The Experts below are selected from a list of 38409 Experts worldwide ranked by ideXlab platform
James C Clingermayer - One of the best experts on this subject based on the ideXlab platform.
-
an intergenerational transfer model of state Debt Financing
Public Choice, 1991Co-Authors: James C ClingermayerAbstract:As federal budget deficits and the overall national Debt have risen in recent years, scholarly attention to the causes and consequences of federal inDebtedness has also increased. Much of that research has focused upon the intergenerational distributive effects of relying upon Debt as opposed to tax Financing. Considerably less attention has been directed toward Debt Financing by the American states, despite the fact that such borrowing has increased steadily over the last thirty years, though not with the dramatic suddenness that characterizes increases in federal borrowing (Regens and Lauth, 1988). This paper examines Debt Financing at the state level as a policy choice with important intergenerational consequences. The analysis assumes that Debt Financing is the result of political decisions based upon a calculation of the economic interests of different demographic groups within each state. Elected officials are believed to weigh those interests in the light of their states' electoral and legal environments. Borrowing from an argument by Alex Cukierman and Allan Meltzer, this paper examines the proposition that a state's long-term Debt Financing is likely to be sizeable (in absolute per capita terms and relative to tax revenues) when two conditions are met: (1) the state has a large elderly population and (2) recent economic growth trends indicate that future generations of state taxpayers may have an easier time paying off currently-incurred Debt than current taxpayers would have paying off government obligations on a pay-as-you-go basis. Under these conditions a large portion of a state's electorate is likely to be "bequest constrained," meaning that they are not willing to donate an inheritance of fully-financed government facilities and services to successive generations. Instead, they are willing to "borrow" from their heirs by forcing future taxpayers to pay the costs of current consumption of governmental benefits.
Nadeem Maqbool - One of the best experts on this subject based on the ideXlab platform.
-
Debt Financing Management The Modes of Debt Financing for Small and Medium-Sized Enterprises (SEMs) in Pakistan
iRASD Journal of Management, 2020Co-Authors: Waseem Ul Hameed, Hisham Bin Mohammad, Javed Iqbal, Shazma Razzaq, Nadeem MaqboolAbstract:Purpose – The basic purpose of this paper is to analyze the Debt Financing of small and medium-sized enterprises (SMEs) in Pakistan through different modes from conventional and non-conventional (Islamic) institutes. Design/Methodology/Approach – Data is publicly available on databases and websites about Debt Financing of small and medium-sized enterprises (SMEs) of Pakistan, thus data is collected from these databases and websites in the form of articles and handbooks about Pakistan. Findings – It is found from the analysis that a lot of Financing choices and modes are available for small and medium-sized enterprises (SMEs) in Pakistan. These modes are provided by both conventional and non-conventional (Islamic) financial institutes. All the Debt modes are discussed in the paper. In addition, there are some drawbacks of Debt Financing that arises from conventional and non-conventional (Islamic) financial institutes, which alleviate small and medium-sized enterprises (SMEs) from adopting these modes Research Limitations/Implications – Some financial institutes, especially banks, lack knowledge and information about small and medium-sized enterprises (SMEs) in Pakistan. Banks could lessen it by acting as a mediator for small and medium-sized enterprises (SMEs). Originality/Value – This review paper's main contribution is to analyze the contribution of financial institutes in Debt Financing small and medium-sized enterprises (SMEs) in Pakistan. Paper discusses all the modes available for the small and medium-sized enterprises (SMEs) in Pakistan thoroughly through conventional and non-conventional (Islamic) financial institutes.
Saso Tic - One of the best experts on this subject based on the ideXlab platform.
-
Debt Financing and Thin-Capitalization: Case Study in Slovenia
Management Science, 2014Co-Authors: Lidija Hauptman, Saso TicAbstract:Since each form of Financing provides a different level of security and risk, companies are often faced with a dilemma, which equity to Debt ratio to choose in financial structure. In order to avoid overexploitation of certain types of Debt Financing, tax legislation defines a thin capitalization rule. In this paper we present, how the relationship between equity and Debt Financing has changed in the period 1997–2012 and how the thin capitalization rules affected this relationship in the selected parent companies in Slovenia. The analysis reveals that the proportion of Debt Financing increased before and after the introduction of thin capitalization rules throughout the period.
Jess H. Chua - One of the best experts on this subject based on the ideXlab platform.
-
Family involvement and new venture Debt Financing
Journal of Business Venturing, 2011Co-Authors: Jess H. Chua, James J. Chrisman, Franz W. KellermannsAbstract:New ventures often require Debt Financing but face difficulties convincing lenders of their creditworthiness because of agency problems. Researchers have shown that social capital can help small firms reduce lenders' agency concerns but new ventures do not yet have their own social capital. We propose that family involvement increases a venture's ability to borrow family social capital for the purpose of obtaining Debt Financing. Empirical tests with 1267 new ventures suggest that family involvement directly and indirectly improves a new venture's access to Debt Financing.
-
Advances in Financial Economics - Board Monitoring and Access to Debt Financing
Advances in Financial Economics, 2009Co-Authors: Jess H. ChuaAbstract:Board monitoring should affect a firm's access to Debt Financing because it improves firm performance and the board is ultimately responsible for the firm's Debt. In this study, we show empirically that access to Debt Financing indeed benefits in two ways from board monitoring: directly from the monitoring and indirectly from improvement in performance. The methodological challenge is in separating the two effects from each other and from those of other drivers of Debt Financing.
Waseem Ul Hameed - One of the best experts on this subject based on the ideXlab platform.
-
Debt Financing Management The Modes of Debt Financing for Small and Medium-Sized Enterprises (SEMs) in Pakistan
iRASD Journal of Management, 2020Co-Authors: Waseem Ul Hameed, Hisham Bin Mohammad, Javed Iqbal, Shazma Razzaq, Nadeem MaqboolAbstract:Purpose – The basic purpose of this paper is to analyze the Debt Financing of small and medium-sized enterprises (SMEs) in Pakistan through different modes from conventional and non-conventional (Islamic) institutes. Design/Methodology/Approach – Data is publicly available on databases and websites about Debt Financing of small and medium-sized enterprises (SMEs) of Pakistan, thus data is collected from these databases and websites in the form of articles and handbooks about Pakistan. Findings – It is found from the analysis that a lot of Financing choices and modes are available for small and medium-sized enterprises (SMEs) in Pakistan. These modes are provided by both conventional and non-conventional (Islamic) financial institutes. All the Debt modes are discussed in the paper. In addition, there are some drawbacks of Debt Financing that arises from conventional and non-conventional (Islamic) financial institutes, which alleviate small and medium-sized enterprises (SMEs) from adopting these modes Research Limitations/Implications – Some financial institutes, especially banks, lack knowledge and information about small and medium-sized enterprises (SMEs) in Pakistan. Banks could lessen it by acting as a mediator for small and medium-sized enterprises (SMEs). Originality/Value – This review paper's main contribution is to analyze the contribution of financial institutes in Debt Financing small and medium-sized enterprises (SMEs) in Pakistan. Paper discusses all the modes available for the small and medium-sized enterprises (SMEs) in Pakistan thoroughly through conventional and non-conventional (Islamic) financial institutes.
