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insufficient. Reducing retained earnings affected by lower profitability level increase corporate long-term debt. Furthermore, the …
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The main aim of this paper was to investigate the impact of bank characteristics on capital structure empirically. The study employed a panel data analysis, Pooled Mean Group (PMG) and Cross-Sectionally Augmented Autoregressive Distributed Lag (CS-ARDL) estimators were utilized, for the period...
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, profitability, agency cost, innovation and technology, and firm size as a moderating variable. This study used quarterly data from … positively; however, profitability and innovation and technology negatively affect the debt ratio, while agency cost does not … weakens the effect of the relationship between assets structure and profitability with the debt ratio. Managerial implications …
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