DETERMINANTS OF CAPITAL STRUCTURE AN EMPIRICAL
DETERMINANTS OF CAPITAL STRUCTURE AN EMPIRICAL STUDY OF SOUTH AFRICAN FINANCIAL FIRMS . by . ATHENIA BONGANI SIBINDI . submitted in accordance with the requirements for . the degree of . Doctor of Philosophy . in the subject . Management Studies . at the . UNIVERSITY OF SOUTH AFRICA . SUPERVISOR PROFESSOR DANIEL MAKINA . CO-SUPERVISOR
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The Determinants of Capital Structure An Empirical
assets debt to equity and total long term liabilities to total assets. In empirical studies of the determinants of capital structure leverage is expressed either in book or market value terms. This study used two approaches to measure leverage in book value terms. The book value of the long-term
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DETERMINANTS OF CAPITAL STRUCTURE AN EMPIRICAL STUDY OF
This study examines the factors that potentially affect the financial leverage of listed firms on Vietnamese stock exchanges and identifies the key determinants of the capital structure of these firms. The paper also explores the capital structure theories and how they explain capital structure decisions of firms worldwide and in Vietnam. Based on a sample of 183 non-financial publiclytraded
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The Determinants of Capital Structure an Empirical Study
The capital structure or leverage is measured by total debt ratio. In the industrial sector as whole the findings of the study indicate that there is a statistically positive association between
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The determinants of capital structure an empirical study
Jun 01 2015 · The determinants of capital structure an empirical study of Omani listed industrial companies.
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Determinants of Capital Structure An Empirical Analysis
Determinants of Capital Structure An Empirical Analysis of Indian Private Corporate Sector His current teaching and research interest include Capital Market Finance and Control. I have used multivariate regression analysis to find out the significant factors for determinant of capital structure. The empirical results justify our
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DETERMINANTS OF CAPITAL STRUCTURE AN EMPIRICAL EVALUATION
Implications The empirical findings of this research imply that tourism companies corporate managers can make optimal capital structure decisions based on determinants. Novelty To the best of the author s knowledge this study is a first for examining the determinants of capital structure for Oman s tourism companies using data over ten years.
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The Determinants of Capital Structure A Comparative Study
Dec 09 2019 · The above tables give an insight into the capital structure determinants of public and private firms. Empirical research suggests that firm size and tangibility are overall positively correlated with leverage. Profitability appears to be negatively correlated with leverage across public and
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Determinants of capital structuring an empirical study of
To draw conclusion on the main determinants of capital structure and their impact on growth and financing behavior.. To suggest some measures for improvement in capital structure management in textile sector of Pakistan. Vol. 8 No. 2 (Fall 2012) 02 Determinants of Capital Structuring Empirical Study of Growth and Financing Behavior of Firms of
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The determinants of capital structure An empirical study
the capital structure however a conclusive answer has never been found. I will pick multiple determinants that according to earlier research should influence capital structure and research the relation between them and the capital structure of Dutch firms specifically. 2.4 Market timing theory
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Determinants of capital structure An empirical study of
Determinants of capital structure An empirical study of companies from selected post-transition economies Sasho Arsov1 Aleksandar Naumoski2 Abstract The goal of this paper is to examine if there are any determinants that systematically influence the capital structure of the companies in the Balkan
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Determinants of capital structure An empirical study of
Determinants of capital structure An empirical study of Cement industry of Pakistan Sobia Qayyum(Corresponding Author) Muhammad Ali Jinnah University Islamabad Pakistan Abstract Capital structure is the mixture of debt financing and equity financing. Its choice and determinants related to many different factors.
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THE DETERMINANTS OF CAPITAL STRUCTURE AN EMPIRICAL
determinants of capital structure in the real business world. The main objective of most of these studies is to determine examine and investigate some factors or forces that influen
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Determinants of Capital Structure An Empirical Analysis
Determinants of Capital Structure An Empirical Analysis of Indian Private Corporate Sector His current teaching and research interest include Capital Market Finance and Control. I have used multivariate regression analysis to find out the significant factors for determinant of capital structure. The empirical results justify our
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Determinants of Capital Structure An Empirical
Dec 06 2013 · This paper investigates the determinants of capital structure in Malaysian Listed Government Linked Companies (GLCs) using a sample of 13 GLCs from a period of 1997 to 2009. Using multiple regression analysis the study explores how the debt equity choices of Listed Malaysian Government linked Companies (GLCs) are influenced by the firm
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Determinants of capital structure an empirical study of
The objective is to better explain the choice of the various empirical determinants of capital structure and their links to the different theories. Then we will describe in more depth each empirical determinant that will be used in the empirical study. Capital structure theoriesIndeed firms financing decisions may be influenced by many
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This study examines the factors that potentially affect the financial leverage of listed firms on Vietnamese stock exchanges and identifies the key determinants of the capital structure of these firms. The paper also explores the capital structure theories and how they explain capital structure decisions of firms worldwide and in Vietnam. Based on a sample of 183 non-financial publiclytraded
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Determinants of Capital Structure An Empirical Study of
Oct 16 2017 · Abstract. 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 theory and Pecking Order Theory through the analysis of the predictions of these
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CAPITAL STRUCTURE DETERMINANTS AN EMPIRICAL
empirical studies have been conducted. Some of them which are known to us are Shah Atta and Hijazi (2004) Hijazi Yasir (2006) Attaullah shah safiullah khan (2007) and Jasir ilyas (200X). Shah Atta and Hijazi (2004) conducted the empirical study on determinants of capital structure of stock exchange listed non financial firms of Pakistan.
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Consistent with similar studies it was observed that banks have a target capital structure and adjust to this target at an adjustment speed of 44 . With regard to insurance companies it was observed that the firm-level determinants of capital structure explain insurer leveraging.
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Determinants of capital structure An empirical study of
Jan 18 2011 · The aim of this empirical study is to explore the factors that affect the capital structure of manufacturing firms and to investigate whether the capital structure models derived from Western settings provide convincing explanations for capital structure decisions of the Pakistani firms.
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Capital structure determinants An empirical study
The purpose of this paper is to present empirical evidence on the determinants of capital structure and firm value in a newly industrialized country. The firm characteristics are analyzed as determinants of capital structure according to different explanatory theories. Previous research mainly focused on the determinants of capital structure or the impact of capital structure on company value
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Determinants of capital structuring an empirical study of
To draw conclusion on the main determinants of capital structure and their impact on growth and financing behavior.. To suggest some measures for improvement in capital structure management in textile sector of Pakistan. Vol. 8 No. 2 (Fall 2012) 02 Determinants of Capital Structuring Empirical Study of Growth and Financing Behavior of Firms of
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The determinants of capital structure An empirical study
the capital structure however a conclusive answer has never been found. I will pick multiple determinants that according to earlier research should influence capital structure and research the relation between them and the capital structure of Dutch firms specifically. 2.4 Market timing theory
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Determinants of capital structure an empirical evaluation
May 05 2015 · It was empirically found that size age asset tangibility growth profitability non-debt tax shield business risk uniqueness and ownership structure are significantly correlated with the firm financial leverage or key determinants of capital structure in Indian manufacturing sector.
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Dec 31 2010 · In an attempt to study the determinants of capital structure in Indian scenario and to verify whether any of the above mentioned theories can characterize the Indian corporate financing this paper makes an empirical study of the capital financing pattern of 300 private sector Indian firms for the period 1999‐2008 the period of unprecedented growth of Indian economy.
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An empirical study on the determinants of the capital
Aug 01 1999 · This study presents empirical evidence on the determinants of the capital structure of non-financial firms in 1996. Empirical results imply that the tax effect the signaling effect and the agency costs play a role in financing decisions. Ownership structure also effects financial policy.
Get PricedETERMiNANTS oF CAPiTAL STRUCTURE AN EMPiRiCAL
relationship between capital structure and firm values. The need for insight into the capital dETERMiNANTS oF CAPiTAL STRUCTURE AN EMPiRiCAL STUdY oN ViETNAMESE LiSTEd FiRMS Le Trung Thanh and do Mai Huong Vietnam National University HanoiUniversity of Economics and Business
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To draw conclusion on the main determinants of capital structure and their impact on growth and financing behavior.. To suggest some measures for improvement in capital structure management in textile sector of Pakistan. Vol. 8 No. 2 (Fall 2012) 02 Determinants of Capital Structuring Empirical Study of Growth and Financing Behavior of Firms of
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