Tangibility, Liquidity dan Growth Opportunity Sebagai Faktor Penentu Leverage Perusahaan
نویسندگان
چکیده
منابع مشابه
Parks: An Opportunity to Leverage Environmental Health.
Edi tor ’s Note : NEHA strives to provide up-to-date and relevant information on environmental health and to build partnerships in the profession. In pursuit of these goals, we feature a column from the Environmental Health Services Branch (EHSB) of the Centers for Disease Control and Prevention (CDC) in every issue of the Journal. In these columns, EHSB and guest authors share insights and inf...
متن کاملLeverage and Liquidity Dry-ups: A Framework and Policy Implications
We model financial market liquidity as provided by financially constrained arbitrageurs. Market liquidity increases with the level of arbitrage capital, i.e., internal and external capital arbitrageurs can access frictionlessly. We show that liquidity dry-ups follow periods of low returns of arbitrageurs’ risky investment opportunities, and that liquidity is correlated across markets. A welfare...
متن کاملLymphocyte chromosome breakage in low benzene exposure among Indonesian workers
Latar belakang: Benzena sudah digunakan sejak lama dalam industri dan penggunaannya cenderung meningkat sehingga memerlukan pengendalian. Walaupun benzena industri dikendalikan < 1 ppm, namun efeknya masih terlihat, antara lain berupa patahan kromosom limfosit. Penelitian ini bertujuan mengevaluasi patahan kromosom limfosit sebagai efek pajanan benzena kurang 1 ppm di lingkungan kerja, dan fakt...
متن کاملThe Dark Side of Liquidity Creation: Leverage and Systemic Risk
This paper exposes a fundamental tension between the micro-prudential objective of subjecting banks to greater discipline through debt markets and the macro-prudential objective of containing systemic risk. We show that banks are illiquid due to the inability of bankers to credibly pre-commit to asset choices. Bank debt can reduce this illiquidity by disciplining bankers with the threat of prem...
متن کاملLeverage and Liquidity: Evidence from the Closed-End Fund Industry
LEVERAGE AND LIQUIDITY: EVIDENCE FROM THE CLOSED-END FUND INDUSTRY BY YUEHUA TANG APRIL 19, 2013 Committee Chair: VIKAS AGARWAL Major Academic Unit: YUEHUA TANG This paper uses the February 2008 auction rate security (ARS) market freeze to examine the spillover effects of an exogenous funding liquidity shock on the underlying asset markets. Consistent with theory, I find that the stocks held by...
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: Jurnal Benefita
سال: 2019
ISSN: 2477-7862
DOI: 10.22216/jbe.v4i2.4182