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The determinants of Sukūk issuance in GCC countries

Guermazi, Imene - In: Islamic economic studies 28 (2020) 1, pp. 25-45

Purpose - This paper focuses on Ṣukūk issuance determinants in Gulf Cooperation Council (GCC) countries. Given the dual characteristic of debt and equity of Ṣukūk as well as their unique benefits of social responsibility, the author questions whether the theories of capital structure, the...

Persistent link: https://www.econbiz.de/10012319152

The interaction of institutional quality and human capital in shaping the dynamics of capital structure in Viet Nam

Santarelli, Enrico; Hien Thu Tran - 2018

The aim of this paper is to find which of two theories of capital structure - trade-off theory or pecking order theory - best explains the capital structure decision of non-state firms during the post-transition process in Viet Nam. We also investigate the effect of human capital, institutional...

Persistent link: https://www.econbiz.de/10011874005

The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies

Wahab, Siti Nur Aqilah Ab; Ramli, Nur Ainna - In: International Journal of Economics and Financial Issues 4 (2014) 4, pp. 930-945

In this study, we explore how the debt equity choices of Listed Malaysian Government linked Companies (GLCs) are influenced by the firm specific characteristics and macroeconomic variables using a sample of 13 GLCs from 1997 to 2009. Two elements of leverage, book value of total debt ratio...

Persistent link: https://www.econbiz.de/10010938160

Determinants of Capital Structure : Evidence from a Major Developing Economy

Koksal, Bulent; Orman, Cuneyt - Türkiye Cumhuriyet Merkez Bankası - 2014

A major shortcoming of capital structure studies on developing economies is that they generally restrict their analyses to large publicly-traded manufacturing firms. Consequently, we know little about the applicability of various capital structure theories to firms that are private, small,...

Persistent link: https://www.econbiz.de/10010941442

Capital Structure Determinants of Publicly Listed Companies in Saudi Arabia

Alzomaia, Turki SF - In: The International Journal of Business and Finance Research 8 (2014) 2, pp. 53-67

relationship between size, growth of the firm and leverage. On the other hand, the results show there are negative relationships …

Persistent link: https://www.econbiz.de/10010943323

SELECTIVE ASYMMETRIC CAPITAL FINANCING BEHAVIOR: PREFERENCE TOWARDS EQUITY FINANCING

LIEN, DONALD; LO, MELODY; NI, JINLAN - In: Annals of Financial Economics (AFE) 07 (2012) 01, pp. 1250004-1

Using data from 1,217 publicly traded Chinese companies from 1994–2006, we show that the capital financing behavior of Chinese firms deviates substantially from the pecking order theory in that equity issues are always the preferred financing source for funding requirements. We further...

Persistent link: https://www.econbiz.de/10011011021

Determinants of Capital Structure in Non-Financial Companies

Kühnhausen, Fabian; Stieber, Harald W. - Volkswirtschaftliche Fakultät, … - 2014

-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/10011019340

The determinants of the capital structure of listed on stock market non-financial firms: Evidence for Portugal

Vergas, Nelson; Cerqueira, António; Brandão, Elísio - Faculdade de Economia, Universidade do Porto - 2015

, profitability, other sources of tax optimization, growth opportunities, size and market valuation. Empirical results demonstrate the … ability of profitability (-), growth opportunities (+), and other sources of tax optimization (+) in explaining the debt … are significant changes in the determinants of market valuation, growth opportunities and tangibility, as result of the …

Persistent link: https://www.econbiz.de/10011210846

The Determinants of Capital Structure: An Empirical Investigation of Malaysian Listed Government Linked Companies

Wahab, Siti Nur Aqilah Ab; Ramli, Nur Ainna - In: International Journal of Economics and Financial Issues 4 (2014) 4, pp. 930-945

Persistent link: https://www.econbiz.de/10011273127

Capital structure – Romanian and Eastern-Europe companies

Liviu-Adrian - International Institute of Social and Economic Sciences - 2015

This paper analyses company’s capital structure using a sample of listed companies on a ten year period. It mainly tackles one of the most debated issues in corporate finance, the relationship between profitability and debt level of a company. Shareholder funds are considered at book value,...

Persistent link: https://www.econbiz.de/10011276199