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Capital Structure Theory: Past, Present, Future
Mathematics, 2023 The purpose of this review is to analyze all existing theories of the capital structure (with their advantages and disadvantages) in order to understand all aspects of the problem and make correct management decisions in practice. The role of the capital
Peter Brusov, Tatiana Filatova
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Cogent Economics & Finance, 2018 The objective of this study is to empirically examine the capital structure theories that can explain the capital structure choice made by the firms that are operating in China, India, and South Africa. The study tests the capital structure theories as a
M. Kannadhasan +3 more
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The Theory of Capital Structure [PDF]
The Journal of Finance, 1991 ABSTRACTThis paper surveys capital structure theories based on agency costs, asymmetric information, product/input market interactions, and corporate control considerations (but excluding tax‐based theories). For each type of model, a brief overview of the papers surveyed and their relation to each other is provided. The central papers are described in
Harris, Milton, Raviv, Artur
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Impact of Capital Structure on Corporate Value—Review of Literature
Journal of Risk and Financial Management, 2021 The issue of capital structure in an enterprise is often described in the literature on the subject; however, theories are classified into various approaches, and their characteristics are often limited to selected theories.
Sylwia Kruk
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An Empirical Test of Capital Structure Theories for the Vietnamese Listed Firms
Journal of Risk and Financial Management, 2019 Raising capital efficiently for the operations is considered a fundamental decision for any firms. Since the 1960s, various theories on capital structure have been developed.
Duc Hong Võ, Chi Ho, Võ Duc Hong
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Borsa Istanbul Review, 2022 This study examines the role of earnings management in the relationship between firm performance and capital structure, dividing earnings management into discretionary and nondiscretionary accruals to test established theories on the capital structure ...
Adnan Shoaib, Muhammad Ayub Siddiqui
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Cogent Economics & Finance, 2017 We investigate the determinants of capital structure of public listed companies on Bursa Malaysia, Singapore Stock Exchange and Thailand Stock Exchange from 2004 to 2013.
Jacinta Chan Phooi M’ng +2 more
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Journal of Corporate Finance, 2019 We survey institutional investors about their role in capital structure decisions and views on capital structure theories. Over 82% of investors believe they influence corporate capital structure decisions, especially for smaller, younger, and more ...
Chris Veld +2 more
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International Small Business Journal, 2012 Using a new dataset of 1539 Chinese small and medium-sized enterprises this article investigates the firm-level determinants of capital structure and tests them against the predictions of financial theory. Firm size and profitability are both found to be
Alexander Newman
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Capital Structure Theory: An Overview
Accounting and Finance Research, 2017 Capital structure is still a puzzle among finance scholars. Purpose of this study is to review various capital structure theories that have been proposed in the finance literature to provide clarification for the firms’ capital structure decision. Starting from the capital structure irrelevance theory of Modigliani and Miller (1958) this review examine
D. Abeywardhana
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