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This paper examines the relative importance of many factors in the capital structure decisions of publicly traded American firms from 1950 to 2003. The most reliable factors for explaining market leverage are: median industry leverage (+ effect on leverage), market-to-book assets ratio (−), tangibility (+), profits (−), log of assets ...
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This paper contributes to our understanding of capital...
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16 lip 2015 · This article examines the international determinants of capital structure using a large sample of firms from 37 countries. The reliable determinants for leverage are firm size, tangibility, industry leverage, profits, and inflation.
Rajan and Zingales (1995) examine the Group of 7 (G-7, comprising. Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) countries and report that the dominant factors are market-to-book ratio, tangibility, profits, and firm size.
This study contributes to our understanding of capital structure in several ways. First, starting with a long list of factors from the prior literature we examine which factors are reliably signed, and reliably important, for predicting leverage. Second, there is good reason to suspect that pattern
Özde Öztekin∗. Abstract. This article examines the international determinants of capital structure using a large sam-ple of firms from 37 countries. The reliable determinants for leverage are firm size, tan-gibility, industry leverage, profits, and inflation.
Capital Structure Decisions around the World: Which Factors Are Reliably Important? Important?* Özde Öztekin1. 1 College of Business, Florida International University, FL 33199, USA (305) 348-4245. ooztekin@fiu.edu. March 2013. Abstract. xamines the international det. rom 37 counties. The reliable determinants.
The most reliable. factors are median industry leverage (+ effect on leverage), market-to-book ratio. (-), tangibility (+), profits (-), log of assets (+), and expected inflation (+)....
