Using panel data methodology, the determinants of capital structure in 34 Australia listed property trusts (A-REITs) are investigated for the period 2003-2008. Empirical results reveal that profitability, growth opportunity, and operational risk are negatively related to leverage while size is...

Past literature attempts to resolve the issue of the motivation behind managers' choice of a given capital structure. Despite several decades of intensive research, there is still no consensus about which theory dominates capital structure decisions. The present study empirically investigates...

This study examines the divide between finance theory and practice by analysing thesignificance of the determinants of capital structure choice among 123 listed firms on the JSE, todetermine whether these firms follow the trade-off theory or the pecking-order theory.Data obtained from...

This thesis investigates the determinants of the use of debt and leasing in the UK using a comprehensive measure of debt and leases, in recognition of the link between lease and debt-type financing decisions, based on financial contracting theory and the tax advantage hypothesis. The design of...

The main aim of the paper is to examine the short- and medium-term empirical link between current account balances and a broad set of (economic) variables proposed by theoretical and empirical literature. The paper focuses on the Middle East and North Africa (MENA), an economically diverse...

Incluye bibliografía ; El estimador de Arellano y Bond (1991) es muy popular entre los investigadores empíricos para estimar modelos dinámicos de panel con efectos fijos y regresores endógenos. Sin embargo, dicho estimador puede presentar sesgos cuando el número de unidades del panel (N) es...

This dissertation consists of three essays, first two of which consider a new estimation method of dynamic panel data models and the last one considers an application of these models. The first essay (Chapter 1) offers empirical likelihood (EL) estimation of dynamic panel data models, which...