Capital Structure Decisions in Institutional Buyouts Diss. RWTH Aachen 2005
Aus der Reihe
Entrepreneurship
-
- Englisch ausgewählt
Fr. 73.90
inkl. gesetzl. MwSt.,
Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
24.02.2006
Verlag
Deutscher UniversitätsverlagSeitenzahl
260
Maße (L/B/H)
21/14.8/1.6 cm
Gewicht
376 g
Auflage
1. Auflage
Sprache
Englisch
ISBN
978-3-8350-0229-6
Despite substantial progress in understanding what affects corporate financing decisions, a surprising lack of consensus has prompted researchers to continue to refine and test existing capital structure theories in different settings.
Christian Kühn explores the impact of institutional buyouts (IBOs) characteristics on the transaction's capital structure and examines the robustness of established theories in a context which deviates substantially from most empirical studies hitherto. He investigates detailed data from 94 IBOs across Europe by means of a set of univariate analyses and binomial logistic regressions. With regard to capital structure theories the identified relationships suggest a renaissance of the static trade-off theory while the relevance of the agency theory could only be confirmed in part. However, it appears that agency cost of debt assume a more influential role than do agency cost of equity.
Christian Kühn explores the impact of institutional buyouts (IBOs) characteristics on the transaction's capital structure and examines the robustness of established theories in a context which deviates substantially from most empirical studies hitherto. He investigates detailed data from 94 IBOs across Europe by means of a set of univariate analyses and binomial logistic regressions. With regard to capital structure theories the identified relationships suggest a renaissance of the static trade-off theory while the relevance of the agency theory could only be confirmed in part. However, it appears that agency cost of debt assume a more influential role than do agency cost of equity.
Kundinnen und Kunden meinen
Verfassen Sie die erste Bewertung zu diesem Artikel
Helfen Sie anderen Kund*innen durch Ihre Meinung