Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 9 of 9 for “"Capital Structure Theory"”.
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Capital structure theory and flotation costs: an empirical analysis of utility debt and equity decisions
This research investigates which theory -- an optimal, irrelevance, or modified pecking order -- best explains a firm's capital structure. A sample of 457 debt and equity utility offerings made from 1973-1982 is used in logit regression analysis to test the predictions of the different theories and …
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Industrial revenue bonds: tests of capital structure theory and segmentation of the tax-exempt bond market
… tax shields, a proxy for an interior optimal capital structure, or the risk of the issue. It is consistent, however, with the argument that lRBs provide a subsidy to issuing firms. Miller's [1977] equilibrium model predicts that the tax rate of the marginal buyer of debt will be equal to the …
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An examination of the price reaction to the announcement of bond issues by Johannesburg Stock Exchange listed companies on the Bond Exchange of South Africa
… is examined within the context of contemporary capital structure theory.
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Capital structure and debt maturity choices of firms in developing countries
… and debt maturity levels and the determinants of capital structure and debt maturity of firms in developing countries. We use World Bank Enterprise Survey data covering 10,839 firms in 24 countries located in five regions. The survey provides information about balance sheet and income statements …
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Fluctuations in the supply of credit and its effects on the capital structure of Japanese firms
… of credit and financial constraints affect capital structure. It is one of the first studies to do so and its methodology is inspired by the recent studies of Faulkender & Petersen (2006) and Bougheas et al. (2006). It examines the economy of Japan, a perfect testing ground for this theory …
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Essays in economics and finance
… the corporate finance literature is devoted to capital structure. This literature examines whether firms have a target capital structure, and whether they actively rebalance their capital structure towards a target. Conversion of a convertible bond causes a drop in leverage, which target capital …
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Change in Corporate Debt Levels in South Africa from 1994 to 2016
… consideration when determining the company's capital structure. This study used data from companies, largely from the mining sector, within sectors listed on the Johannesburg Stock Exchange (JSE), including chemicals, general industries, oil and gas. Four different leverage measures were used …
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Change in Corporate debt levels in South Africa from 1994 to 2016
… consideration when determining the company’s capital structure. This study uses data from firms in the Real Estate and REIT, Travel and Leisure and Construction and Materials sectors listed on the Johannesburg Stock Exchange (JSE). Four different leverage measures are used to determine the …
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Evolution of Corporate Leverage on the JSE from 1994 to 2016
… measures and six commonly used determinants of capital structure were varied. Tangibility and growth were negatively related to debt while cost of debt was positively related to debt. Firm size, profitability and corporate tax rate yielded a varied relationship with corporate leverage. Only the …