The aim of this study is to empirically investigate the role of firm- industry-, institutional-, and macroeconomic-factors on a firm's capital structure decision in the context of nine African countries. To this end, we consider a sample of 986 non-financial firms over a period of 10 years...

This study examines antecedents of capital structure of firms in Johannesburg Securities Exchange (JSE). The difficulties in measuring attributes of interest are addressed in two fronts: conceptual and methodological. A broader conceptual framework is developed by introducing several new proxies...

The aim of this paper is to examine the role of institutional-, macroeconomic-, industry-, and firm-characteristics on the adjustment speed of corporate capital structure in the context of nine (9) African countries. We consider a sample of 986 firms over a period of 10 years (1999–2008)....

Purpose - The study aims to investigate the role of institutions, macroeconomic conditions, industry and firm characteristics on firm's capital structure decision within the context of nine African countries. Design/methodology/approach – A sample of 986 firms over the period 1999-2008 were...

Purpose – The study aims to investigate the role of institutions, macroeconomic conditions, industry and firm characteristics on firm's capital structure decision within the context of nine African countries. Design/methodology/approach – A sample of 986 firms over the period 1999-2008 were...

The study seeks to examine how the severity of corruption in a country influences corporate governance and financing decisions of firms. We analyse 15-years (1996-2010) data pertaining to 556 non-financial firms drawn from 10 African countries using models that link firm financing, ownership...