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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18528| Title: | The Effects of Short-Term Liabilities on Profitability: The Case of Germany |
| Keywords: | G32 G30 ddc:330 profitability short-term liabilities maturity structure capital structure Verbindlichkeiten Laufzeit Rentabilität Kapitalstruktur Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18528 |
| Other Identifiers: | http://hdl.handle.net/10419/18528 ppn:519886127 |
| Appears in Collections: | EconStor |
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