Theoretical and Practical Review of Capital Structure and its Determinants
نویسنده
چکیده
Capital structure is the mixture of debt and equity financing. Its choice and determinants related to many different factors. This thesis firstly present several traditional theories discussed on capital structure, such as trade-off theory, agency cost theory and theory of pecking-order. Then the paper concluded seven determined factors from practical aspects and discussed on the correlations among these factors and the choice of capital structure.
منابع مشابه
The Determinants of Banks’ Capital Structure: The case of Iran
The capital structure and regulation of financial intermediary firms are important topics for regulators and academic researchers. In general, theory predicts that firms choose their capital structures by balancing the benefits of debt against its costs. The purpose of this paper is to analyze capital structure as a function of bank's specific variable factors. It examines the relationship ...
متن کاملSome Determinants of Corporate Financing Decisions: Evidence from the Listed Companies in Tehran Stock Exchange
The aim of this empirical study is to explore the trade-off model and pecking order model of capital structure. The investigation is performed using panel data procedures for a sample of 76 firms listed in Tehran Stock Exchange during 2007-2010.The study employs OLS regression model in examining the capital structure of firms in Iran. The study employs variables reflecting differing theoretical...
متن کاملThe determinants of capital structure across firms’ sizes: The U.K evidence
This paper explores the leverage determinants across firms’ sizesbased on the two main theories behind the capital structure, the trade-offand the pecking order theories. A panel data is sued to find therelationship between capital structure and the variables that proxy forbenefits and costs of debt during 1990 to 2006. Our findings show thatboth principles help to explain the capital structure...
متن کاملLiterary Analysis in the Shadow of the Critique of New-Historicism A Critical Review of Literary Analysis: The Basics
Abstract Hossein Payandeh translated Literary Analysis: The Basics in to Farsi on 1396, by that time the original book had been on the market for 8 months. This book includes theoretical discussions and practical evidence on theory, literary criticism, and their relation to literary analysis. Although the author has presented his analysis in three distinct chapters and in the form of three met...
متن کاملSustainability of Iranian Banks: Role of Financial and Non-Financial Determinants
This study aimed to investigate the role of financial and non-financial determinants of the sustainability of Iranian banks. Accordingly, the sustainability score of 27 public and private Iranian banks were evaluated in 2017 by employing a sustainability model. The model was developed by the acquisition of sustainability codes, themes, and categories in the banking industry through Meta Synthes...
متن کامل