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.
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Showing 1 to 20 of 46 for “"external financing"”.
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External Financing of Economic Development in Africa
Absence of a general theory of economic development that is applicable to the low income countries is a handicap in analyzing the problem of "underdevelopment". It cannot readily be concluded from this, however, that all partial analyses of specific development problems in the poor countries are …
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Four essays in empirical corporate finance and financial markets : social captial, corporate risk-taking, external financing, and financial market development
… of managerial social capital on investment and external finance sensitivities to cash flow and Q. The paper documents that social capital reduces a firm's dependence on internally generated cash. Social capital positively affects external finance--Q and negatively-- external finance-cash flow …
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Early adoption of accounting standards in the banking industry
… of accounting standards to better access external financing. Both economic intuition and theories suggest that banks are motivated to take measures such as information disclosure to better access capital markets. Examining accounting standards from January 1995 to March 2008 that allowed …
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The impact of new equity financing on firms' investment, dividend and debt-financing decisions
Investment, dividend and external financing decisions are the major decisions of a firm. External financing includes the flotation of new common shares and/or new debt. Previous studies on the interrelationships among these three decisions precluded new equity financing in their models. Thus, their …
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Essays on Debt Maturity
… their capital when facing uncertainties in external financing. When the capital market freezes, new external financing is difficult. Firms with large debt repayments due have to forego good investment opportunities and in severe cases cut back on dividends. Long-term debt reduces immediate …
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Essays on family business groups, corporate investments, and cash management
… standalone firms in the face of supply shocks to external financing precipitated by the 2008 Global Financial Crisis. This study finds that access to an internal capital market via membership of a business group moderates the firms’ dependence on external capital. Consequently, group-affiliated …
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Corporate risk management practices: evidence from Croatian and Slovenian companies
… costs, capital market imperfections and costly external financing, taxes, managerial utility maximisation and hedge substitutes. We have also tested the assumption that corporate risk management is more developed or has different rationales among Slovenian than among Croatian companies. On the …
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Optimal corporate investment and financing policies with time-varying investment opportunities
… (the BCW model) of dynamic corporate investment, financing, and risk management for a financially constrained firm. In the BCW model, corporate risk management is a combination of internal liquidity management, financial hedging, investment, and payout decisions. However, Bolton et al. (2009) …
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The Belt and Road Initiative: Geopolitical Expansion and Institutional Instability in the DRC and Sri Lanka
… exhibit structural vulnerabilities that allow external actors to reshape their political and economic trajectories. In the DRC, Chinese initiatives leverage abundant mineral resources and a highly centralized executive structure, reinforcing weak institutional oversight. In Sri Lanka, financial …
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Three essays in corporate finance
… member firms and with greater dependence on external financing . Our results suggest that within-group risk variability along with internal capital markets enabled chaebol to effectively reduce risk in response to the increased cost of external financing. The final chapter documents a new …
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Do private firms engage in earnings management practices to get capital grants? Some evidence from Italy
… through their own internal resources or by external financing. Assessing firms’ operating and financial performance becomes thus central for granting authorities that have to select the beneficiaries. In turn, these stricter conditions to gain a non-tax benefit in the form of capital …
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Economic Deregulation And Corporate Dividend Policy
… content of dividends, and changes in corporate financing behavior along the deregulation process. Empirical results reveal that economic deregulation per se does not have significant impacts on firms' propensity to pay dividends. However, it seems that firms reduce dividend payout along the …
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Investigating the relationship between private sector credit extension and economic growth: A case study of Namibia
… is so because better financial systems alleviate external financing constraints that may hinder business growth and expansion. In light of this, the study investigated the relationship between private sector credit extension and economic growth in Namibia. Using quarterly data on Gross Domestic …
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FDI and ODA in SSA: Does it contribute to the SDGs?
… Africa (SSA) faces a persistent funding gap in financing its Sustainable Development Goals (SDGs). External finance flows are regarded as a key source of SDG financing. Therefore, can foreign flows in the form of Foreign Direct Investment (FDI) and Official Development Assistance (ODA) assist …
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Three Essays on Product Market Capital Market Interactions
… the corporate finance literature explores the financing decisions of the firm. But the truth is both the financing decisions and the product market decisions are interdependent and should be modeled together to develop a better understanding of a firm's decisions. This thesis takes a step in …
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Estudio de prefactibilidad para la instalación de una planta productora de muebles multifunción de dormitorio, elaborados a base de melamina
… was determined, in which 60% corresponds to external financing by a banking entity. A financial NPV of 944,102 soles, a financial IRR of 74% and a cost benefit value equal to 3.34 soles were estimated in the project's life horizon corresponding to 6 years, in addition to an estimated …
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Capital structure and debt maturity choices of firms in developing countries
… firms do not consider profitability when making external financing decisions. Firm level determinants are important for large firms regarding capital structure and debt maturity decisions. However, most of the economic and financial environment variables become insignificant. Therefore, the main …
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Two essays on capital structure
… and financial deficits (i.e., the amount of external capital raised) have strong influences on capital structure changes, but in contrast to previous conclusions, we find that their effects are subsequently at least partially reversed. These results indicate that although a firm’s history …
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Access to finance and SME growth in the formal sector
… investigate the relationship between access to external finance and the growth of small and medium enterprises (SMEs) in the formal sector, focusing on Gauteng, South Africa. SMEs encounter significant challenges in accessing finance, especially compared to larger corporations, which creates a …
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Whose Beliefs Matter for Firm Investment?
… incentives, CEO confidence, board oversight, and external financing concerns suggest that they do not account for these patterns. This evidence reveals a new puzzle: firms appear to adjust capital investment to outsider beliefs in ways unexplained by standard incentive, behavioral, or governance …
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