[PDF] Top 20 DETERMINANTS OF CAPITAL STRUCTURE: EVIDENCE FROM TANZANIA’S LISTED NON FINANCIAL COMPANIES

... profitable companies in ...in companies. The determinants of the capital structure decisions should be a guide to the companies on how to choose and adjust their strategic ... See full document

... the determinants of capital ...the capital of ...the non- aligned behaviour from the managers (Armada, Nunes and Serrasqueiro, 2011; Degryse, de Goeij and Kappert, 2012; Mahajan and ... See full document

... of capital structure decisions in the Sri Lankan ...the determinants of the capital structure of 15 Sri Lankan hotels and restaurant companies from 2008 to 2012, and the ... See full document

... The structure of assets as a determination of how much the allocation of funds for each component of the asset, both in current assets and fixed ...asset structure also describes some of the assets owned by ... See full document

... previous evidence, the values of variables EVO, EVS, NDTS_1, SIZE_1, SIZE_2 and MBR are higher while the values of NDTS_2, TAX, FCF, LIQ, UNIR, PROF and ... See full document

... the determinants of capital structure of firms was the static trade off ...benefit from the tax shield outweighs the costs related to debt (Tongkong, ...of financial slack (Chen, ... See full document

... Empirical evidence from the listed companies suggests a negative relationship between risk and leverage (Booth et al., 2001; Pandey, 2001; Fama and French, 2002; Drobez and Fix, 2003; Akhtar ... See full document

... affecting capital structure choices of ...drawn from the studies include the negative levels of debt to “uniqueness” of a firm’s line of ...like non-debt tax shields, volatility, collateral ... See full document

... of capital structure as companies were allowed to outreach external finance by issuing and trading ...sophisticated financial instruments, corporate transparency and a regulatory and ... See full document

... Capital structure theories have been subjected to extensive empirical testing in the context of developed economies, particularly the United ...the determinants of leverage in the context of ... See full document

... firm’s capital structure provided the foundation for an understanding of the distinctness between leveraged and unleveraged companies values, which in- creased the interest on the study of ... See full document

... to capital structure literature have been discussed in the previous ...firm-specific determinants of capital ...all determinants examined in literature are included in this ...important ... See full document

... making capital structure independent from a company’s ...market, capital structure becomes an important determinant of a company’s ...debt from taxes paid on earnings (Modigliani ... See full document

... that capital structure determinants are more or less comparable across America and European ...that capital structure has weak-to-no influence of the financial performance of ... See full document

... paper, capital structure has become a puzzle where the pieces do not ...right capital structure is a difficult decision for ...asset structure, non-debt tax shields, growth, ... See full document

... now, capital structure always plays an vital role in any kinds of ...firm. Capital structure is the way a firm can use many sources of fund to finance its operation and ...working ... See full document

... investigate capital structure of Chinese listed compa- nies ...far from reaching a well-accepted conclusion, prompting a necessity to extend our knowledge of Chinese financing behaviors using ... See full document

... of capital structure, the issue of capital structure still remains a puzzle (Harris and Raviv, 1991; Swanson et ...that capital structure affects the value of firms and ... See full document

... of financial distress are closely related to agency ...over financial solutions of company's executives and owners by including into agreements con- ditions protecting their interests and restricting ... See full document

... of capital structure appeared in 1958, when Franco Modigliani and Merton Miller proposed the M&M irrelevance ...a capital market with perfect information, no taxes and bankruptcy costs, the ... See full document