نتایج جستجو برای: assets structure
تعداد نتایج: 1589884 فیلتر نتایج به سال:
The relation between a firm’s stock return and its intangible investment ratio and asset tangibility is derived under the intangible-asset-augemnted (IAA) q-theory framework. Using firm level data and the Generalized Method of Moments (GMM), we estimate the model and three main results emerge. First, the IAA q-theory captures the value premium and the relation between R&D intensity and stock re...
We develop an economic model that relaxes assumptions in Property Rights Theory to allow for investment in innovation that can benefit both client and vendor in an IT outsourcing relationship. Our model offers an explanation for the empirically observed heterogeneity in asset ownership structure. We find that optimal ownership structure can vary due to the different incentives of the client and...
Earnings quality is an effective factor in determining the level of cash holdings in corporations. Some researches indicate that increase in accounting information quality leads to decrease cash holdings. Therefore the main goal of this paper is to review the relationship between earnings quality as independent variable and cash holdings as dependent variable in Tehran Stock Exchange. The other...
When a financial institution relies heavily on debt finance, it may be tempted to engage in risk-shifting, deviating from efficient asset choice. We show that such risk-shifting incentives can be dampened by creating a two-subsidiary structure, where one subsidiary holds lower-risk assets and the other holds higher-risk assets; intuitively, this “insulates” lower-risk assets from higher-risk as...
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