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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP4225 |
DP4225 Creating Low-Skilled Jobs by Subsidising Market-Contracted Household Work | |
Klaus F. Zimmermann; John P Haisken-DeNew; Tilman Brück | |
发表日期 | 2004-02-23 |
出版年 | 2004 |
语种 | 英语 |
摘要 | This Paper reports a new test of capital structure theories. It uses a filtering technique to identify large investment spikes. We find that the spikes are predominantly financed with debt by large firms and by new equity by small loss-making firms. In the process, firms move significantly away from their previous capital structures but then revert back to them by making frequent issues of small amounts of equity. Neither the pecking order nor the trade-off theories on their own provide satisfactory descriptions of these dynamic features of corporate financing. |
主题 | Financial Economics |
关键词 | Capital structure Corporate finance Pecking order Trade-off theory |
URL | https://cepr.org/publications/dp4225 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533193 |
推荐引用方式 GB/T 7714 | Klaus F. Zimmermann,John P Haisken-DeNew,Tilman Brück. DP4225 Creating Low-Skilled Jobs by Subsidising Market-Contracted Household Work. 2004. |
条目包含的文件 | 条目无相关文件。 |
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