I explore whether a Belgian policy that reduced the corporate tax bias towards debt finance was successful in lowering firm leverage. Using putatively exogenous time series variation cost of equity financing and difference-in-differences strategy includes similar firms from surrounding countries, find did lead to increased ratios, with some evidence shift short-term long-term debt.

This is a doctoral level seminar on corporate development. In each class, we will discuss and develop a particular perspective on acquisitions and alliances. The basic purpose of the course is to familiarize students with the basic assumptions, concepts, theories, empirical approaches and their limitations in contemporary research on this topic. Because these are evolving subject areas and unde...

JEL Classification G32, G34, G39. This paper examines the role of debt resulting from bank financing for corporate governance towards the activities of withdrawing cash and assets to controlling shareholders’ account to benefit their rights by capturing secondary data for 250 nonfinancial firms listed in the Vietnam Index, considered as one of the emerging stock markets, during the period from ...

Not th e leas t factor , when lau nching th e corp orate tr aining, is str ategy dete rmination. On the one hand, an e ducational institution has to follow the mar ket and be able to satisfy the demands of corporate clients and companies. I t is a s o called market adaptation. However, th is approach implies a number of shortcomings. An excessive interest in mar ket ad aptation may l ead to lop...

The Market and Technology ........................................................................................................2 The Entrepreneur(s) ....................................................................................................................4 Awards and Publicity .............................................................................................................

Corporate bankruptcy prediction is a usual problem found in financing and management. In this paper a new approach is proposed based on Machine Learning and Fuzzy Logic. Our attempt, finally, results in a useful fuzzy system, which can be used in order to classify firms into efficient and inefficient ones.

This research provides new insight in the application of IT to optimize the corporate strategy of notaries in the Netherlands. Since the forced liberalization of prices and the freedom of establishment introduced by the 1999 Notary Act, notaries have become entrepreneurs. Notaries are forced to adopt a competitive corporate strategy. This has brought new opportunities for the application of IT....

We show that the value of corporate diversification increased during the 2007–2009 financial crisis. Diversification gave firms both financing and investment advantages. First, conglomerates became significantly more leveraged relative to comparable focused firms. Second, conglomerates’ access to internal capital markets became more valuable not just because external capital markets became more...

Consistent with the existing literature in U.S. domestic M&As, the methods of payment also seem to convey information about acquiring firm valuation in cross-border acquisitions. Cash-financing is associated with positive wealth gain upon foreign M&A announcements while equity-financing results in insignificant shareholder wealth increase. The fact that equity-financing does not lead to value l...