Narrow search
Showing 1 - 10 of 6,765
Cover Image
Market power versus capital structure determinants: Do they impact leverage?
Jahanzeb, Agha; Bajuri, Norkhairul Hafiz; Ghori, Aisha - In: Cogent Economics & Finance 3 (2015) 1, pp. 2-9
The purpose of this study is to investigate the association between market power and capital structure. This study will further provide a logical explanation towards the factors affecting capital structure. This study analysed 176 non-financial Pakistani companies listed on Karachi Stock...
Persistent link: https://www.econbiz.de/10011559153
Cover Image
A revisit of pecking order theory versus trade-off theory: Evidence from Pakistan
Qureshi, Muhammad Azeem; Sheikh, Nadeem Ahmed; Khan, … - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 9 (2015) 2, pp. 344-356
(POT) or trade-off theory (TOT); better explains the corporate leverage behaviour in Pakistan. For this purpose, we use … listed on Karachi Stock Exchange Pakistan during 1972-2010 Our results indicate that leverage has two pervasive and … significant relationships. First, leverage is negatively related to current and past profitability. Second, leverage is positively …
Persistent link: https://www.econbiz.de/10011938459
Cover Image
The Equity Risk Premium and the Required Share Returns in a Tobin’s q Model
Madsen, Jakob B. - 2003
Based on the Tobin's q principle this paper shows that earnings per unit of capital and the output capital ratio are excellent measures of the required share returns because they are only temporarily affected by earnings shocks but are driven permanently by changes in required share returns....
Persistent link: https://www.econbiz.de/10010320941
Cover Image
Dynamic Approach of Capital Structure of European Shipping Companies
Arvanitis, Stavros H.; Tzigkounaki, Irakleia S.; … - In: International Journal of Economic Sciences and Applied … 5 (2012) 3, pp. 33-63
than borrowing) against leverage. Moreover, we observe a negative relationship between size or profitability and debt. Our …
Persistent link: https://www.econbiz.de/10011310238
Cover Image
Determinants of corporate financing decisions: A survey evidence from Czech firms
Jindřichovská, Irena; Körner, Pavel - 2008
This paper investigates the empirical evidence on determinants of financing decisions on the pool of respondents among financial managers of Czech firms. The theoretical section provides an overview of prominent contemporary theories on capital structure. Employing Chi-square Sign Test and Logit...
Persistent link: https://www.econbiz.de/10010322315
Cover Image
Trade-off-theory vs. pecking order theory and the determinants of corporate leverage: Evidence from a panel data analysis upon French SMEs (2002-2010)
Adair, Philippe; Adaskou, Mohamed - In: Cogent Economics & Finance 3 (2015) 1, pp. 1-11
We test the assumptions of trade-off theory (TOT) and pecking order theory (POT) regarding corporate leverage. The … the firm and access to credit relies on guarantees. The relationship between corporate leverage and the profitability of … SMEs as well as growth opportunities support POT. However, the relationship between corporate leverage and the age of SMEs …
Persistent link: https://www.econbiz.de/10011559144
Cover Image
The interaction of institutional quality and human capital in shaping the dynamics of capital structure in Viet Nam
Santarelli, Enrico - 2018
and assets. On the other hand, those with access to formal sources take advantage of leverage tools from using formal …
Persistent link: https://www.econbiz.de/10011943873
Cover Image
Determinants of Capital Structure in Non-Financial Companies
Kühnhausen, Fabian; Stieber, Harald W. - 2014
leverage and depict differences in industry and country characteristics. Using a short panel data set with a large cross …-section, we are able to show that firm size, industry leverage, industry growth and tax shield positively affect leverage ratios …
Persistent link: https://www.econbiz.de/10010427698
Cover Image
Internal and external determinants of capital structure in large Korean firms
Tulcanaza Prieto, Ana Belen; Lee, Young Hwan - In: Global Business & Finance Review (GBFR) 24 (2019) 3, pp. 79-96
Persistent link: https://www.econbiz.de/10012286687
Cover Image
Globalization, Transparency and Economic Growth: The Vulnerability of Chinese Firms to Macroeconomic Shocks
Oxelheim, Lars - 2008
The process of globalization encompasses economic and financial integration. Abolition of capital controls and dismantling of barriers of different kinds are important ingredients of the process that will entirely change the exposure of previously sheltered companies to shocks on the global...
Persistent link: https://www.econbiz.de/10010320377