This paper examines the effects of determinants of capital structure on firm's equity market value. The underlying assumption is that when a firm changes its capital structure, it actually changes the relative position and the market values of its securities' holders. This is the signaling...

This paper examines the effects of determinants of capital structure on firm's equity market value. The underlying assumption is that when a firm changes its capital structure, it actually changes the relative position and the market values of its securities' holders. This is the signaling...

This study examines the informativeness of fundamental financial information to three levels of market-to-book (MB) ratio: high MB firms, medium MB firms, and low MB firms. In general, the results indicate that the financial ratios (as co-integrated financial information) are relatively quite...

The practice of capital structure decisions is dominated by three theories of capital structure; trade-off, pecking order, and free cash flow. None of the three theories presents a complete answer to the determinants of capital structure. This study utilizes the Bayesian quot;Stochastic Search...

Most infrastructure projects share the same characteristics in term of management aspects and shortcomings. Human factor is believed to be the major drawbacks due to the nature of unstructured problems which can further contribute to management conflicts. This growing complexity in...

This paper discusses the situation of irrigated sorghum and wheat with respect to their financial and economic profitability and international competitiveness in use of domestic resources, in light of declared government policy which emphasizes shifting from traditional rainfed sector to...