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The capital-to-labor ratio has steadily risen in the U.S. and elsewhere during the post-WWII period. Since the 1970s this rise has been accompanied by a rise in the level and variability of corporate profits whereas the labor share of income has declined. In this paper we ask whether these...
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, profitability and firm size are considered "indirect-only mediator". These results demonstrate that certain factors influence the …
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Exchange and Thailand Stock Exchange from 2004 to 2013. We also investigate how firm-specific factors such as profitability … across all three countries. We find profitability has a significant negative influence on capital structure for Malaysia and …
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