2 edition of determinants of financial structure found in the catalog.
determinants of financial structure
Raymond William Goldsmith
|Statement||[by] Raymond W. Goldsmith.|
|LC Classifications||HC79.W4 G6|
|The Physical Object|
|Number of Pages||58|
|LC Control Number||66067368|
The factors influencing the capital structure (or determinants of capital structure) are discussed as follows. Financial Leverage or Trading on Equity: The use of long term fixed interest bearing debt and preference share capital along with equity share capital is called financial leverage or trading on s of leverage on the shareholders return or . This paper aims to analyze the influencing factors on the financial structure of 51 companies listed on the New York Stock Exchange, in the technology industry, from – The objective is to see the impact of independent company-specific variables such as company size, tangibility of assets, growth opportunity, effective tax rate, current liquidity, depreciation, stock rotation Author: Georgeta Vintilă, Ştefan Cristian Gherghina, Diana Alexandra Toader.
The model of the determinants of financial structure combines the usual Static-Trade-off Theory and Pecking Order Theory which are deeply rooted in Modigliani and Miller () and (). Determinants of capital structure and firm financial performance-A PLS-SEM approach: Evidence from Malaysia and Indonesia. Quarterly Review of Economics and Finance – [Google Scholar] Ross, Stephen A. The Determination of Financial Structure: The Incentive-Signalling Approach. The Bell Journal of Economics 8: 23–Author: Georgeta Vintilă, Ştefan Cristian Gherghina, Diana Alexandra Toader.
Determinants of financial structure 1. Research Journal of Finance and Accounting ISSN (Paper) ISSN (Online) Vol.5, No, Determinants of Financial Structure: Evidence from Nigerian Quoted Firms Atseye Fidelis Anake1* Edim Ndifon Obim2 Eke, Felix Awara3 ment Technical College Mayne . tax. Given the unique financial features of small and medium enterprises depending on the environment in which they operate, there are strong grounds for a separate study in financial structure determinants of small and medium enterprises. One of the paradoxes of modern management is the technical and social change which is so pervasive.
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Definition: A market structure can be understood as a system for categorising the products and services offered by the firms, according to the nature and level of competition in the market.A ‘market’ in economics is an actual or virtual area where sellers and buyers communicate to carry out trade activities is known as a market in economic terms.
CHAPTER 5 Interest Rate Determination and the Structure of Interest Rates Market participants make financing and investing decisions in a dynamic financial environment. They must understand the economy, the - Selection from Finance: Capital Markets, Financial Management, and Investment Management [Book].
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The Determinants of Financial Structure Hardcover – January 1, by Raymond W. Goldsmith (Author) See all formats and editions Hide other formats and editions. Price New from Used from Hardcover "Please retry" — Author: Raymond W. Goldsmith. Regressing book leverage on the standard corporate finance determinants of capital structure produces estimated coefficients that are all significant at the 1% level.
Again all coefficients have the same sign as in studies of non-financial firms and as the largest non-financial firms reported in the last column.
14Cited by: their determinants are then analyzed by the use of cross section econometric models. First, the paper analyzes the financial determinants for external determinants of financial structure book and then it proceeds into the specific analysis of two main determinants of financial structure book, bank debt and trade credit.
Next, the research analyzes the determinants of the maturity structure of this Size: KB. Originality/value Despite that most previous studies investigated the determinants of the capital structure of financial conventional industries, research on Islamic banking is almost non-existent.
The Determinants of Financial Structure: New Insights from Business Start-Ups European Financial Management, Vol. 13, No. 1, pp.January Number of pages: 33 Posted: 08 Jan Cited by: 2.
The determinants of financial structure in Cameroon. Financial structure refers to the composition of the financial resources of a company, the weight and the balance between its own resources, and its by: 3.
Determinants of Financial Structure: a New Methodological Approach MICHAEL G. FERRI and WESLEY H. JONES* I. Introduction THE ASSOCIATION BETWEEN A firm's financial structure and its operating char-acteristics-its industrial classification and its size, among others-took on added importance as a result of the debate, started by Modigliani and.
financial performance: (2) nonfinancial explanatory factors. Financial performance vari-ables include widely-used measures embracing levels, growth and variability in profit (typically related to assets, investment or owner's equity) as well as such measures as market value, assets, equity, cash flow, sales and market/book value.
Nonfinancial ex. Based on a sample of listed firms over the perioda two-stage least squares regression is used to test the determinants of capital structure, while Author: Natalya Delcoure.
This paper examines which determinants of bank capital structure are reliably decisive for 15 publicly traded European and American banks from to Common factors of leverage such as Pro t, Size, Growth, Risk, Asset Structure and Interest Rate are used and additionally, a systematic risk proxy FinancialAuthor: Oscar Klingstedt, Oscar Lager.
Therefore, this paper analyses the determinants of financial structure, taking into cognisance the peculiarities of the under developed Nigerian financial market. Review of Related Literature. He also encountered some limitations in the data since it was difficult for him to separate the short term debt determinants and the long term debts determinants.
Nelson Vergas et al () carried out a research on the determinants of the capital structure of the listed companies in Portugal using non- financial companies. Most capital structure theories argue that the type of assets owned by a firm in some way affects its capital structure choice.
Scott 33 suggests that, by selling secured debt, firms increase the value of their equity by expropriating wealth from their existing unsecured creditors. 3 3 SeeSmith and Warner 35 for a comment on Scott's by: Determinants of board structure for small, medium, and large firms.
The table reports results from regressing board size and board independence on various firm characteristics for small, medium, and large firms. We form our size groupings by ranking the sample firms into quintiles based on their market value of equity each by: Determinants of Capital Structure.
Abstract Decision on capital composition is a crucial decision for firms as it has major financial and profitability implications. The objective of this paper is to identify the determinants of capital structure and discuss the key theories on capital structure.
Determinants of Financial Structure: a New Methodological Approach. MICHAEL G. FERRI. Assistant Professors of Business Administration, University of Kentucky Lexington, for more papers by this author. WESLEY H. by: maximizes the value of th e company as well as the determinants that influence this great structure.
This work enabled enriching theoretical developments of the literature on capital structure, arousing intense debate in corporate financial management in the last five Size: 1MB.
Şak () who examined the determinants of capital structure of banks in Turkey over the period found size and market to book value have positive impact; whereas tangibility and profitability have negative impacts on the book leverage in all periods.
Çağlayan and Şak.financial distress and non-debt tax shield effects are the determinants of capital structure for the IT firms in the United States. The study concludes that debt is preferred in the capital structure of firms in the IT sector of the United States.
Keywords: total debt ratio (TDR), long-term debt ratioFile Size: KB.no / SePTeMBer The deTerMinanTS of Bank caPiTal STrucTure empirical corporate finance literature that has at length examined the capital structure of non-1 The ratio of book equity to book assets is an understatement variables that are reliably related to the capital structure of non-financial firms (for example Titman and.