The purpose of this study was to identify key institutional factors in the country and in a company, and its mathematical relationship by incorporating debt, by forming the capital structure of the electronics industry in Jalisco and its discrepancies with the service sector, trade, processing,...

This study aimed to analyze the effect of leverage and the size of a company to its profitability. Data were obtained from the financial statements of 100 qualified manufacturing companies listed in Indonesia Stock Exchange in the period of 2009-2014. Leverage was measured by debt ratio, while...

The study attempts to examine the impact of market valuation on capital structure decision of Indian public limited manufacturing firms. Particularly, it attempts to answer whether the market value affects firms leverage through equity issues and whether market valuation has a long term impact...

We study profitable firms with no tax expenses. We find that the proportion of profitable firms that owe zero taxes (zero-tax firms) has increased substantially over the past 70 years, accounting for almost 15% of listed U.S. firms in recent years. Zero-tax firms thus represent a major group of...

Research Problem: To re-examine the issue of non-linearity in capital structure choices of firms through the application of the hitherto un-applied technique of ‘panel data unconditional quantile regression' with a view to indirectly ascertain the applicability of Trade-off Theory, Agency Cost...

This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms in 48 developed and developing countries in 2010, identifying factors of resilience as well as vulnerability. Based on a cross-sectional analysis, the results show that...