[PDF] Top 20 Time-to-build and the capital structure

... tangible capital, including stocks of plant and equipment, consumer durables and ...of capital have different construction periods and patterns of resource ...of capital, we assume, as a compromise, ... See full document

... fixed capital is one of the most important and volatile components of aggregate ...its capital stock be- comes a summary statistic for ...of capital market imperfections that disturb the firm’s ... See full document

... for capital market imperfections (see for ...in capital markets, ...longer time-to-build investment schedules compared to the latter group of (unconstrained) ...longer time-to- ... See full document

... We note that using a third party to set up SNARK parameters is not necessary for our time- lock encryption scheme. The party who produces the ciphertext can generate the SNARK parameters itself. This party can be ... See full document

... Our article is also related to the literature analyzing capital structure choice under asymmetric information in a dynamic environment (multi-period decision-making situation). Some examples in previous ... See full document

... of capital structure (debt to equity) on profitability, liquidity, tangibility, interest rate and growth rate to measure performance of banking sector of ...of time and use only eleven years ... See full document

... the time evolution of leverage reveals two interesting patterns, common to all samples, which help to identify the economy-wide factors which are likely to be behind ...the capital markets started expanding ... See full document

... query time on databases, we need to describe data structure in a more simple way and build a corresponding data structure to reduce searching space during implementing query while ensuring ... See full document

... Protability and growth opportunities If current prots are a good indi- cation of future prots we should observe a positive relationship between prots and debt (Ross (1977)). At the same time if a rm displays good ... See full document

... Ineffective hedging can reduce the profitability of capital structure arbitrage, as shown by Yu (2006). Our study sheds new light on the role of hedging in CDS and equity markets, although we find that this ... See full document

... firm’s capital structure. It is widely accepted that the capital structure dynamics can be driven by two versions of equity market ...a time- varying mispricing of stock of the company ... See full document

... p.23) and is based on the idea of impossibility to describe all states of nature in the future. Obviously, this task is much more complicated in the long- term than in the short-term. As a result of outsiders’ inability ... See full document

... This paper builds on pecking order and signaling theories of capital structure. These theories directly relate to asymmetric information. The "Pecking-order theory" (POT) was put forth by Myers and ... See full document

... Stock price movements are not detached from the power supply and demand will stock it. If the request is larger when compared with the supply, then the resulting stock price goes up, and vice versa when supply is greater ... See full document

... between capital flows and financial crises in Nigeria by annual time series data spanning from 1986 to ...and capital accounts ...of capital flows and macroeconomic effects in India by ... See full document

... The market reaction shown by the change in stock price is concerned. The market reaction can be measured by using stock returns as the value of changes in prices or by using abnormal return. If the abnormal return is ... See full document

... In the last decade, the finance and law literatures have linked investor protection with the development and structure of the financial system. In a seminal paper, La Porta, Lopez-de-Silanes, Shleifer and Vishny ... See full document

... where the cross-linked polymers are formed by polycondensation, i.e. when mechanical destruction of the cross-linking occurs in a synthesis process affecting by boundary stresses. It was proved in many studies (Mozninea ... See full document

... on capital structure of emerging ...that capital structure decisions in developing markets are driven by the same variables as in developed ones, although there are persistent ... See full document

... What are the trade-offs? Less chance for capital gains, for one. Within limits, the income- oriented investor can ignore fluctuations in the prices of his bonds. The total return investor relies on opportunistic ... See full document