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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 determinants of Sukūk issuance in GCC countries [PDF]
Islamic Economic Studies, 2020 Purpose – This paper focuses on Ṣukūk issuance determinants in Gulf Cooperation Council (GCC) countries. Given the dual characteristic of debt and equity of Ṣukūk as well as their unique benefits of social responsibility, the author questions whether the
Imene Guermazi
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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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Ekonomi dan Bisnis, 2023 This study looks into how capital structure theories explain capital structure characteristics of oil and gas companies in ...
Abdul Razak Bin Abdul Hadi
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Deviation from target debt ratio, cash flow imbalance and capital structure adjustment [PDF]
تحقیقات مالی, 2016 Most of capital structure researches have been conducted on the two dominant theories: trade-off and pecking order. Based on the trade-off theory, every firm has a target capital structure, while pecking order theory assumes that there is no target ...
Maryam Davallou, Alireza Rezaeian
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Determinants of the capital structure of Polish industrial enterprises
Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie, 2021 The subject of the article covers the determinants of the capital structure. The aim of this study is to examine the relationship between the capital structure and the liquidity, profitability, age and size of Polish industrial companies.
Kinga Ociesa
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Ambiguity and the Tradeoff Theory of Capital Structure [PDF]
SSRN Electronic Journal, 2017 We examine the impact of ambiguity, or Knightian uncertainty, on the capital structure decision, using a static tradeoff theory model in which agents are both ambiguity and risk averse. The model confirms the well-known result that greater risk—the uncertainty over outcomes—leads firms to decrease leverage. Conversely, the model indicates that greater
Yehuda Izhakian +2 more
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Equilibrium Theory of Banks' Capital Structure [PDF]
SSRN Electronic Journal, 2017 We study an environment where the capital structure of banks and firms are jointly determined in equilibrium, so as to balance the benefits of the provision of liquidity services by bank deposits with the costs of bankruptcy. The risk in the assets held by firms and banks is determined by the technology choices by firms and the portfolio ...
GALE, Douglas, GOTTARDI, Piero
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Determinants of capital structure: An empirical study on Vietnamese listed firms [PDF]
Serbian Journal of Management, 2017 This paper aims to explore the capital structure of listed Vietnamese companies in an updated context of financial development (the recent situation of domestic equity and debt capital market).
Le Trung Thanh, Do Mai Huong
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