This article provides empirical evidence on the zero-leverage phenomenon for a sample of European listed firms period 1995–2016. It is shown that there are two types with zero leverage: financially constrained face obstacles in obtaining external finance, as predicted by financial constraints hypothesis; and unconstrained maintain leverage consequence financing decision, which supports flexibil...

abstract:the general perception of islamic finance is that it prohibits the practice of paying and receiving interest, but islamicfinance is much broader than interest rate prohibition. islamic financial services can be viewed as a set of financialservices which are diversified based on the needs of society.since in the iranian economy most of the enterprises are micro and/or small, micro finan...

In this research, a model is designed to assess the effect of banking facilities over private sector investment. In this model, private investment is a function of non-oil GDP, and with a time lag, of import of capital goods, investment of public sector and the real facilities granted by the banking system to the private sector. The effects of the model indicate a meaningful effect of the ...

A diverse board has been seen as an important factor contributing to the success andsustainability of a company. Therefore, policies enhance diversity boards havebeen implemented in many countries around globe. However, previous findings on theimpact female leaders firm performance still remain inconclusive. Using dataset 20Vietnamese commercial banks over period from 2013 2019, this paper exam...

The purpose of this paper is to investigate the relationship between leverage and its main determinants in Argentine context, using trade-off theory pecking order theory. Studies that have addressed issue emerging economies are still quite rare results incomplete controversial. To identify companies be analyzed, we used a stratified sampling methodology, following an economic criterion. balance...

Abstract This paper comparatively investigates the cavitation erosion damage of two self-fluxing NiCrSiB hardfacings deposited via oxy-acetylene powder welding method. Examinations were conducted according to procedure given by ASTM G32 standard. In order research (CE), vibratory apparatus was employed. The damaged surfaces inspected using a scanning electron microscope, optical microscope and ...