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The Debt-Equity Choice of Japanese Firms

Law, Daniel Tak Yan; Yao, Feng - Department of Economics, College of Business and Economics - 2012

Prior studies on the debt-equity choice of firms focus on capital market oriented economies. This paper examines whether firms in Japan, the world's largest bank-oriented economy, adjust their debt-equity choice towards the target. We find that the leverage rations of Japanese firms do adjust...

Persistent link: https://www.econbiz.de/10010796076

Capital structure choice: a case study on New Zealand's unlisted firms

Wellalage, Nirosha Hewa; Locke, Stuart - In: American Journal of Finance and Accounting 3 (2014) 2/3/4, pp. 93-108

This paper investigates the determinants of capital structure in unlisted firms in New Zealand. Hypotheses utilising pecking order theory, trade-off theory and agency costs theory and the effects of firm ownership structure, firm characteristics and industry on small business capital structure...

Persistent link: https://www.econbiz.de/10010816697

Financial Strategies of the Exporting Firms in Turkey

Degirmen, Suleyman; Gundogdu, Yildiz - In: Business and Economics Research Journal 1 (2010) 4, pp. 1-1

The crises experiences of developing countries like Turkey have shown that moral hazard and adverse selection emerging …, the growth rate of equity of firms that are ranked among the first and second 500 industrial firms in Turkey for the 1997 … that there is a significant long run relationship between mentioned variables in Turkey for annual data from 1997 to 2008 …

Persistent link: https://www.econbiz.de/10008671394

Trade-Off Versus Pecking Order Theory in Listed Companies Around The World

Vătavu, Sorana - In: Annals of the University of Petrosani, Economics 12 (2012) 2, pp. 285-292

This paper provides an insight into the literature on capital structure and its determinants. The capital structure refers to the specific combination of debt and equity and their use in financing the corporate operations. Considering there are various determinants of corporate financing...

Persistent link: https://www.econbiz.de/10011067060

Testing Sukuk And Conventional Bond Offers Based On Corporate Financing Theories Using Partial Adjustment Models: Evidence From Malaysian Listed Firms

Hanifa, Mohamed Hisham; Masih, Mansur; Bacha, Obiyathulla - Volkswirtschaftliche Fakultät, … - 2014

Sukuk (Islamic debt securities) are dominating the Malaysian capital market with strong support from the government, mega-conglomerates and firms. Sukuk, as an important source of firms’ financing, is increasingly catching up with conventional bonds in terms of volume of transactions and...

Persistent link: https://www.econbiz.de/10011112329

Analysis of corporate cash holdings of firms in Malaysia

Wasiuzzaman, Shaista - In: Journal of Asia Business Studies 8 (2014) 2, pp. 118-135

Purpose – The purpose of this paper is to understand the motives behind the levels of cash holdings and the theory that may be able to explain why these firms hold so much cash. Design/methodology/approach – Annual financial data and stock prices of 192 firms from six different sectors on...

Persistent link: https://www.econbiz.de/10014838606

Capital structure determinants for tax-exempt organisations : evidence from the UK

Smith, Geoffrey Peter - In: Financial accountability & management : in governments, … 28 (2012) 2, pp. 143-163

Persistent link: https://www.econbiz.de/10009560037

Do Portuguese private firms follow pecking order financing?

Bartholdy, Jan; Mateus, Cesario; Olson, Dennis - In: The European journal of finance 21 (2015) 10/12, pp. 848-866

Persistent link: https://www.econbiz.de/10011301993

Cogency of capital structure theories to an Islamic country : empirical evidence from the Kuwaiti banks

Naser, Kamal; Al-Mutairi, Abdullah; Al Kandari, Ahmad; … - In: International journal of economics and financial issues … 5 (2015) 4, pp. 979-988

Persistent link: https://www.econbiz.de/10011455348

Dynamic analysis of the capital structure in technological firms based on their life cycle stages

Castro, Paula; Tascón, María T.; Amor-Tapia, Borja - In: Spanish journal of finance and accounting 44 (2015) 168, pp. 458-486

Persistent link: https://www.econbiz.de/10011558074