Spare Debt Capacity: Company Practices in Australia, Britain and Japan

Autor:	Dave E. Allen
Rok vydání:	2000
Předmět:	Finance 050208 finance Actuarial science business.industry media_common.quotation_subject 05 social sciences Sample (statistics) General Business Management and Accounting Spare part Debt 0502 economics and business Value (economics) 050207 economics business media_common
Zdroj:	Australian Journal of Management. 25:299-326
ISSN:	1327-2020 0312-8962
Popis:	The paper reports the residis of an investigation of the extent to which a sample of listed Australian, British and Japanese companies maintain spare borrowing capacity. Unused debt capacity is not directly observable and can be in various forms, including committed and uncommitted lines of credit or a level of borrowing that is, substantially below an upper limit. Some 60% of Australian, 90% of British and 32% of the Japanese respondents follow this policy. Regression analyses suggest that spare borrowing capacity is linked to company size, proxies for the proportion of company value in intangible form, and upper limits on borrowings.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::14a9d861d157769a1ae52b9285d43807 https://doi.org/10.1177/031289620002500304 Zobrazit plný text záznamu