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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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Chętnie wyświetlilibyśmy opis, ale witryna, którą oglądasz,...
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Alexander the Great, King of Macedonia, famously said, “I am...
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Chętnie wyświetlilibyśmy opis, ale witryna, którą oglądasz,...
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Theories of capital structure make specific predictions about the influence of factors such as bankruptcy costs, agency costs, transaction costs, and infor- mation asymmetry costs on firms' capital structures.
24 lip 2004 · The most reliable factors are median industry leverage (+ effect on leverage), market-to-book ratio (-), tangibility (+), profits (-), log of assets (+), and expected inflation (+). Industry subsumes a number of smaller effects.
10 paź 2007 · The most reliable factors for explaining market leverage are: median industry leverage (+ effect on leverage), market-to-book assets ratio (−), tangibility (+), profits (−),...
10 paź 2007 · The most reliable factors for explaining market leverage are: median industry leverage (p effect on leverage), market-to-book assets ratio ( - ), tangibility (p), profits ( - ), log of assets (p), and expected inflation (p). In addition, we find that dividend-paying firms tend to have lower leverage.
The most reliable. factors are median industry leverage (+ effect on leverage), market-to-book ratio. (-), tangibility (+), profits (-), log of assets (+), and expected inflation (+). Industry....
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.