This paper analyses the impact that firms financial position has on investment decisions using panel data from a large sample of non-financial corporations(around 120,000 firms) in six euro area countries(Belgium, Germany, France, Italy, the Netherlands and Spain). The results indicate that...

The study is aimed at exploring the relationship between dividend payout and capital structure, and to explore the determinants of dividend policy and capital structure of manufacturing sector of Pakistan. Penal data ranging from 2006 to 2011 of selected 100 manufacturing firms of Pakistan is...

This paper analyze the impact of working capital management particularly working capital and capital structure on banking profitability. We apply panel estimation on monthly data over 105 banks during the period of 2003–2013, covering State-owned Bank, Foreign Exchange Public Bank, Non Foreign...

This paper evaluates the relative importance of country and firm-specific determinants of capital structure using a multilevel modelling approach. Annual data for 18,201 public and non-financial firms from 66 countries are analysed for the period 2000–2016. Variance decomposition analysis is...

We develop a dynamic panel threshold model of capital structure to test the dynamic trade-off theory, allowing for asymmetries in firms' adjustments toward target leverage. Our novel estimation approach is able to consistently estimate heterogeneous speeds of adjustment in different regimes as...

This paper analyzes the relationship between some characteristics of the corporate board and the firm's capital structure in Nepalese listed firms using panel data models. The findings provide some preliminary empirical evidence and seem to suggest that stronger corporate governance practices...

Traditional target structure theories predict that all financing decisions move firms towards target capital structures. On the other hand, transitory debt hypothesis predicts that firms deliberately but temporarily deviate from target capital structures to fund a particular corporate action and...

Rajan and Zingales (1995) find that tangibility, growth opportunity, size and performance are the four common determinants to explain capital structure across G-7 countries. In this study, we consider a sample of 590 firms from Argentina, Chile, Mexico, Peru and United States of America, to...

This research examines the relationship between capital structure and three of its major determinants proposed in the prior literature - profitability, growth rate and size. Our sample includes data for all banks listed in Kompass Egypt, in the period 1995-2007. We utilize panel data regression...

In this paper, the influences of five time-specific or country-specific determinants (namely, inflation, growth in real gross domestic product, stock market development, debt market development and lending interest rate), seven firm-specific determinants (namely, size, tangibility, non-debt tax...