Articles liés à Financial Conservatism, Capital Structure & their...

Financial Conservatism, Capital Structure & their impact on Firm Value: A Comparison between UK and Italian firms - Couverture souple

Chakravorty, Debjyoti

 
9783659945151: Financial Conservatism, Capital Structure & their impact on Firm Value: A Comparison between UK and Italian firms
Couverture souple
ISBN 10 : 3659945153 ISBN 13 : 9783659945151
Editeur : LAP LAMBERT Academic Publishing, 2016

Synopsis

This book differentiates financially conservative firms from non-conservative firms and investigates how financially conservative and capital structure policies affect their firm values. A firm is said to be financially conservative if it has high cash holdings as a protection against future financial constraints. Using two samples of UK and Italian firms from 1995 to 2013, I have provided evidence that financially conservative firms, even though are cash rich and / or have low levels of debt, do not have the highest firm values due to the effects of tax shield associated with interest on debt. A detailed comparison has been made between active UK and Italian firms to illustrate this.

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Présentation de l'éditeur

This book differentiates financially conservative firms from non-conservative firms and investigates how financially conservative and capital structure policies affect their firm values. A firm is said to be financially conservative if it has high cash holdings as a protection against future financial constraints. Using two samples of UK and Italian firms from 1995 to 2013, I have provided evidence that financially conservative firms, even though are cash rich and / or have low levels of debt, do not have the highest firm values due to the effects of tax shield associated with interest on debt. A detailed comparison has been made between active UK and Italian firms to illustrate this.

Biographie de l'auteur

Debjyoti Chakravorty graduated from St Xavier's College, Kolkata with Accountancy Honours in 2012 and later obtained M.Sc degree with Distinction in Banking & Finance from Queen Mary, University of London in 2014. He is currently working with Deloitte Touche Tohmatsu India LLP in Strategy & Operations - Finance Transformation Consulting practice.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2016
Langue
anglais
ISBN 10 
3659945153
ISBN 13 
9783659945151
Reliure
Broché
Nombre de pages
52
Coordonnées du fabricant
non disponible
Personne responsable
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