This study aims to determine the influence of various firm level characteristics such as, profitability, size, growth … opportunities, asset tangibility, non-debt tax shield, volatility and liquidity on capital structure. Employing the cross … on capital structure and capital structure is measured simultaneously by the ratios of total debt, long-term debt and …

This study aims to determine the influence of various firm level characteristics such as, profitability, size, growth … opportunities, asset tangibility, non-debt tax shield, volatility and liquidity on capital structure. Employing the cross … on capital structure and capital structure is measured simultaneously by the ratios of total debt, long-term debt and …

on financial performance based on certain debt characteristic. Two characteristics of debt are debt … coefficient test. The result shows support for differences in effect on debt to performance for DCE (positive effect) and DFE … (negative effect). On DCE, no group-affiliate firms have higher positive effect of debt on performance than group …

form and examinea unique panel dataset of 25,387 firm-year observations for China’s coalmining industry. We show that a … firm’s leverage significantly determines its coalmining fatality: A 10% increase in the debt ratio leads, on average, to a …

and risky levels of debt ratios. Since debt has tax advantages over other sources of capital, this paper employs simulated … analyses three different measures of leverage; debt to asset (DAR) ratio, incremental debt to total assets ratio (DINC) and … debt to capital employed (DAR1) ratio. For each measure of leverage ratio, different specifications based on four variants …

tangibility, size, growth opportunities, profitability and non-debt tax shields. Our main results reveal that there is a negative … and statistically significant relationship between non-debt tax shields and size and debt and there is a positive and …The capital structure of a company consists of a particular combination of debt and equity issues to relieve potential …

impacts of macro variables on capital structure. Second is to investigate the impact of capital structure and firm performance …