Financial Behaviour of the Dutch Corporate Sector |
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| Author:
| Haan, Leo De
De Haan, Leo
Haan, De |
| ISBN: | 978-90-5170-436-5 |
| Publication Date: | Aug 2003 |
| Publisher: | Purdue University Press
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| Book Format: | Paperback |
| List Price: | USD $28.00 |
Book Description:
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Nowadays, financial management is one of the core activities of firms. This explains the growing interest in corporate finance. There is, however, still relatively little empirical knowledge about the financing behaviour of Dutch firms. This study of the financial behaviour of the Dutch corporate sector offers a contribution in this respect. A broad range of financial decisions is examined, including capital structure choice, dividend policy, working capital management and the...
More DescriptionNowadays, financial management is one of the core activities of firms. This explains the growing interest in corporate finance. There is, however, still relatively little empirical knowledge about the financing behaviour of Dutch firms. This study of the financial behaviour of the Dutch corporate sector offers a contribution in this respect. A broad range of financial decisions is examined, including capital structure choice, dividend policy, working capital management and the financing of investment. The central research question dealt with is whether the financial behaviour of Dutch firms exhibits symptoms of capital market frictions, related to problems of asymmetric information. Use of panel data on individual firms makes this study unique for the Netherlands and enables the analysis to distinguish between different categories of firms. A large-scale survey among Dutch firms is included which reveals important microeconomic motives underlying the savings drift exhibited by the Dutch corporate sector during the 1980s. The many links with both the theoretical and empirical literature makes this study indispensable for researchers, students and practitioners in the field of corporate finance.