Coverart for item
The Resource Capital Structure and Profitability : S&P 500 Enterprises in the Light of the 2008 Financial Crisis

Capital Structure and Profitability : S&P 500 Enterprises in the Light of the 2008 Financial Crisis

Label
Capital Structure and Profitability : S&P 500 Enterprises in the Light of the 2008 Financial Crisis
Title
Capital Structure and Profitability
Title remainder
S&P 500 Enterprises in the Light of the 2008 Financial Crisis
Creator
Contributor
Subject
Genre
Language
eng
Summary
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
Cataloging source
MiAaPQ
LC call number
HG4910 -- .P86 2010eb
Literary form
non fiction
Nature of contents
dictionaries
Label
Capital Structure and Profitability : S&P 500 Enterprises in the Light of the 2008 Financial Crisis
Link
http://ebookcentral.proquest.com/lib/multco/detail.action?docID=595331
Instantiates
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Capital Structure and Profitability -- Contents List -- Abbreviations -- 1 Introduction -- 1.1 General Definition and Justification of Issues and Objectives -- 1.2 Research Questions and Methodology -- 1.3 Overview and Organisation of Chapters -- 2 Existing Theories and their Predictions -- 2.1 Existing Theories -- 2.1.1 The Trade-Off Theory -- 2.1.2 The Pecking Order Theory -- 2.2 Predictions of Existing Theories -- 2.2.1 Capital Structure and Industry -- 2.2.2 Capital Structure and Profitability -- 2.2.3 Capital Structure and Liquidity -- 2.2.4 Capital Structure, R&D and Tangible Assets -- 2.2.5 Capital Structure and Dividend Policy -- 2.3 A Final Comment -- 3 Methodology -- 3.1 Data Sampling -- 3.2 Data Collection -- 3.2.1 Missing Values and Adjustments -- 3.3 Variables and their Definitions -- 3.3.1 Leverage and Gearing -- 3.3.2 Profits and Return -- 3.4 Hypotheses and Hypotheses Testing -- 3.4.1 H1: Capital Structure and Industry -- 3.4.2 H2: Capital Structure and Profitability -- 3.4.3 H3, H4 and H5: Capital Structure, Liquidity, R&D and Dividend Policy -- 4 Findings and Analysis -- 4.1 H1: The Impact of Industry on Capital Structure and Associated Variables -- 4.2 H2: The Existence of a Correlation Between Leverage and ROCE -- 4.3 H3: The Existence of a Correlation Between Leverage and Liquidity -- 4.4 H4: The Existence of a Correlation Between Leverage and R&D -- 4.5 H5: The Existence of a Correlation Between Leverage and Dividends -- 5 Conclusions -- 5.1 Capital Structure -- 5.2 Profitability -- 5.3 Liquidity -- 5.4 Investments -- 5.5 Dividends -- 6 Recommendations -- 7 Reflections -- 7.1 Objectives -- 7.2 Strengths -- 7.3 Weaknesses and Limitations -- Bibliography -- Appendix -- Autorenprofil
Control code
EBC595331
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (126 pages)
Form of item
online
Isbn
9783836645478
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC595331
  • (Au-PeEL)EBL595331
  • (CaPaEBR)ebr10489561
  • (OCoLC)679423754
Label
Capital Structure and Profitability : S&P 500 Enterprises in the Light of the 2008 Financial Crisis
Link
http://ebookcentral.proquest.com/lib/multco/detail.action?docID=595331
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Capital Structure and Profitability -- Contents List -- Abbreviations -- 1 Introduction -- 1.1 General Definition and Justification of Issues and Objectives -- 1.2 Research Questions and Methodology -- 1.3 Overview and Organisation of Chapters -- 2 Existing Theories and their Predictions -- 2.1 Existing Theories -- 2.1.1 The Trade-Off Theory -- 2.1.2 The Pecking Order Theory -- 2.2 Predictions of Existing Theories -- 2.2.1 Capital Structure and Industry -- 2.2.2 Capital Structure and Profitability -- 2.2.3 Capital Structure and Liquidity -- 2.2.4 Capital Structure, R&D and Tangible Assets -- 2.2.5 Capital Structure and Dividend Policy -- 2.3 A Final Comment -- 3 Methodology -- 3.1 Data Sampling -- 3.2 Data Collection -- 3.2.1 Missing Values and Adjustments -- 3.3 Variables and their Definitions -- 3.3.1 Leverage and Gearing -- 3.3.2 Profits and Return -- 3.4 Hypotheses and Hypotheses Testing -- 3.4.1 H1: Capital Structure and Industry -- 3.4.2 H2: Capital Structure and Profitability -- 3.4.3 H3, H4 and H5: Capital Structure, Liquidity, R&D and Dividend Policy -- 4 Findings and Analysis -- 4.1 H1: The Impact of Industry on Capital Structure and Associated Variables -- 4.2 H2: The Existence of a Correlation Between Leverage and ROCE -- 4.3 H3: The Existence of a Correlation Between Leverage and Liquidity -- 4.4 H4: The Existence of a Correlation Between Leverage and R&D -- 4.5 H5: The Existence of a Correlation Between Leverage and Dividends -- 5 Conclusions -- 5.1 Capital Structure -- 5.2 Profitability -- 5.3 Liquidity -- 5.4 Investments -- 5.5 Dividends -- 6 Recommendations -- 7 Reflections -- 7.1 Objectives -- 7.2 Strengths -- 7.3 Weaknesses and Limitations -- Bibliography -- Appendix -- Autorenprofil
Control code
EBC595331
Dimensions
unknown
Edition
1st ed.
Extent
1 online resource (126 pages)
Form of item
online
Isbn
9783836645478
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Sound
unknown sound
Specific material designation
remote
System control number
  • (MiAaPQ)EBC595331
  • (Au-PeEL)EBL595331
  • (CaPaEBR)ebr10489561
  • (OCoLC)679423754

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