This thesis examines the financial factors that corporate planners must consider to reach a zero-default debt. The thesis examines the financial fundamentals associated with zero-default debt along with the size and industry effects. The data includes quarterly financial indicators for the non-financial firms listed in DJIA30 and NASDAQ100 for the period 1990-2018. The results conclude that the fixed assets turnover is the only robust variable that can be optimized to reach zero-default debt and has positive and significant signaling effect.
School of Business
MS in Finance
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Committee Member 2
Institutional Review Board (IRB) Approval
Approval has been obtained for this item
Saeed, A. S.
(2023).Modeling the Financial Signaling of Zero-default Debt: Empirical study on the firms listed in DJIA30 and NASDAQ100 [Master's Thesis, the American University in Cairo]. AUC Knowledge Fountain.
Saeed, Ahmed Salah Zaki. Modeling the Financial Signaling of Zero-default Debt: Empirical study on the firms listed in DJIA30 and NASDAQ100. 2023. American University in Cairo, Master's Thesis. AUC Knowledge Fountain.