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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado: 4 registros
| Registro 1 de 4 | |
| Autor: | Zingales, Luigi - |
| Título: | Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry |
| Fuente: | Journal of Finance. v.53, n.3. American Finance Association |
| Páginas: | pp. 905-38 |
| Año: | June 1998 |
| Resumen: | This paper studies the impact that capital market imperfections have on the natural selection of the most efficient firms by estimating the effect of the prederegulation level of leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged carriers are less likely to survive the deregulation shock, even after controlling for various measures of efficiency. This effect is stronger in the imperfectly competitive segment of the motor carrier industry. High debt seems to affect survival by curtailing investments and reducing the price per ton-mile that a carrier can afford to charge after deregulation. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 2 de 4 | |
| Autor: | Pagano, Marco - Panetta, Fabio - Zingales, Luigi - |
| Título: | Why Do Companies Go Public? An Empirical Analysis |
| Fuente: | Journal of Finance. v.53, n.1. American Finance Association |
| Páginas: | pp. 27-64 |
| Año: | Feb. 1998 |
| Resumen: | Using a large database of private firms in Italy, the authors analyze the determinants of initial public offerings (IPOs) by comparing the ex ante and ex post characteristics of IPOs with those of private firms. The likelihood of an IPO is increasing in the company’s size and the industry’s market-to-book ratio. Companies appear to go public not to finance future investments and growth but to rebalance their accounts after high investment and growth. IPOs are also followed by lower cost of credit and increased turnover in control. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 3 de 4 | |
| Autor: | Rajan, Raghuram-G - Zingales, Luigi - |
| Título: | Financial Dependence and Growth |
| Fuente: | American Economic Review. v.88, n.3. American Economic Association |
| Páginas: | pp. 559-86 |
| Año: | June 1998 |
| Resumen: | This paper examines whether financial development facilitates economic growth by scrutinizing one rationale for such a relationship: that financial development reduces the costs of external finance to firms. Specifically, the authors ask whether industrial sectors that are relatively more in need of external finance develop disproportionately faster in countries with more-developed financial markets. They find this to be true in a large sample of countries over the 1980s. The authors show this result is unlikely to be driven by omitted variables, outliers, or reverse causality. |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
| Registro 4 de 4 | |
| Autor: | Rajan, Raghuram-G - Zingales, Luigi - |
| Título: | What Do We Know about Capital Structure? Some Evidence from International Data |
| Fuente: | Journal of Finance. v.50, n.5. American Finance Association |
| Páginas: | pp. 1421-60 |
| Año: | Dec. 1995 |
| Resumen: | The authors investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries. At an aggregate level, firm leverage is fairly similar across the G-7 countries. The authors find that factors identified by previous studies as correlated in the cross-section with firm leverage in the United States are similarly correlated in other countries as well. However, a deeper examination of the U.S. and foreign evidence suggests that the theoretical underpinnings of the observed correlations are still largely unresolved. |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
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