the aim of this study is to investigate into the relationship between parents' cultural capital and their tendency toward gender discrimination. many analysts and social theorists believe that cultural capital is one of the main factors which determines the cultural, economic, political and social structure. in addition, in this study gender discrimination, is examined so we have used the ...

We examine the impact of outsourcing supply contracts on firm risk and firm capital structure. We find that firm outsourcing is associated with less risky firm cash flows. Despite these less risky cash flows, our results show that outsourcing firms use less financial leverage – in particular during the recent financial crisis. We show that the effect of outsourcing on financial leverage is more...

e recently conducted a comprehensive survey that analyzed the current practice of corporate finance, with particular focus on the areas of capital budgeting and capital structure. The survey results enabled us to identify aspects of corporate practice that are but the opinions expressed herein do not necessarily represent the views of FEI. We thank the FEI executives who responded to the survey...

In this paper, we show that although ex ante equityholders would like to adopt an optimal displacement and operating policy, they may not have incentives to implement such a policy ex post when the manager acquires firmspecific human capital and becomes indispensable to the firm’s continued operation. An optimal mix of debt and equity can serve as a commitment device in disciplining the manager...

We examine the impact of outside purchase contracts on firm risk and firm capital structure. We find that firms with more outside purchase contracts have less risky cash flows. Despite these less risky cash flows, firms with these contracts also have less financial leverage especially when they operate in high value-added industries. Examining firm financing decisions, we document that firms wi...

This study conducts a cross-country comparison of capital structure and its determinants between UK and Germany to test alternative theories of capital structure within different institution traditions. The purpose of this study is to bring into focus the possible effect of institution differences on capital structure choice and its firm-level determinants.