Konferenzbeitrag
Costless Capital Requirements
Arguments for costs of capital requirements in the long run are based on trade-off theories of capital structure. This paper provides a critical assessment of these theories by studying how the optimal capital structure can be modified, when a firm uses the financial markets to alter its cash flow distribution. I show that, for any initial set of assets, the implementation of a certain fund structure allows the firm to reduce its leverage and its bankruptcy probability without a loss of value.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Financial Regulation II ; No. B16-V2
- Klassifikation
-
Wirtschaft
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Corporate Finance and Governance: General
Financial Institutions and Services: Government Policy and Regulation
General Financial Markets: General (includes Measurement and Data)
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Flore, Raphael
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Kiel, Hamburg
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Flore, Raphael
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2017
Ähnliche Objekte (12)
Schumpeterian Banks: Credit Reallocation and Capital Requirements
Voluntary Equity, Project Risk, and Capital Requirements
Capital Requirements for Government Bonds - Implications for Financial Stability
Strategic Effects of Regulatory Capital Requirements in Imperfect Banking Competition
Accounting Changes and Enforcement of Bank Capital Requirements in a Crisis
Occupy Risk Weighting: How the Minimum Leverage Ratio dominates Capital Requirements - A Swiss Example
Requirements Engeneering in MIKE
Financial requirements for nationwide fibre access coverage
Material Requirements Planning under Phase-out Conditions
Supplier integration in industry 4.0 - requirements and strategies
Requirements for robots in combined passenger/freight transport
Overview of Requirements Engineering Process for Software Product Lines
Schumpeterian Banks: Credit Reallocation and Capital Requirements
Voluntary Equity, Project Risk, and Capital Requirements
Capital Requirements for Government Bonds - Implications for Financial Stability
Strategic Effects of Regulatory Capital Requirements in Imperfect Banking Competition
Accounting Changes and Enforcement of Bank Capital Requirements in a Crisis
Occupy Risk Weighting: How the Minimum Leverage Ratio dominates Capital Requirements - A Swiss Example
Requirements Engeneering in MIKE
Financial requirements for nationwide fibre access coverage
Material Requirements Planning under Phase-out Conditions
Supplier integration in industry 4.0 - requirements and strategies
Requirements for robots in combined passenger/freight transport
Overview of Requirements Engineering Process for Software Product Lines
Schumpeterian Banks: Credit Reallocation and Capital Requirements
Voluntary Equity, Project Risk, and Capital Requirements
Capital Requirements for Government Bonds - Implications for Financial Stability
Strategic Effects of Regulatory Capital Requirements in Imperfect Banking Competition
Accounting Changes and Enforcement of Bank Capital Requirements in a Crisis
Occupy Risk Weighting: How the Minimum Leverage Ratio dominates Capital Requirements - A Swiss Example
Requirements Engeneering in MIKE
Financial requirements for nationwide fibre access coverage
Material Requirements Planning under Phase-out Conditions
Supplier integration in industry 4.0 - requirements and strategies
Requirements for robots in combined passenger/freight transport