[PDF] Top 20 Firm Maturity and the Pecking Order Theory

... that the probability of being a mature firm is highly correlated with the probability of having publicly rated ...debt. The latter is used as a proxy for debt capacity in Lemmon and ... See full document

... Modigliani and Miller (1958) proposed that the firm value was not affected by capital structure, many domestic and external scholars are in progressing empirical research in the light ... See full document

... shows the summary statistics of the firm data. During the sample period, the average amount of the financing deficits is New Taiwan ...Among the different components of ... See full document

... Agency Theory, Free Cash Flow Hypothesis, Free Cash Flows, Agency Costs, Firm Performance ...Introduction The main purpose of business administration and finan- cial management is to pursue ... See full document

... This paper uses the simultaneous equation model to investigate the cause-effect relationship among independent directors, related party transactions and firm value.. The data consists of[r] ... See full document

... Noles : The dependent variable is the finn-level debt ratio DR which is calculated by the debt book value divided by the total asset market value, and the independent variables are: the [r] ... See full document

... 立上具有同一視野。Ames（1981）從有機體與整體（organistic and holistic）的 觀點論述道的意涵，道總是包含對立雙方，而各部分之間的存在，又具有互為條 件、互為決定、互為定義的現象。而老子論「聖人」乃是有貴道／尊德及容納／ 超越二元對立的和諧典範（沈清松，1980；劉笑敢，2006；Ames, 1981）。人與 萬物的分殊相異，以及在更高層次的合一容納，聖人對此深刻的關注及尊重，均 ... See full document

... of the reforms are related to the releasing in personnel matters, asset management and allocation of ...phases, the government actually controls the management of the ... See full document

... Additionally , the study uses the averages for these 3 years to measure the firm's pre-succession performance in the focal strategic dimensions of persistence prev[r] ... See full document

... plate theory and on first-order shear deformation plate theory reveals that different singularity orders for moments and shear forces are suggested by different plate ...for the ... See full document

... at the heart of numerous integration strategies, which are becoming more and more horizontally driven, ...concerning the “marriages” of large laboratories. How can the strategic movements of ... See full document

... to the statistics from securities exchange, we find that According to the statistics from securities exchange, we find that collateralized share of board of directors is pretty popular in ... See full document

... volatility, the perpetual Merton option has a critical threshold that is determined 5 by a yield criterion K ¼ ...with the analysis of critical dividend yield   for zero ...reached, the yield rate ... See full document

... INTRODUCTION The physics of b hadrons is an important and active field of research, both experimentally and ...in the standard model (SM) and its possible extension. The ongoing ... See full document

... In the context of Lo’s high-order plate theory, the present work applies the eigenfunction expansion approach to investigating the Williams-type stress singularities at ... See full document

... on the domain of the original function ...memorize the correct transformations without ...perspectives and offer very few explanations that facilitate deeper ... See full document

... However, the reverse is observed in Z = 0 category of PSM as Tobin’s q appears to be insignificant for all research ...OLS and PSM results are concluded to be significantly different from each ...to ... See full document

... in the sense that investors holding these securities receive a zero expected rate of ...Third, the entrepreneur can raise funds from stock loan ...name, and pledge his shares of the ... See full document

... plate theory. Classical thin plate theory generally yields accurate solutions for plates with thicknesses less than 1/20 of the smallest in-plane dimen- ...important and are investigated ...of ... See full document

... In the current phase of globalization and market liberalization, competitions among biopharmaceutical firms are ...companies, the local pharmaceutical firms should find out the niche market in ... See full document