Journal ArticleDOI
The Impact of Corporate Strategy on Capital Structure: Evidence from Italian Listed Firms
TLDR
In this paper, the authors tried to reconcile the overall picture of the impact of strategic decisions on capital structure by estimating the effect brought about by the three strategies determined at the corporate level: internationalization, diversification and integration.About:
This article is published in The Quarterly Review of Economics and Finance.The article was published on 2020-05-01. It has received 29 citations till now. The article focuses on the topics: Capital structure & Diversification (marketing strategy).read more
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Ownership, organization, and private firms' efficient use of resources
Rodolphe Durand,Vicente Vargas +1 more
TL;DR: In this paper, the authors propose and test a 2 x 2 framework distinguishing owner-controlled vs. agent-led firms from firms with a flat vs. multilayer organization.
Journal ArticleDOI
Are you good enough? CSR, quality management and corporate financial performance in the hospitality industry
Stefano Franco,Matteo Giuliano Caroli,Francesco Cappa,Giacomo Del Chiappa,Giacomo Del Chiappa +4 more
TL;DR: In this article, the impact of CSR on CFP has a U-shaped form, where CSR is a cost that translates into higher benefits only when it generates solid relationships between firms and their stakeholders.
Journal ArticleDOI
Big Data for Creating and Capturing Value in the Digitalized Environment: Unpacking the Effects of Volume, Variety, and Veracity on Firm Performance*
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Abusive supervision and the knowledge worker productivity: the mediating role of knowledge management processes
TL;DR: The results showed that the relationship between abusive supervision and KM process is negative and highly significant, i.e. greater the abusive supervision in the banking sector, the lower is the engagement in KM processes.
References
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Journal ArticleDOI
Corporate financing and investment decisions when firms have information that investors do not have
TL;DR: In this paper, a firm that must issue common stock to raise cash to undertake a valuable investment opportunity is considered, and an equilibrium model of the issue-invest decision is developed under these assumptions.
Journal ArticleDOI
The Structure of Corporate Ownership: Causes and Consequences
Harold Demsetz,Kenneth Lehn +1 more
TL;DR: In this paper, the authors argue that the structure of corporate ownership varies systematically in ways that are consistent with value maximization, and they find no significant relationship between ownership concentration and accounting profit rates for a set of firms.
Journal ArticleDOI
Collinearity: a review of methods to deal with it and a simulation study evaluating their performance
Carsten F. Dormann,Jane Elith,Sven Bacher,Carsten M. Buchmann,Gudrun Carl,Gabriel Carré,Jaime Ricardo García Márquez,Bernd Gruber,Bruno Lafourcade,Pedro J. Leitão,Tamara Münkemüller,Colin J. McClean,Patrick E. Osborne,Björn Reineking,Boris Schröder,Andrew K. Skidmore,Damaris Zurell,Sven Lautenbach +17 more
TL;DR: It was found that methods specifically designed for collinearity, such as latent variable methods and tree based models, did not outperform the traditional GLM and threshold-based pre-selection and the value of GLM in combination with penalised methods and thresholds when omitted variables are considered in the final interpretation.
Posted Content
What Do We Know About Capital Structure? Some Evidence from International Data
Raghuram G. Rajan,Raghuram G. Rajan,Raghuram G. Rajan,Luigi Zingales,Luigi Zingales,Luigi Zingales +5 more
TL;DR: In this paper, the authors investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries and find that factors identified by previous studies as important in determining the cross-section of the capital structure in the U.S. affect firm leverage in other countries as well.
Journal ArticleDOI
The Determinants of Capital Structure Choice
TL;DR: In this paper, the explanatory power of some of the recent theories of optimal capital structure is analyzed empirically and a factor-analytic technique is used to mitigate the measurement problems encountered when working with proxy variables.