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Capital Structure

Capital Structure and Debt Structure

Capital Structure and Debt Structure

... the capital structure as credit quality deteriorates is broadly consistent with models such as Park (2000) that view the existence of priority structure as the optimal solution to manager-creditor ...

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Timing of Earnings and Capital Structure

Timing of Earnings and Capital Structure

... of capital structure o¤ers models (Ross, 1977; Leland and Pyle, 1978) where good quality …rms usually increase leverage to signal ...between capital structure choice/change and future ...

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CORPORATE CAPITAL STRUCTURE PRACTICES

CORPORATE CAPITAL STRUCTURE PRACTICES

... Capital structure of Indian IT industry has undergone tremendous change during 1999-2008. Average debt equity ratio has decreased to 28 percent in 2007-08 from 50 percent in 1998-99. It has decreased ...

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Essays on the Dynamics of Capital Structure

Essays on the Dynamics of Capital Structure

... target capital structure has a significant role in the firm choice of which type of security to issue or ...target capital structure whereas debt issue, equity issue, and equity repurchase are ...

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Capital structure and earnings manipulation

Capital structure and earnings manipulation

... between an investor and an entrepreneur as well as their impact on the entre- preneur’s e¤ort. This is important given that several recent papers analyze the links between …nancing structures and EM (see, for instance, ...

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Securitization and banks’ capital structure

Securitization and banks’ capital structure

... In this traditional banking setting, earlier articles have studied the impact of market conditions and asymmetric information on the optimal financial structure of banks, e. g., Gatev et al. (2009), Gatev and ...

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Determinants of Capital Structure in Pakistan

Determinants of Capital Structure in Pakistan

... management, capital structure is a systematic method for financing the operating activities through equity, debt or combination of the ...the capital arrangement of a ...of capital which is ...

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Essays in bank capital structure

Essays in bank capital structure

... firm capital structure decisions is that firm managers choose a target leverage ratio to which they actively adjust over ...banks’ capital choices. Banks hold the minimum required equity ...

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Rethinking Capital Structure Arbitrage

Rethinking Capital Structure Arbitrage

... Ineffective hedging can reduce the profitability of capital structure arbitrage, as shown by Yu (2006). Our study sheds new light on the role of hedging in CDS and equity markets, although we find that this ...

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Capital Structure Theory: An Overview

Capital Structure Theory: An Overview

... debt capital in the capital structure effect the value of the firm in the Figure ...debt capital increase WACC of the firm declines until the firm reaches the optimal gearing level and cost of ...

6

Timing of Earnings and Capital Structure

Timing of Earnings and Capital Structure

... Abstract. This paper shows that asymmetric information about the timing of earnings can a¤ect corporate capital structure. It sheds some new light on two following questions: why may pro…table …rms be ...

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The capital structure of Hungarian firms

The capital structure of Hungarian firms

... of capital structure has been made fa- mous by a contribution (Modigliani and Miller (1958)) that showed its irrel- evance to the value of the ...rm's capital structure, ...nancial ...

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Capital Structure and Oligarch Ownership

Capital Structure and Oligarch Ownership

... Using comprehensive dataset of Ukrainian public companies from 2002 to 2016, I study the effects of oligarch ownership on corporate capital structures. I identify 35 oligarchic groups, 26 of which are covered by ...

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Impact of Ownership Structure and Corporate Governance on Capital Structure:

Impact of Ownership Structure and Corporate Governance on Capital Structure:

... on capital structure, Huang and Song (2006) do not find statistical significant impact of state ownership on capital ...and capital structure as follows: ...

9

The influence of ownership structure on the capital structure in Dutch firms

The influence of ownership structure on the capital structure in Dutch firms

... Third, the existence of priority shares can distort the relationship between ownership and leverage. This study focusses only on common shares through which shareholders exert power. In the existence of priority shares ...

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The Effects of Ownership Structure and Corporate Governance on Capital Structure

The Effects of Ownership Structure and Corporate Governance on Capital Structure

... about capital structure and company financing can significantly affect various aspects of the company’s future situation, these decisions are very important which directly impact the firm value and ...

7

Optimal Capital Structure and the Term Structure of Interest Rates

Optimal Capital Structure and the Term Structure of Interest Rates

... firm’s capital structure and the term structure of interest rates when we consider interest rates as a priced risk-factor and where the firm issues a single tranche of straight ...in capital ...

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FINANCIAL LEVERAGE AND IT’S IMPACT ON COST OF CAPITAL AND CAPITAL STRUCTURE

FINANCIAL LEVERAGE AND IT’S IMPACT ON COST OF CAPITAL AND CAPITAL STRUCTURE

... and Capital Structure”, have tried to establish that firm sixe is empirically strongly positively related to capital ...dynamic capital structure model can explain the cross-sectional ...

14

The determinants of bank capital structure

The determinants of bank capital structure

... on capital structure: Less risk averse managers chose a more aggressive strategy and higher ...stable capital structures arise from stable asset ...optimal capital structure given a ...

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Complex Ownership and Capital Structure

Complex Ownership and Capital Structure

... the capital structure literature by showing that higher levels of debt in pyramid firms do not play a disciplinary role as they do in stand-alone firms with dispersed ownership structure (Berger et ...

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