Since the publication of Durand's work (1952) and Modigliani and Miller (1958) that generated the debate about the companies' capital structures
, where many empirical studies have been dedicating in the verification of a great capital structure
Academically it adds to the already limited empirical studies on capital structures
involving panel data models.
Different cultures and social norms prefer different capital structures
Typically, data on capital structures
show, first-lien loans use 60 to 80 percent of a company's assets, including intangibles, as collateral; second-lien borrowings cover whatever remains.
Empirical evidence supporting the predicted positive relation between firms' capital structures
and their marginal tax rates is scarce.
The capital structures
of legally independent companies are thus interconnected via an aggregated capital structure
With respect to 1999, I believe that capital structures
will be akin to baking a cake, i.
Companies with complex capital structures
should present basic and diluted EPS for income from continuing operations and net income in the same way.
HPHC's capital structure
is one-third comprised of surplus notes, as compared to its peers, whose capital structures
do not contain contractual repayment provisions to external parties.
NEW YORK -- A new study examining the distribution of Fitch's Recovery Ratings in their first full year after launch has revealed that the most common driver of Recovery Rating changes has been changes in the amount of secured debt in issuer capital structures
, affecting in particular Recovery Ratings on senior unsecured bonds.
banks are expected to remain active capital managers and it is anticipated that hybrid capital will become more prevalent in the capital structures
of banks over time, said Fitch Ratings in its recently released 'U.
The need to wisely manage capital structures
is driving many hospitals and health systems to better balance their missions with their margins.