منابع مشابه
Investigating the Relationship between Multiple Variables and Momentum and Inverse Profits in Tehran Capital Market
abstract In this study, using the financial information of 70 companies listed on the Tehran Stock Exchange during the years 2009-2017, the relationship between momentum and inverse profits with the size and ratio of book value to the market value of the company and the volume of transactions using multivariate regression models. Based on combined data has been studied. The research findings in...
متن کاملLiquidity and Capital Structure
Liquidity and Capital Structure* This paper solves for a firm's optimal cash holding policy within a continuous time, contingent claims framework that has been extended to incorporate most of the significant contracting frictions that have been identified in the corporate finance literature. Under the optimal policy the firm targets a level of cash holding that is a non-monotonic function of bu...
متن کاملIntangible assets and capital structure
Tangible assets, many of which can be easily collateralized, support debt. Accordingly, the amount of tangible assets is well-established as a principal driver of leverage. As investing is shifting more and more from tangible to intangible assets, it becomes crucial to understand to what extent intangible assets support debt. Analyzing this question empirically has been largely unfeasible due t...
متن کاملCounterparty Risk and Capital Structure
The 2007-2009 financial crisis and recession highlighted the role of counterparty risk in financial contracts, many once thought immune to such problems. However, counterparty risk can be significant in a wide variety of contracting situations and can impact capital structure decisions. Using commercial real estate leases as an example, this paper presents a new model that endogenizes the capit...
متن کاملResource Flexibility and Capital Structure
T paper examines how the optimal investment in the capacity of flexible and nonflexible resources is affected by financial leverage and, conversely, how a firm’s resource flexibility affects its optimal capital structure. We consider a two-product firm that invests in the optimal capacity of product-flexible and productdedicated resources in the presence of demand uncertainty. Before investing ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1104886