The Impact of Firm Specific Characteristics on The Relation Between Financial Distress And Capital Structure Decisions

Abdioğlu, Nida

doi:10.20491/isarder.2019.655

Cited by 10 publications

(15 citation statements)

References 31 publications

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“…This evidence also supports the researchsers like Rampini and Viswanath (2020), Joshi (2018) and Lee et al (2011) who pointed towards the moderating role of collaterals. Abdioğlu (2019) confirmed that same results in Turkish firms.…”

Section: Sensitivity Analysis With Feasible Generalized Least Squares...supporting

confidence: 86%

Does Firm Growth Impede or Expedite Insolvency Risk? A Mediated Moderation Model of Leverage Maturity and Potential Fixed Collaterals

Wen¹,

Salameh²,

Hussain³

et al. 2022

Front. Environ. Sci.

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Business sustainability is compromised with an increase in insolvency risk. Firm growth is desirable, but it brings an associated bundle of high risks. We decomposed firm growth into internal and external growth and studied its impact on insolvency risk using a panel data set of 284 listed non-financial firms in Pakistan from 2013 to 2017. This study used the hierarchical multiple regression approach through panel corrected standard error (PCSE) and feasible generalized least squares estimators to test the proposed relationships. The results reveal that the leverage maturity ratio mediated the relationship between firm growth and insolvency risk. Moreover, we also collected fresh evidence on the moderating role of potential fixed collaterals that negatively moderated the relationship between leverage maturity and insolvency risk. It points toward the accumulation of non-productive fixed assets that create a burden for firms instead of helping them avail of favorable loan opportunities. The findings of this research suggests that fund managers should use more long term debt to tackle insolvency risk in highly volatile markets. Inclusion of assets that serve as better collaterals should be made part of the asset structure.

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Section: Sensitivity Analysis With Feasible Generalized Least Squares...supporting

confidence: 86%

Does Firm Growth Impede or Expedite Insolvency Risk? A Mediated Moderation Model of Leverage Maturity and Potential Fixed Collaterals

Wen¹,

Salameh²,

Hussain³

et al. 2022

Front. Environ. Sci.

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“…Following Abdioğlu (2019), the third multiple regression model is developed in order to examine the H 4 hypothesis concerned with the moderating effect of firm size on the association between FD and EM:…”

Section: Research Modelsmentioning

confidence: 99%

The Moderating Role of Firm Size on the Relationship between Financial Distress and Earnings Management

ElRabat

Abdel-Fattah²,

Mohamed³

2023

The Academic Journal of Contemporary Commercial Research

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This research aims to examine the moderating role of firm size on the relationship between Financial Distress (FD) and Earnings Management (EM). In this research, a sample of 101 Egyptian firms listed in the Egyptian stock Exchange is used for a period of six years from 2014 to 2019. The results revealed that there is a significant positive relationship between FD and EM. Moreover, it is found that there is a significant negative relationship between firm size and EM. Additionally, there is a significant positive relationship between firm size and FD. Finally, the results indicated that the firm size moderates the relationship between FD and EM, implying that firm size reduces the negative impact of Z-score on EM. Thus, government, public investors, shareholders, banks, insurance companies and creditors should consider firm size while assessing the relationship between FD and EM.

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“…The OPDA funded infrastructure projects for the railways, telegraph, and telephone lines, while also speeding up the commercialisation of the Ottoman economy. 55 Critically, the OPDA gave good credit standing with the creditors of Europe and allowed for additional loans to keep the Empire alive. While this state of financial affairs kept the economy from crashing further, it did put the economic, and in turn, the political situation in a state of dependence.…”

Section: The Crumbling Of the Old Ordermentioning

confidence: 99%

An Analysis of the Effect of the 1878 Berlin Treaty on Diplomatic Policy Making

OZKAN>¹

2023

jses

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Politically, the Balkan region was split into multiple new entities such as Serbia, Bulgaria and Romania after the Russo-Turkish War 1877-1878. The Ottoman Empire lost the majority of its territory in Europe and the Balkans became an influential competitor among the Great Powers of Europe. The ambitions and interests of these Great Powers, the consequences of a declining Ottoman influence and the interests of the newly formed Balkan nations are the key components of analysing this competition. These components feed into the Berlin Treaty's influence in laying the foundations of the Balkan Wars in the 1910's and how the meddling of Great Powers caused underlying territorial and ideological tensions to escalate into warfare on 3 occasions, eventually creating the "powder keg of Europe".

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The Impact of Firm Specific Characteristics on The Relation Between Financial Distress And Capital Structure Decisions

Cited by 10 publications

References 31 publications

Does Firm Growth Impede or Expedite Insolvency Risk? A Mediated Moderation Model of Leverage Maturity and Potential Fixed Collaterals

Does Firm Growth Impede or Expedite Insolvency Risk? A Mediated Moderation Model of Leverage Maturity and Potential Fixed Collaterals

The Moderating Role of Firm Size on the Relationship between Financial Distress and Earnings Management

An Analysis of the Effect of the 1878 Berlin Treaty on Diplomatic Policy Making

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