Purpose – The objective of this study is to examine the relative contribution of three groups of factors that are associated with working capital at risk. These factors are grouped as firm-level, industry-level and country level variables. Working capital at risk is treated as the Value at...

Purpose – The purpose of this paper is to examine firms' strategies to change long- and short-term debt financing in Egypt. It aims to examine a list of capital structure determinants that include the basic assumptions of the three well-known theories of capital structure: tradeoff, pecking...

This paper examines the relationships between the changes in the firm's capital structure and their effects on the firm's market value for three different levels of systematic risk. The underlying assumption of signaling is that when a firm changes its capital structure, its market value might...