E:l. E:2. E:3.
Simulated relationships between the exogenously given rate of return on total capital and the endogenous variables 229 Simulated relationships between the exogenously given interest rate and the endogenous variables 230 Simulated relationships between the exogenously given discount rate and the endogenous variables 231
TABLES l.
2.
3.
4.
5.
6.
7.
8.
9. 10. 11.
270
Regressions showing the impact of the growth rate on the rate of return, on production capital (property, plant, equipment and inventories plus monetary reserves) and on total capital. Firms with negative and positive growth rates respectively. Linear form 51 Regressions showing the impact of the growth rate, diversification rate, etc. on the rate of return on production capital. Firms with positive growth rates. Linear forms 53 Regressions showing the impact of the leverage ratio, the share of long term debt and firm size on the interest rate. Linear form 67 Regressions showing the impact of the 1everage ratio, the share of long term debt and firm size on the interest rate. Combined linear and logaritmic form 67 Regressions showing the impact of the pay-out ratio, the share of internal equity financing and the leverage ratio on the discount rate. Linear form 79 Regressions showing the impact of the pay-out ratio, the ratio ratio of internal equity financing and 1everage ratio on the discount rate. Combined linear and logaritmic form 79 The direction of change in the optimum values of the endogenous variables due to increases in the exogenous factors when there are no growth costs 93 The direction of change in the optimum va1ues of certain endogenous variables due to increases in the exogenous factors when there are growth costs 100 Number of firms satisfying certain inequalities 108 Estimated normalized deviations from marginal conditions 111 Regressions showing the impact of interest rate and of the rate of return on total capital on the leverage ratio. Linear form 113