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Decision on the capital structure of an enterprise is very important because a bad decision can affect a company’s profitability leading to a decrease in the shareholders value. The good financial dec...
Due to the financial features specific to agricultural cooperatives, the paper constructs a constrained-maximizing model under the assumption that the financial objective of an agricultural cooperativ...
This paper examines the impact of local tax rates and capital market conditions on the level and composition of borrowing by foreign affiliates of American multinational corporations. The evidence ind...
This paper has benefited from several interviews conducted with owner-managers of new small firms in Italy. We are particularly grateful to Lino Agrosi, Paola Celentano, Giuseppe Pesenti, Mauro Rossi ...
Board of directors is one of the important parts of the corporate internal governance mechanism. Using panel data from 144 China’s private listed companies during 2001——2003, this paper empirically st...
The aim of the paper is to approximate the conclusions of the Trade-off model for practical usage in Czech dairies. In the contribution, there is carried on a transformation of the basic Trade - off m...
We study associations between managerial entrenchment and firms' capital structures, with results generally suggesting that entrenched CEOs seek to avoid debt. In a cross-sectional analysis, we find ...

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