Search Results - subject:"capital structure"

Determinants of capital structure : an empirical study on Vietnamese listed firms

Le Trung Thanh; Do Mai Huong - In: Serbian journal of management : an international … 12 (2017) 1, pp. 77-92

This paper aims to explore the capital structure of listed Vietnamese companies in an updated context of financial … analyze 05 firm-specific and 01 countryspecific determinants of capital structure based on the data set of 228 firms listed on … corporate debt capital market have evolved considerably, the capital structure of Vietnamese companies are still dominated by …

Capital structure determinants of small and medium enterprises in Croatia

Šarlija, Nataša; Harc, Martina - In: Managing global transitions : international research journal 14 (2016) 3, pp. 251-266

Most of the research about capital structure is focused towards two theories: trade off theory (TOT) and pecking order … affect the capital structure of the company. However, in different countries different determinants with opposite relation to … aim of this paper is to analyse the capital structure of small and medium enterprises in Croatia through the analysis of …

Testing the Pecking Order Theory of capital structure in FTSE 350 food producers firms in United Kingdom between 2001 and 2005

Dacosta, Louie; Adusei, Charles - In: Expert journal of finance 4 (2016), pp. 66-91

Curbing corporate debt bias : do limitations to interest deductibility work?

Mooij, Ruud A. de; Hebous, Shafik - 2017

Tax provisions favoring corporate debt over equity finance ("debt bias") are widely recognized as a risk to financial stability. This paper explores whether and how thin-capitalization rules, which restrict interest deductibility beyond a certain amount, affect corporate debt ratios and mitigate...

Impact of financial crises on dynamics of capital structure : evidence from Korean listed companies

Tsoy, Lyubov; Heshmati, Almas - 2017

This study examines the impact of 1997 Asian and 2008 Global financial crises on the capital structure of Korean listed …-2015, the pattern of firms' capital structure before and after the crises is investigated and the speed of adjustment toward the … optimal leverage identified. Different effects of the two crises on both capital structure and its adjustment speed is found …

Capital structure arbitrage under a risk-neutral calibration

Zeitsch, Peter J. - In: Journal of risk and financial management : JRFM 10 (2017) 1, pp. 1-23

leading to a full risk-neutral calibration. Subsequently, a new technique for identifying and hedging capital structure …

Relational contracts, the cost of enforcing formal contracts, and capital structure choice : theory and evidence

Fahn, Matthias; Merlo, Valeria; Wamser, Georg - 2017

firm's financing structure. We analyze the interaction between a firm's capital structure and the type of contracts it uses …

Impacts of capital structure on performance of banks in a developing economy : evidence from Bangladesh

Siddik, Md. Nur Alam; Kabiraj, Sajal; Joghee, Shanmugan - In: International Journal of Financial Studies : open … 5 (2017) 2, pp. 1-18

The capital structure decision plays an important role in the performance of a firm. Therefore, there have been many … studies inspecting the rapport of capital structure with the performance of firms, although the findings of these studies are … inconclusive. In addition, there is a relative deficiency of empirical studies examining the link between capital structure and the …

The commitment role of equity financing

Fahn, Matthias; Wamser, Georg; Merlo, Valeria - 2017

Existing theories of a firm's optimal capital structure seem to fail in explaining why many healthy and profitable … with a number of empirical results, which seem to stay in contrast to existing theories on capital structure. …

Equilibrium theory of banks' capital structure

Gale, Douglas; Gottardi, Piero - 2017

We study an environment where the capital structure of banks and firms are jointly determined in equilibrium, so as to …