Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 11 of 11 for “"Financial flexibility"”.
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Firms’ financial flexibility and the profitability of style investing
This thesis examines how firms’ financial flexibility affects the profitability of three of the most commonly used style investing strategies. They are the value-growth trading strategy (going long on stocks with high Book-to-Market ratio and short on stocks with low Book-to-Market ratio), the …
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Renegotiation and the choice of covenants in debt contracts
… include covenants that restrict the borrower's financial flexibility in good states. This finding suggests that when renegotiation costs are high, borrowers and lenders avoid the use of covenants that are more likely to hold up the borrower and force it to bypass value-enhancing corporate …
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Implementation of improved management control of Aviation Depot Level Repairable funds.
… the supply system discipline; (2) to improve financial flexibility; (3) to improve budget forecasting; (4) to improve material support responsiveness. This thesis will examine the implementation process and present specific recommendations for improving the management control o[ AV-DLRs in the …
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Three essays on the dynamic ownership and governance of U.S. farmer cooperatives /
… firms and cooperatives. Demographically, all financial characteristics as well as most board and management characteristics are observed to be significantly different for the two samples. According to the main result of the empirical analysis, the causal impact of board size, female …
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Two Essays on Capital Structure Decisions of the Firm: An Empirical Analysis of the Impact of Managerial Entrenchment and Ethical Corporate Citizenship
… the impact of managerial entrenchment on financial flexibility and capital structure decisions of firms. Agency conflicts and asymmetric information between managers and shareholders of firms exacerbate managerial entrenchment, which is operationalized using the entrenchment index. The …
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The impact of leverage on firm performance: evidence from start- ups in Swedan
… to maintain moderate debt levels to preserve financial flexibility and long-term growth potential, offering critical insights for entrepreneurs, investors, and policymakers.
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Risk management with residential real estate derivatives : strategies for home builders
… the objective of hedging is to increase a firm's financial flexibility by maximizing its liquidity - slack in the form of cash or unused debt capacity - when falling output prices reduce income and make it difficult to raise external financing, but do not reduce the firm's need for funds. An …
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Local government in South Africa – Efficiencies revisited
… a negative relationship with efficiency scores. Financial flexibility, financial independence, and grants all have a positive impact on the efficiency of local municipalities in South Africa. Institutional capacity is insignificant in establishing municipal efficiency However, both financial …
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Exploring the paired share REIT and quantifying its tax advantage
… legislated REIT restrictions limit its financial flexibility. In addition, there are financial tactics available to the "C" corporation that can do much to mitigate these advantages. Two notable tactics are the use of the tax-shielding value of debt and the ability to retain earnings to …
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Essays in corporate finance and investments
… risk on the asset side. It studies the effect of financial constraints on equity holders' risk-shifting incentives within a real options framework. Within this framework, shareholders trade off the benefit of risk-shifting with the cost of financial constraints. Therefore risk-shifting is avoided …