This paper investigates the capital structure determinants of listed firms in india the determinants of capital structure of 2439 non-banking and non-finance listed firms in india covering a period of 10 years, 2007 – 2017 are. The work focuses on the analysis of the determinants of capital structure of companies and evaluates the explanatory capacity of the major theoretical perspectives, namely, the trade -off theory, the pecking order theory, the agency costs theory, and the market timing theory. Concluded that profitability was the main determinant of capital structure decisions in listed insurance companies 81% of capital structure decision was explained by the size of the firm while 98% of the investment decisions were explained by profitability. Consequently this affects the value of the firm also, it is important to examine the capital structure of companies because it affects company’s real decisions about employment, production, and investment (harris and.
Determinants of capital structure of listed oil marketing companies in ghana capital structure decisions are the most crucial decisions taken by corporate organizations, as these decisions have massive impact on the overall cost of capital weighted average and the resultant profitability and market value of shares. This paper investigates the capital structure of listed firms in saudi arabia, using firm specific data to study the determinants of leverage the study is based on an analysis of the capital structure of 93 saudi listed companies the study extends from 2000 to 2010 and employs cross-sectional pool. Using multiple regression model, data was run into stepwise regression to 41 find the determinants of capital structure decisions in tanzanian non-financial listed companies the data collected from the financial statements for the four years 2006-2009. Literatures on capital structure determinants focus on manufacturing firms nevertheless, the existing knowledge of the concept is the key element in framing the further research on the topic.
The study assessed the determinants of capital structure in nigerian chemical and paints companies listed in nigeria, for a period of five years from 2005 to 2009 the study employed secondary data from the annual reports. Study on determinants of capital structure in financial industry is conducted the results show that profitability, firm size, non-debt tax shields, earnings volatility and non-circulating shares are significant influence factors in financial sector moreover, firm size is positively related to the corporate leverage ratio. To examine the determinants of capital structure of companies listed on the zimbabwe stock exchange during the multicurrency regime 2 literature review 21 theoretical literature review various theories have been proposed in an attempt to understand capital structure decisions of firms in both.
Abstract the study is focused on the analysis of the determinants of capital structure of nigeria companies for 2013 the cross-sectional least squares regression is applied to determine the impact of two independent variables on debt ratio. The determinants of capital structure: evidence from chinese listed companies jian chen1, and roger strange2 1business school, the university of greenwich, se1 9nh, london, greenwich, uk 2department of management, king’s college london, 150 stamford street, se1 9nn, london. The purpose of this article is to analyze the determinants of capital structure of mace- donian listed companies and unlisted companies (pollog region), in the light of the static trade-off theory, pecking order theory and agency cost theory.
This paper reports the results of an investigation of financial managers' perceptions of the broad determinants of listed australian company capital structure decisions. The determinants of capital structure: an empirical investigation of malaysian listed government linked companies 931 (eg, a co-operative, voting trust, or non-single dominant investor group. Capital structure determinants for chinese real estate listed companies this empirical study uses a data set of both market and accounting data in time period of 2003-2007 for real estate companies listed in shanghai and shenzhen stock exchanges the source.
This paper attempts to explain the capital structure decision and its determinants in listed companies of saudi arabia one of the main characteristics of the saudi financial market environment is the absence of. Determinants of capital structure in pakistan” capital structure refers to the combination of asset financing from different available sources normally the companies have two choices, either to finance the assets from internal source that is termed as retained earnings or from external source that splits into debt and equity. This paper investigates capital structure determinants of new zealand-listed firms this study is an extension from previous studies conducted by boyle and eckhold (1997) and, wellalage. Keywords: capital structure, leverage, determinants of capital structure, debt, trade-off theory, pecking order theory 10 introduction in finance the capital structure is the most debatable topic and continues to keep researchers pondering capital structure refers to the mix of debt and equity used by a.
Associated with the capital structure determinants of listed companies in cse under the banks finance & insurance sector, during the period of 2008 - 2012 specifically, the study is designed 1 to show how the banks finance & insurance companies finance their business operation in sri lanka,. Thesis paper: determinants of capital structure of chinese-listed companies 89 pages thesis paper: determinants of capital structure of chinese-listed companies uploaded by iqbal mahmud polash download with google download with facebook or download with email. In this paper, an attempt has been made to examine the determinants of capital structure -size, business risk, growth rate, earning rate, dividend payout, debt service capacity, and degree of operating leverage-of the companies listed to nepal stock exchange ltd as of july 16, 2003. 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 we also investigate how firm-specific factors such as profitability, firm size, tangibility of assets and depreciation to total.