Ebook101 pages1 hour
Capital Structure and Profitability: S&P 500 Enterprises in the Light of the 2008 Financial Crisis
Rating: 0 out of 5 stars
()
About this ebook
The present study aims to investigate to what extent capital structure has an impact on profitability and closely associated factors due to a series of bankruptcies and bail-outs within the last twelve months. The analysis refers to firms listed in the S&P 500 index on January 2004 and evaluates their performance from 2004 to 2008. The results show strong industry-specific characteristics for all factors observed, i.e. gearing, profitability, liquidity, investments and dividends. In addition, findings indicate a negative effect of higher gearing for almost all ten sectors in respect of the core variables analysed. Neither the trade-off nor the pecking order theory can be confirmed, however, more support for the former is found. Due to the complexity of capital structure choice, regulations have very limited effects that require the need for independent non-governmental monitoring agencies to improve transparency and have the authority to intervene if managers act at the expense of public interest.
Related to Capital Structure and Profitability
Related ebooks
Financing patterns of European Buy-Outs Rating: 0 out of 5 stars0 ratingsBehind the Curve: An Analysis of the Investment Behavior of Private Equity Funds Rating: 0 out of 5 stars0 ratingsPrivate Firm Valuation and M&A: Calculating Value and Estimating Discounts in the New Market Environment Rating: 0 out of 5 stars0 ratingsBlue Ocean Strategy for small and mid-sized companies in Germany: Development of a consulting approach Rating: 0 out of 5 stars0 ratingsPIPE Investments of Private Equity Funds: The temptation of public equity investments to private equity firms Rating: 0 out of 5 stars0 ratingsPrivate Equity Unchained: Strategy Insights for the Institutional Investor Rating: 0 out of 5 stars0 ratingsCritical Financial Review: Understanding Corporate Financial Information Rating: 0 out of 5 stars0 ratingsEnterprise value The Ultimate Step-By-Step Guide Rating: 0 out of 5 stars0 ratingsQuantitative Analytics in Debt Valuation & Management Rating: 0 out of 5 stars0 ratingsThe Value Killers: How Mergers and Acquisitions Cost Companies Billions—And How to Prevent It Rating: 0 out of 5 stars0 ratingsThe Financial Advisor M&A Guidebook: Best Practices, Tools, and Resources for Technology Integration and Beyond Rating: 0 out of 5 stars0 ratingsWriting Securities Research: A Best Practice Guide Rating: 0 out of 5 stars0 ratingsFinancial Fine Print: Uncovering a Company's True Value Rating: 3 out of 5 stars3/5Merger Arbitrage: A Fundamental Approach to Event-Driven Investing Rating: 5 out of 5 stars5/5Valuation for M&A: Building and Measuring Private Company Value Rating: 0 out of 5 stars0 ratingsSelling Your Company: The Business Owner’S Guide to the Process of Selling a Company and Redeeming the Full Value Rating: 0 out of 5 stars0 ratingsJ-Curve Exposure: Managing a Portfolio of Venture Capital and Private Equity Funds Rating: 4 out of 5 stars4/5Financial Risk Modelling and Portfolio Optimization with R Rating: 4 out of 5 stars4/5Summary of Joshua Rosenbaum & Joshua Pearl's Investment Banking Rating: 0 out of 5 stars0 ratingsCorporate Mergers And Acquisitions A Complete Guide - 2020 Edition Rating: 0 out of 5 stars0 ratingsMaterial Adverse Change: Lessons from Failed M&As Rating: 0 out of 5 stars0 ratingsComplexity, Risk, and Financial Markets Rating: 0 out of 5 stars0 ratingsFinancial Institutions, Valuations, Mergers, and Acquisitions: The Fair Value Approach Rating: 0 out of 5 stars0 ratingsMergers and Acquisitions: A Global Tax Guide Rating: 0 out of 5 stars0 ratingsBusiness Valuation and Bankruptcy Rating: 0 out of 5 stars0 ratingsDue Diligence Process A Complete Guide - 2019 Edition Rating: 0 out of 5 stars0 ratingsCreative Cash Flow Reporting: Uncovering Sustainable Financial Performance Rating: 4 out of 5 stars4/5Wall Street Research: Past, Present, and Future Rating: 3 out of 5 stars3/5
Business For You
Emotional Intelligence: Exploring the Most Powerful Intelligence Ever Discovered Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5Lying Rating: 4 out of 5 stars4/5Grant Writing For Dummies Rating: 5 out of 5 stars5/5The Book of Beautiful Questions: The Powerful Questions That Will Help You Decide, Create, Connect, and Lead Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Robert's Rules Of Order Rating: 5 out of 5 stars5/5Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate, and Tax Words Rating: 4 out of 5 stars4/5Good to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/5How to Get Ideas Rating: 5 out of 5 stars5/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Crucial Conversations Tools for Talking When Stakes Are High, Second Edition Rating: 4 out of 5 stars4/5Collaborating with the Enemy: How to Work with People You Don’t Agree with or Like or Trust Rating: 4 out of 5 stars4/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5High Conflict: Why We Get Trapped and How We Get Out Rating: 4 out of 5 stars4/5Ask for More: 10 Questions to Negotiate Anything Rating: 4 out of 5 stars4/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5Summary of Eve Rodsky's Fair Play Rating: 2 out of 5 stars2/5Capitalism and Freedom Rating: 4 out of 5 stars4/5The Catalyst: How to Change Anyone's Mind Rating: 4 out of 5 stars4/5
Reviews for Capital Structure and Profitability
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Capital Structure and Profitability - Elmar Puntaier
Enjoying the preview?
Page 1 of 1