Capital structure is one of the most frequently discussed issues within Corporate Finance
Theory. Optimizing the capital structure and value of the tax shield through the evaluation of …

This paper provides general framework for handling time-varying cost of capital, leverage,
tax rates, and capital values in a dynamic free cash flow theory of capital structure. That …

We present an empirical test of a new measure to classify organizations according to the
tangibility of product (output) flows delivered to customers. Our measure exhibits the …

This research was aimed at exploiting the dynamic relationship between leverage and the
value of the firm using the panel data of Nigerian firms couple with the use of partial …

Bond default and rank transition are often modeled as a Markov chain with an absorbing
state. However, recent studies have shown that the theory does not match the empirical …

This study attempts to investigate the differences among capital structures in different
industrial sectors of Pakistan namely food (sugar), chemicals, materials & construction …

Abstract [eng] The required adoption of International Financial Reporting Standards (IFRS)
has changed the essence of accounting. The major changes came with the adoption of IFRS …

Stakeholders are increasingly insistent that companies increase firm value. The problem is
that stakeholders of financial services firms are unable to accurately determine firm value …

This thesis aims to examine how Swedish households have rebalanced their investments in
the risky portfolio from 2001 through 2014, using direct holdings in stocks as a proxy for …

This paper aims to evaluate the Spanish food retail company, Distribuidora Internacional de
Alimentacion, DIA, and ultimately set a price target and a buy/sell recommendation. In order …