| dc.creator |
Baum, Christopher F. |
|
| dc.creator |
Schäfer, Dorothea |
|
| dc.creator |
Talavera, Oleksandr |
|
| dc.date |
2006 |
|
| dc.date.accessioned |
2013-10-16T07:00:26Z |
|
| dc.date.available |
2013-10-16T07:00:26Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/18528 |
|
| dc.identifier |
ppn:519886127 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/18528 |
|
| dc.description |
Using data from Germany this paper examines the direct effect of non-financial firms' use of short-term versus long-term liabilities. We develop a structural model of a firm's value maximization problem that predicts that profitability of the firm will change if firms alter their use of short-term versus long-term liabilities. We find that firms that rely more heavily on short-term liabilities are likely to be more profitable. |
|
| dc.language |
eng |
|
| dc.publisher |
Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
|
| dc.relation |
DIW-Diskussionspapiere 635 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
G32 |
|
| dc.subject |
G30 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
profitability |
|
| dc.subject |
short-term liabilities |
|
| dc.subject |
maturity structure |
|
| dc.subject |
capital structure |
|
| dc.subject |
Verbindlichkeiten |
|
| dc.subject |
Laufzeit |
|
| dc.subject |
Rentabilität |
|
| dc.subject |
Kapitalstruktur |
|
| dc.subject |
Deutschland |
|
| dc.title |
The Effects of Short-Term Liabilities on Profitability: The Case of Germany |
|
| dc.type |
doc-type:workingPaper |
|
| dc.coverage |
1988-2000 |
|