This study was undertaken to determine how effective Islamic Capital Market Securities, namely the issuance of subordinated sukuk and others in banking, are on quantity working capital financing distribution MSMEs Indonesia. By using monthly time series secondary data multiple linear regression analysis techniques, it found that had a significant positive effect increasing MSMEs. It can be conc...

We examine in a Cournot duopoly model the well known view that short-term capital market debt can control managerial moral hazard. We show that short-term debt does not provide this discipline because of management’s manipulation of the information flow to the market. Shareholders may nevertheless prefer short-term debt because it motivates management to be more aggressive in the product market...

The present work is devoted to the research of investment projects’ financing issues. Within this paper a data analytical tool for an optimal financing schema computation on the basis of solving the multicriterion dynamical problem is being presented. The model reflects the interests of both company and investor receiving maximum profit from the project execution as well as selection of a prior...

Current theories of capital structure have difficulty explaining the aspects of financing behavior we document. In contrast to the tradeoff theory, seasoned equity offers frequently move firms away from their target leverage ratios. At odds with the pecking-order theory, SEO firms typically are financially healthy companies with low leverage, unused debt capacity and substantial cash balances. ...

Firms often cite financing constraints as one of their primary obstacles to investment. Global capital flows, by bringing in scarce capital, may ease host-country firms' financing constraints. However, if incoming foreign investors borrow heavily from domestic banks, multinational firms may exacerbate financing constraints by crowding host-country firms out of domestic capital markets. Combinin...