A Framework for Identifying Global Growth Opportunities

1995 ◽  
Vol 4 (3) ◽  
pp. 17-24
Author(s):  
Lawrence S. Speidell
Author(s):  
Francesca Barbiero ◽  
Philipp-Bastian Brutscher ◽  
Atanas Kolev ◽  
Alexander Popov ◽  
Marcin Wolski

Using a pan-European, firm-bank matched data set, we find weak evidence of investment misallocation in Europe. Firms with higher debt overhangs invest significantly less, in particular in sectors that are facing good global growth opportunities. We also find that firms with higher debt overhangs are more likely to invest if they borrow from undercapitalized banks, and this effect is particularly strong in industries facing good global growth opportunities, suggesting a misallocation of investment associated with ‘zombie lending’. Our results are consistent with theories of investment misallocation due to agency problems at firms and at banks.


2016 ◽  
Vol 32 (3) ◽  
pp. 410-430 ◽  
Author(s):  
Debora Revoltella ◽  
Philipp-Bastian Brutscher ◽  
Alexandra Tsiotras ◽  
Christoph T. Weiss

2004 ◽  
Author(s):  
Geert Bekaert ◽  
Campbell Harvey ◽  
Christian Lundblad ◽  
Stephan Siegel

Author(s):  
Geert Bekaert ◽  
Campbell R. Harvey ◽  
Christian T. Lundblad ◽  
Stephan Siegel

2013 ◽  
Vol 120 (1) ◽  
pp. 123-125 ◽  
Author(s):  
Simone Manganelli ◽  
Alexander Popov

2007 ◽  
Vol 62 (3) ◽  
pp. 1081-1137 ◽  
Author(s):  
GEERT BEKAERT ◽  
CAMPBELL R. HARVEY ◽  
CHRISTIAN LUNDBLAD ◽  
STEPHAN SIEGEL

2020 ◽  
Vol 120 ◽  
pp. 105950
Author(s):  
Francesca Barbiero ◽  
Alexander Popov ◽  
Marcin Wolski

Author(s):  
Nur Hajja Aini ◽  
St Habibah

The purpose of this research to analyze the influence of firm size, liquidity, growth opportunities, tangibility asset, and business risk to the capital structure of listed food and beverage manufacturing companies in Indonesia and Vietnam Stock Exchange from 2010 to 2016. The result shows that the fixed effects model should be appropriate for this study as compared to the random effect model. Capital structure significantly differences between the two countries. Firm size has a positive but insignificant influence on the capital structure in Indonesia, whereas it has a positive and a significant influence on the capital structure in Vietnam. Liquidity has a negative and significant influence on the capital structure both in Indonesia and Vietnam. Growth opportunities have a negative but insignificant influence on the capital structure both in Indonesia and Vietnam. Asset tangibility has a positive but insignificant influence on the capital structure in Indonesia, but it has the negative but insignificant influence on the capital structure in Vietnam. Ultimately, the business risk has a negative and significant influence on the capital structure in Indonesia but has a positive and insignificant influence on the capital structure in Vietnam.


2017 ◽  
Vol 03 (07) ◽  
pp. 499-504
Author(s):  
Luis Gallardo ◽  
María Cervantes ◽  
Gerardo Rodríguez

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