liquidity and Growth
This paper is an exploration of the relationships among the firm's financial structure, its choice of liquid asset holdings, and growth. The literature on the determinants of economic growth has long studied the role of financial development in promoting growth. The literature on corporate finance provides some microeconomic underpinnings for this relationship in the form of a variety of partia...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Applied Economics
سال: 2011
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036846.2011.595690