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 20 of 28 for “"Short-term Debt"”.
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The Influence of Financing Structure on Performance of MSMEs in South African: "The Valley of Death"
… on large enterprises, have revealed that debt financing structure influences enterprise performance. Though the issue has been extensively researched, micro, small, and medium-sized enterprises (MSMEs) have traditionally been operating differently as compared to large enterprises in terms …
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Three Essays on the Management of Local Government Cash Flows
… questions in the literature regarding the use of short-term financial resources to improve a government’s internal operating process and successfully navigate challenging fiscal environments. Together, the three essays contribute to our understanding of cash flow management strategies and the …
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Effects of Capital Structure on Company Performance, A Perspective of Small Cap Companies In South Africa
… Africa. A quantitative research was used to determine the relationship between the independent variables (capital structure variables of trade finance, long-term debt and short-term debt) and the dependent variable (financial performance which was measured using: 1. return on assets (ROA); 2. …
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The determinants of capital structure : a study of industrial firms listed on the JSE
… intends to offer further insight into the determinants of capital structure of industrial firms listed on the Johannesburg Stock Exchange. The amount of debt in a firm is an indication of leverage and this study uses various different ratios as a proxy for capital structure. Using multiple …
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Essays on Debt Maturity
<p>I study firms' debt maturity decisions. I provide two models for optimal debt maturity choices when facing stochastic productivity and rollover risk. The first model is based on firms' need to smooth their capital when facing uncertainties in external financing. When the capital market freezes, …
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Essays on the financial sector and macroeconomic policy
… policy reacts to changes in the cost of public debt finance. The four chapters share an overarching motivation, namely having all been motivated by the events of the current financial crisis - first in its guise as a banking crisis and then in its guise as a sovereign debt crisis. All four …
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The impact of firm size and industry on capital structure decisions
… and also tests for differences between debt maturities. Multiple fixed effect models are used to firstly test for the main factors that impact capital structure and secondly to test which sources of capital are preferred to finance a change in assets. The analysis shows that firms of …
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Debt leverage, company growth and job creation : South African manufacturing
… Africa. This research project studied the impact debt leverage has on a companyÕs ability to grow revenue and create jobs. Most recent literature focused on debt leverage and the increase in company investment but not extensively in company revenue growth. Furthermore, most literature was based on …
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Change in Corporate Debt Levels in South Africa from 1994 to 2016
This paper investigated the change in corporate debt levels in South Africa from 1994 to 2016. Included is an analysis of factors that companies take into consideration when determining the company's capital structure. This study used data from companies, largely from the mining sector, within …
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Essays in corporate finance and investments
… constraints costs. In addition, the effect of debt maturity is also examined in this framework, and without financial constraints, there is no short-term debt effect. These model implications are supported in a large sample of firms over the 1965 to 2009 period: (1) financial constraints help …
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An examination of the effect of the global financial crisis on the link between capital structure and firm performance
… The ratios of total liabilities, long term liabilities and short-term liabilities to total assets are used as proxies for capital structure. The study uses firm size, liquidity, and tangibility as control variables. The main findings based on the link between capital structure and firm …
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Issues in international economics: an empirical study on the sustainability, external debt and reserves management.
… sustainability position, the role of external debt in economic growth, and the reserves and debt management.<br/>The main intention of the first essay (comprising Chapter 2) is to analyze the sustainability of the current account and fiscal position for high, middle and low income countries. …
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The relationship between access to debt finance and viability of small & medium enterprises in Zimbabwe
… the relationship between the level of access to debt finance and viability among 41 randomly selected SMEs operating in the agricultural sector in Zimbabwe for the period 2011 and 2014 using descriptive statistical analysis and panel data regression analysis. The study found that viability is …
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The moderating effect of firm size on corporate governance practices with firm’s capital structure
… were found to have positive influence on debt equity ratio, long term debt, short term debt and debt ratio of capital structure. However, corporate governance practices influence on debt ratio is not statistically significant. Firm size moderating the relationship between corporate …
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The effect of capital structure on profitability of manufacturing companies in Tanzania
… a negative relationship revealed between debt to equity ratios and return on equity. Debt to asset ratios indicated a positive relationship with return on equity when random effect regression used. Other results indicated a positive relationship between ROA and all capital structure …
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Essays on European Banks' Consolidation, Integration and Systemic Risk
… power and supervisory power are the main determinants of acquirers’ performance changes after M&As. Secondly, we obtain that interest rate difference between distressed and non-distressed countries negatively granger-cause change of ROE and change of NII but not vice versa. Thirdly, we find …
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A cross sectional study of the capital structures of firms listed on the JSE
… regression model which takes into account the determinants of capital structure was used to identify the effect of firm level characteristics on the capital structure across the industrial sectors. The findings indicate that firms in the health care services, utilities and industrial sectors …
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Essays in Behavioural Corporate Finance
… (i.e., less research & development expenses, debt financing and dividend payout). Conservative CFOs are less likely to raise more short-term debt. The second chapter explores the impact of directorate interlocking networks on stock liquidity. Directorate interlocking is evidenced as an …
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Financial market failures and systemic crises
… that justifies the macroprudential regulation of short-term debt to mitigate the probability of systemic bank runs. Without regulation, banks do not internalize how their funding decisions affects the terms at which other market participants can obtain credit. The formal welfare study conducted, …
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Four essays on capital structure dynamics: special reference to level of leverage, state ownership, corporate governance and climate risk
… of leverage adjustment, others explore the determinants of SOA. In contrast to prior studies which focus on developed markets, we explore both a developed market (United States) and a developing market (Vietnam). Two of the four essays here focus on the U.S. market when examining the method of …
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