scholarly journals Model of creating value in business acquisition transactions with borrowed funds

KANT ◽  
2021 ◽  
Vol 38 (1) ◽  
pp. 6-10
Author(s):  
Ilya Andreevich Balakin
Keyword(s):  
Value Creation ◽  
Theoretical Basis ◽  
Financial Analysis ◽  
Debt Financing ◽  
Factors Affecting ◽  
Debt Capital ◽  
Indirect Sources

Based on the study of the works of domestic and foreign authors, the article presents a decompositional model of value creation when conducting business acquisition transactions with the involvement of debt capital (LBO), discloses the content of its main elements. Clarification of direct and indirect sources of value creation for debt financing transactions, as well as factors affecting their value, creates a theoretical basis for improving financial analysis and evaluating the effectiveness of LBO transactions, contributing to their development.

A Study on Tracking Accuracy of Netted Radar

2013 ◽  
Vol 385-386 ◽  
pp. 1249-1254
Author(s):  
Yan Li Zhao ◽  
Hua Bing Wang ◽  
Xiang Dong Gao ◽  
Yuan Zheng Chen ◽  
Zhou Jie Yan
Keyword(s):  
Lower Bound ◽  
Theoretical Basis ◽  
Nonlinear Filtering ◽  
Tracking Accuracy ◽  
Location Accuracy ◽  
Factors Affecting ◽  
Calculation Process ◽  
Cramer Rao Lower Bound

The Cramer-Rao Lower Bound (CRLB) for the location accuracy of the netted radar is explored and the CRLB for the nonlinear filtering of a single radar is derived. The calculation process of the CRLB for the location accuracy of the netted radar is given by combining the above results. Simulation tests for the location and tracking accuracy of the netted radar under different conditions are conducted and several factors affecting the tracking accuracy of the netted radar are analyzed. The theoretical achievement derived in this paper can be used as a key theoretical basis for the evaluation of the performance of the netted radar.

scholarly journals CORPORATE FINANCING BEHAVIOUR OF SHARIAH COMPLIANT E50 SMEs. A PANEL DATA APPROACH OF GMM.

2016 ◽  
Vol 1 (1) ◽  
pp. 66 ◽  
Author(s):  
Razali Haron
Keyword(s):  
Dynamic Model ◽  
Debt Financing ◽  
Advisory Council ◽  
Adjustment Cost ◽  
Method Of Moment ◽  
Partial Adjustment ◽  
Factors Affecting ◽  
Tangible Assets ◽  
Set Up ◽  
Generalized Method Of Moment

Motivated by the recent outstanding growth of Islamic Finance in Malaysia, this study aims to investigate the debt financing behaviour of Shariah compliant E50 SMEs in Malaysia covering the existence of target debt, speed of adjustment and factors affecting the adjustment speed to target debt from 2009 to 2013. The Shariah Advisory Council (SAC), has set up certain standard of parameters as guidelines and carried out periodical monitoring in classifying Shariah compliant securities like the prohibition of activities that involve interest (riba), gambling (maisir), uncertainties and speculative trading (gharar). The dynamic model employed and estimated using the Generalized Method of Moment (GMM). Under the dynamic model, the observed debt of a firm should be equal to its optimal debt. However, with the presence of adjustment cost, a firm performs only a partial adjustment to be at the target debt. The model revealed certain determinants significantly influence target debt financing. The positive relationship between tangibility and capital structure yielded in this study enhances Shariah imposition that debt must be asset-backed which means a firm operating under Islamic principles cannot have debt exceeding the tangible assets. This study contributes to the literature and fills the gap by exploring into a relatively new area of debt financing which is the dynamic aspects and also help to enhance the understanding on debt financing behaviour of Shariah compliant SMEs in Malaysia.

scholarly journals Prilaku Pendanaan dan Resiko Kebijakan pada Perusahaan Kelautan di Bursa Efek Indonesia

2021 ◽  
Vol 15 (2) ◽  
pp. 89-103
Author(s):  
Asmaul Husna ◽  
Myrna Sofia
Keyword(s):  
Stock Exchange ◽  
Random Effect ◽  
Estimation Method ◽  
Debt Financing ◽  
Policy Uncertainty ◽  
Sales Growth ◽  
Debt Capital ◽  
Capital Financing ◽  
Independent Variable ◽  
Effect Method

This study aims to determine the risk of policies, company-specific characteristics that have an impact on the behavior of marine company financing in Indonesia. Samples were obtained using purposive sampling and obtained 16 samples of Marine companies that were Listed on the Indonesia Stock Exchange in the 2015-2018 Period. The data in this study were processed using the Stata 14.0 application. And the estimation method in this research is to use the random effect method. The results of this study for the independent variable risk policy consisting of EPU (economic policy uncertainty) and GPR (political risk) do not affect all types of funding, both debt, capital and actual financing. While the independent variable IOS has no significant effect on the three types of financing used, and cash flow variable has a significant effect on debt financing and actual financing while capital financing does not. Sales growth has a significant effect on the type of debt financing at alpha 5%, while actual financing has a significant effect on alpha 10% and has no effect on capital financing.

Factors Affecting Third Mission Implementation and The Challenges for Vietnam’s Universities in The Transitioning Period

2020 ◽  
Vol 36 (3) ◽  
Author(s):  
Toan Van Dinh
Keyword(s):  
Quality Assessment ◽  
Theoretical Basis ◽  
Theoretical Study ◽  
Entrepreneurial University ◽  
Educational Quality ◽  
Institutional Factors ◽  
Third Mission ◽  
Leadership Positions ◽  
Factors Affecting ◽  
Depth Interview

This article focuses on clarifying theoretical basis and practice on institutional factors that affect universities’ third mission implementation and their transition into the entrepreneurial university model. The article presents results of surveys were conducted via analysis of educational quality assessment reports (period of 2014-2019) and in-depth interview of persons in leadership positions from ten universities in 2019. Based on the results of theoretical study, surveys and analysis, the article identifies the main challenges for Vietnam universities in the transitioning period

Problems of improving financial methods and models of sustainable development of the company

2018 ◽  
Author(s):  
Алексей Макаров ◽  
Alexey Makarov ◽  
Елена Рябова ◽  
Elena Ryabova ◽  
Ирина Хвостова ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Graduate Students ◽  
Capital Structure ◽  
Management System ◽  
Theoretical Basis ◽  
Financial Analysis ◽  
Empirical Models ◽  
Financial Policy ◽  
Credit Management ◽  
Wide Range

The complex of questions of the theory, methodology and practice of formation of financial policy of firm in the conditions connected with ensuring its sustainable development is systematized. The interpretation of a number of concepts, the use of which as a theoretical basis allows to determine the composition of actual scientific and practical problems of improving the methods of financial analysis of sustainable development of the company. Generalization of the content of empirical models of analysis of sustainable development and efficiency of the company, as well as the results of their application in the analysis of factors of formation of financial policy of a modern company allow to formulate recommendations for improving the policy of payments to owners and capital structure in the management system of sustainable development of a modern company. The monograph is intended for a wide range of readers, including researchers, practitioners, graduate students, applicants and students enrolled in the areas of "Economics", "Finance and credit". «Management.»

Theoretical Analysis of First Sealing of Elliptical Can

2011 ◽  
Vol 101-102 ◽  
pp. 1082-1086
Author(s):  
Guang Wen Zhang ◽  
Xiao Guo Cheng
Keyword(s):  
Theoretical Analysis ◽  
Energy Conservation ◽  
Theoretical Basis ◽  
Factors Affecting ◽  
Design And Optimization

The force generated in and required for the sealing process of the first seal of elliptical cans was analyzed based on the energy conservation theory, corresponding formulas describing the sealing-force were derived, and the factors affecting the sealing-force were discussed. This provides a theoretical basis for the design and optimization of the roller curve as well as for further study and calculation of forces in the sealing process of various abnormally shaped cans.

scholarly journals Research on the Processing Method of Acoustic Focusing Cavities Based on the Temperature Gradient

2021 ◽  
Vol 11 (12) ◽  
pp. 5737
Author(s):  
Liqun Wu ◽  
Yafei Fan ◽  
Hongcheng Wang ◽  
Linan Zhang ◽  
Yizheng Sheng ◽  
...  
Keyword(s):  
Temperature Gradient ◽  
Theoretical Basis ◽  
Acoustic Pressure ◽  
High Energy ◽  
Processing Method ◽  
Key Factors ◽  
Factors Affecting ◽  
Focusing Effect ◽  
Acoustic Focusing ◽  
Transmission And Reflection

Aiming at the key factors affecting the quality and efficiency of high-energy in-beam machining, this paper studies the broadband acoustic focusing effect based on a discrete temperature gradient. Firstly, the basic theory and mathematical model of temperature-controlled acoustic focusing are established. Secondly, the acoustic focusing effect is achieved by combining the design of metasurfaces and discrete temperature. Then, the acoustic pressure and intensity distribution of acoustic focusing under a discrete temperature gradient are simulated and experimentally studied. The results show that the phase delay of transmission and reflection of acoustic wave covers the 2π interval by changing the temperature in different transmission units, which provides a theoretical basis for the processing of the acoustic focusing cavity.

Does Local Capital Supply Matter for Public Firms’ Capital Structures?

2020 ◽  
pp. 1-35
Author(s):  
Binay K. Adhikari ◽  
David C. Cicero ◽  
Johan Sulaeman
Keyword(s):  
Debt Financing ◽  
Bond Markets ◽  
Public Firms ◽  
Listed Firms ◽  
Banking Deregulation ◽  
Exogenous Shocks ◽  
Interstate Banking ◽  
Debt Capital ◽  
Local Supply ◽  
Crisis Support

Abstract Publicly listed firms respond to capital supply conditions shaped by local investing preferences. Public firms headquartered in areas with higher proportions of senior citizens and women use more debt financing. These demographics are associated with conservative investing, leading to a higher and more stable local supply of debt capital. The demographics–leverage relation is more pronounced for firms that cannot easily tap public bond markets, which is the majority of public firms. Changes in firms’ financing activities around exogenous shocks to credit supplies, including interstate banking deregulation and the 2008–2009 financial crisis, support the local capital supply hypothesis.

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