Purpose – Based on the agency theory, the purpose of this paper is to theoretically argue and empirically investigate how ownership structure impacts the capital structure of the listed mid‐cap companies in India and whether the capital structure as exogenous variable has a role in...

Purpose – The purpose of this paper is to explore the effect of leverage mimicking factor portfolios in explaining stock return variations. This paper broadens the focus of the current asset pricing literature by forming portfolios mimicking the leverage factor. Design/methodology/approach –...

Purpose – The purpose of this paper is to investigate the effect of leverage on Malaysian listed firms' value and the optimal level of debt at which a firm could maximize its value. Design/methodology/approach – The authors employ an advanced panel threshold regression estimation developed...

Purpose – The aim of this study is to investigate the corporate financing behaviour of nonfinancial Greek listed companies, focusing on how managers determine optimal capital structure. Design/methodology/approach – The study analyses the results derived from questionnaires submitted to the...

Purpose – This paper aims to test the effects of financial reforms on the structural stability of the parameter estimates in the determinants of capital structure. Design/methodology/approach – A panel of 100 non‐financial companies listed on the Johannesburg Stock Exchange is constructed,...

Proposed projects whose financing will cause capital structure to change across time cannot be accurately evaluated by the ordinary Weighted Average Cost of Capital‐Net Present Value technique. The required rate of return on a new project depends on the firm’s capital structure through the...

Purpose – This study sets out to focus on the identification of determinants of real estate limited partnership (REIT) capital structure from a market perspective. Design/methodology/approach – This study uses ordinary least squares regression to test whether REIT capital structure is...

Purpose – The aim of this study is to isolate the firm characteristics that affect capital structure. Design/methodology/approach – The investigation has been performed using panel data procedure for a sample of 129 Greek companies listed on the Athens Stock Exchange during 1997‐2001. The...

Purpose – The study aims to investigate the comparatively under‐researched relationship between ownership structure and capital structure in an emerging market. It is also one of the first studies to apply both single and reduced‐form equation methods using a panel data approach....

Purpose – The purpose of this paper is to investigate the role of “soft information” in firms’ debt issue and capital structure choices, and present a new model reconciling the gap between theories of capital structure and empirical findings. Design/methodology/approach – The paper...