debt/equity choice
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debt/equity choice

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Published by Ballinger Pub. Co. in Cambridge, Mass .
Written in English


  • Corporations -- Finance,
  • Corporations -- Finance -- Decision making,
  • Saving and investment,
  • Saving and investment -- Decision making,
  • Stocks -- Prices

Book details:

Edition Notes

StatementRonald W. Masulis.
SeriesThe Institutional investor series in finance, The Financial Management Association survey and synthesis series, Financial Management Association survey and synthesis series.
LC ClassificationsHG4011 .M28 1988
The Physical Object
Paginationxi, 141 p. ;
Number of Pages141
ID Numbers
Open LibraryOL2045216M
ISBN 100887303609, 0887303684
LC Control Number88022214

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Market Timing and the Debt-Equity Choice. William B. Elliott 1*, Johanna Koëter-Kant2, and Richard S. Warr 3 1 College of Business Administration, Oklahoma State University, Stillwater, OK 2 Faculty of Economics and Business Administration, Vrije Universiteit, Amsterdam, The Netherlands 3 College of Management, North Carolina State University, Raleigh, NC Additional Physical Format: Online version: Masulis, Ronald W. Debt/equity choice. Cambridge, Mass.: Ballinger Pub. Co., © (OCoLC) Document Type. Additional Physical Format: Print version: Masulis, Ronald W. Debt/equity choice. Cambridge, Mass.: Ballinger Pub. Co., © (DLC) (OCoLC)   The Debt-Equity Choice - Volume 36 Issue 1 - Armen Hovakimian, Tim Opler, Sheridan Titman.

equity choice for U.K. companies and finds that firms that have a debt/assets ratio below the average of the last 10 years are more likely to issue debt. Jalilvand and Harris () show that U.S.   We can see above that GM's debt-to-equity ratio of , compared to Ford's , is not as high as it was when compared to Apple's debt-to-equity ratio.    Debt/Equity = $ 1 million + $ 5 0 0, 0 0 0 $ 1. 2 5 million = 1. 2 5 \begin{aligned} &\text{Debt/Equity} = \frac{ \$1 \text{ million} + \$, }{ \$ \text{ million} } = \\ \end. between debt-equity choice s and year-ahead stock return s. defined as the book val ue of equity as of the fiscal year end that occurs i n calendar year t – 1 scaled by the.

interest payment corresponds very closely to the target market debt-equity choice of After computing I for each debt level choice, we can use (11) and com pute γ L for each choice. For. Moreover, equity issuers earn lower returns than debt issuers at subsequent earnings announcements. Controlling for research and development (R&D) investment, we find that, consistent with the market timing hypothesis and inconsistent with the extant empirical literature, the debt-equity composition of external financing predicts year-ahead. Current and historical debt to equity ratio values for Choice Hotels (CHH) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Choice Hotels debt/equity for the three months ending Septem was   The book ratio uses the book value of the debt and the book value of the equity and the market ratio usees the market value of the debt amd market value of the equity. Of thos the big difference is between the market value of the equity and the book value of the equity. The book value of the equity is just an accounting balancing by taking the.