Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur?

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Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur?

หน่วยงาน Universiti Sains Malaysia, Malaysia

รายละเอียด

ชื่อเรื่อง	:	Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur?
นักวิจัย	:	Wahyudi, Imam
คำค้น	:	HD28-70 Management. Industrial Management
หน่วยงาน	:	Universiti Sains Malaysia, Malaysia
ผู้ร่วมงาน	:	-
ปีพิมพ์	:	2557
อ้างอิง	:	http://eprints.usm.my/39944/1/AAMJAF_10%2D1%2D5%2DG1_(95%2D131).pdf , Wahyudi, Imam (2014) Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur? Asian Academy of Management Journal of Accounting and Finance, 10 (1). pp. 1-37. ISSN 1823-4992
ที่มา	:	-
ความเชี่ยวชาญ	:	-
ความสัมพันธ์	:	http://web.usm.my/journal/aamjaf/10-1-5-2014.html , http://eprints.usm.my/39944/
ขอบเขตของเนื้อหา	:	-
บทคัดย่อ/คำอธิบาย	:	This paper intends to analyse the default risk in micro, small and medium enterprises (MSMEs) and its relation to new debt opportunities, debt overhang theory and growth intention. The results confirm that cash flow, capacity and leverage are the major determinants of firms’ default, while gross margin and efficiency measure are not significant predictors. By analysing the rating transition behaviour, we found that the further the rating migrates, the smaller the probability of transition and that the probability towards default is greater along with the decreased quality rating. By extending the analysis, we found that the debt overhang theory is not applied in relationships between banks and MSMEs.
บรรณานุกรม	:	APA Chicago MLA Vancouver Wahyudi, Imam . (2557). Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur?. กรุงเทพมหานคร : Universiti Sains Malaysia, Malaysia. Wahyudi, Imam . 2557. "Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur?". กรุงเทพมหานคร : Universiti Sains Malaysia, Malaysia. Wahyudi, Imam . "Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur?." กรุงเทพมหานคร : Universiti Sains Malaysia, Malaysia, 2557. Print. Wahyudi, Imam . Default Risk Analysis In Micro, Small And Medium Enterprises: Does Debt Overhang Theory Occur?. กรุงเทพมหานคร : Universiti Sains Malaysia, Malaysia; 2557.