Working Paper Series in Finance 99/01 THEORY AND EVIDENCE ON THE RELATIONSHIP BETWEEN OWNERSHIP STRUCTURE AND CAPITAL STRUCTURE
نویسندگان
چکیده
The working paper series is for manuscripts in draft form. Comments are welcome and should be sent to the contact author. Please do not quote without permission.
منابع مشابه
The 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 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 کاملبررسی رابطۀ میان ساختار بازار و ساختار سرمایه در بورس اوراق بهادار تهران
In recent years, financial economists have increasingly recognized the interaction between market structure and capital structure or financial decisions of the firms. This research analyzes the relationship between market structure (power) and the capital structure (leverage ratio) of listed companies in Tehran Stock Exchange (TSE) based on static and dynamic approach. In this research we s...
متن کاملInvestigating the Export Barriers of Honey in Iran Using DEMATEL Method
The rapid world economic growth have stimulated the businesses towards involvement in international marketplaces due to their low business risks, low commitment of resources and high flexibility. However, the evidence indicates barriers to export are thought to vary across different stages of internationalization. Therefore, this empirical study was carried out to explore export barriers of agr...
متن کاملSubstitutional Discipline of Option and Debt: Theory and Evidence from CEO Equity Holding, Capital Structure and Executive Compensation
I develop a principal-agent model to analyze the interaction among CEO’s equity holding portfolio, firm’s capital structure and executive compensation contract. Unlike a strand of literatures in corporate finance investigating only capital structure and compensation contract, this paper asks the question whether executive’s equity option holding and firm’s financial leverage jointly affect mana...
متن کامل