منابع مشابه
Intangible 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...
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Possession of strategic assets is a necessary condition for sustained competitive advantage. This condition is, however, not sufficient. Firms require financial management capability to realize the rents present in their strategic assets. The firm-specific nature of strategic assets implies that they be financed primarily through equity; other less specific assets should be financed through deb...
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Banks are one of the most important economic pillars of countries that play a significant role in their growth and development. In Iran, due to the expansion of the financial and monetary system, banks have practically taken on the task of collecting and allocating economic resources. One of the important tasks of banks is the optimal management of assets and liabilities with the aim of maximiz...
متن کاملComparative Study of Capital Assets Pricing Models (CAPM) with Extrapolating Capital Assets Pricing Models (X-CAPM) in Tehran Exchange Market
The main objective of this article is to present a comparative study of capital assets pricing models (CAPM) with extrapolating capital assets pricing models (X-CAPM) of companies admitted in Tehran Exchange Market which is accomplished for the first time by investigators of this research in Iran. Accordingly, the statistical population under study of this research includes all companies admitt...
متن کاملA study of Financing Decisions and Capital Structure in Real Investment
In real investment, there is a relationship between external financing and abnormal stock returns. This study predicts a negative correlation between external financing and stock returns. The dependent variable of the research is stock returns and the independent variables are net financing and equity ratio. Also, control variables of the research includes assets growth, company’s size and comp...
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ژورنال
عنوان ژورنال: Journal of Financial and Quantitative Analysis
سال: 2013
ISSN: 0022-1090,1756-6916
DOI: 10.1017/s0022109013000525