Corporate Finance 2nd Edition

Special Issue Editor


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Guest Editor
Department of Finance, School of Business, Washburn University, Topeka, KS 66621, USA
Interests: corporate finance; capital structure; equity offerings; hedge funds; financial education; personal finance; retirement planning
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

This Special Issue covers the general theme of corporate finance and so seeks papers focusing on how companies address funding sources, capital structure decision-making, business growth, and investment decisions. Corporate finance is concerned with maximizing equity per share value through short-term and long-term financial planning and the implementation of sound management policies and financial strategies. Topics of interest for this Special Issue include:

  • Literature review.
  • Capital budgeting.
  • Capital structure.
  • Dividend policy.
  • Working capital management.
  • Security issuance.
  • Costs of capital.
  • Leasing.
  • Mergers.
  • Corporate governance.
  • Valuation for all ownership forms: nonprofits, corporations, pass-throughs, etc.
  • Hedge funds.

Prof. Dr. Rob Hull
Guest Editor

Manuscript Submission Information

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Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • corporate finance
  • capital structure
  • financial distress
  • agency theory
  • working capital
  • investment banking

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Published Papers (2 papers)

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Research

17 pages, 528 KiB  
Article
Macroeconomic Determinants of Effective Corporate Tax Rates: The Case of the Slovak Republic
by Alena Andrejovská and Jozef Glova
Int. J. Financial Stud. 2025, 13(1), 10; https://doi.org/10.3390/ijfs13010010 - 14 Jan 2025
Viewed by 490
Abstract
The effective corporate tax rate is a critical measure reflecting a nation’s fiscal policy and its attractiveness to foreign investment. This study investigates the relationship between macroeconomic determinants and effective corporate tax rates, focusing on Slovakia’s competitiveness within the European Union from 2004 [...] Read more.
The effective corporate tax rate is a critical measure reflecting a nation’s fiscal policy and its attractiveness to foreign investment. This study investigates the relationship between macroeconomic determinants and effective corporate tax rates, focusing on Slovakia’s competitiveness within the European Union from 2004 to 2022. Using a panel regression model, the research identifies significant correlations between nominal tax rates, unemployment, government debt, and effective tax rates. Our findings reveal a consistent downward trend in both nominal and effective tax rates across EU member states, with Slovakia maintaining relatively lower effective tax rates compared to older EU members, thus enhancing its fiscal competitiveness. However, discrepancies persist among member states, influenced by differences in tax policies, enforcement, and exemptions. The study underscores the complex interplay between fiscal policies and macroeconomic conditions, highlighting the importance of aligning effective tax rates with broader economic goals. Policymakers are advised to consider reforms that balance tax competitiveness with fiscal sustainability, ensuring that effective tax rates reflect intended policy outcomes. This analysis offers valuable insights into tax policy dynamics within the EU and provides a framework for designing strategies to attract investment while maintaining economic stability. Full article
(This article belongs to the Special Issue Corporate Finance 2nd Edition)
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22 pages, 599 KiB  
Article
Deregulating the Volume Limit on Share Repurchases
by Adhiraj Sodhi and Aleksandar Stojanovic
Int. J. Financial Stud. 2024, 12(3), 89; https://doi.org/10.3390/ijfs12030089 - 3 Sep 2024
Viewed by 916
Abstract
We empirically advocate for UK regulators to increase the volume limit of 15% outstanding shares on open market repurchases. Our main framework initially tests the determinants of share repurchases based on their size, Small, Medium and Large. The findings reveal that consistent with [...] Read more.
We empirically advocate for UK regulators to increase the volume limit of 15% outstanding shares on open market repurchases. Our main framework initially tests the determinants of share repurchases based on their size, Small, Medium and Large. The findings reveal that consistent with extant literature, the payout is primarily determined by its capability of distributing excess cash to shareholders and signaling undervaluation. We then check the viability of increasing the volume limit by testing new levels at 2.50% increments, up to 30%. The results indicate that any increase does not broadly change the determinants’ relationship with the payout, rather increased efficiency is realized at every interval, with the 20% and 30% levels being the most favorable. Full article
(This article belongs to the Special Issue Corporate Finance 2nd Edition)
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