This study surveys theoretical models providing alternative rationales for corporate hedging.

This study examines the impact of agency costs on capital structure of Nigeria listed companies for the period of 2000-2006. Using a dynamic panel model, the study demonstrates the extent to which asset utilization helps explain the financing structure of Nigerian firms. The main finding shows...

In economic sense, some events may be subject to spill-over from economy-wide or world-wide shocks. For instance a country’s fiscal policy, such as government spending, taxation, and borrowings, influence both the pattern of economic activity and also the level and growth of aggregate...

The aim of the present work is to analyze how relations between financial choices and the capital structure of firms condition the business dynamics of the companies involved. The paper involves an analysis of the balance sheets for the three year period 2005-2007 of firms dealing with urban...

This study investigates the influence of the capital structure on profitability of quoted companies in Nigeria. The study used secondary data from 1990 to 2004 collected from the selected Annual Report and Accounts of 50 non-financial quoted companies, and Fact Books published by the Nigerian...

Considerable empirical evidence suggests that firm’s time equity issues to market movements and that this behavior impacts capital structures. Based on a survey of investigations of this phenomenon, this study observes capital structures in different financial markets and identifies...

This study analyzes financial risk factors of China’s Small and medium-sized enterprises (SMEs), employing Alexander Bathory model for the currently available data on the small and medium enterprise board in Shenzhen Stock Exchange. Financial risk is measured by the Alexander Bathory model....

Recent litigation with regards to property damage associated with carbon black emissions provides an opportunity to measure the impact of particulate matter (PM), a Clean Air Act pollutant. By using property-specific PM concentrations, we estimate the impact of PM on residential property values,...

Purpose–The purpose of this paper is to study the capital structure of firms when controlling shareholders decide on the level of debt financing in an environment with poor legal protection. Design/methodology/approach–Theoretically this paper uses a dynamic model to analyze how the...

This study reinvestigates the relationship between financial leverage and firm characteristics in a cross-sectional setting and a panel setting. Monte-Carlo simulation-based inference results confirm the finding of Barraclough (2007) that a cross-sectional multiple regression model sharing...