Determinants Of Capital Structure Literature Review

The results of pooled ols regressions show that profitability size growth risk and tangibility variables have significant influence on all types of debt.

Determinants of capital structure literature review. Harris and raviv 1991. Evidence from commercial banks in ethiopia submitted by me for the award of the degree of master of science in finance and investment of mekelle university. Determinants of capital structure. Literature on the determinants of capi.

3 3 seesmith and warner 35 for a comment on scott s model. This paper is divided into three sections. Determinants of capital structure. Scott 33 suggests that by selling secured debt firms increase the value of their equity by expropriating wealth from their existing unsecured creditors.

First we provide a quantitative literature review aggregating various determinants of capital structure. Among very few review papers on capital structure research to the best of authors knowledge. Determinants of capital structure an empirical evidence us by ra the university of lahore pakistan. This study presents a literature review on determinants of capital structure conducted by the researchers in india and abroad for the period 2000 to 2015.

In section 1 the researcher reviews capital structure determinants of international studies. Review of related literature. Pandey 2001 examined the determinants of capital structure of malaysian companies utilizing data from 1984 to 1999. Compared to traditional qualitative summaries on the capital structure determinants.

The present article seeks to unravel the evolution of capital structure theory from both. Capital structure choice for both listed and non listed firms. Most capital structure theories argue that the type of assets owned by a firm in some way affects its capital structure choice. Abstract this paper develops a study on identifying the most significant determinants of capital structure of 15 firms listed on the s p 500 index new york stock exchange using panel data over 5 years period from 2010 to 2014.

2 the literature on firms leverage i has converged on a number of standard variables that are reliably related to the capital structure of non financial firms for example titman and wessels 1988. Evidence from pakistani manufacturing companies 2 journal of banking and finance management v1 i3 2018 literature review a review of literature is considered as the research pillar and linked to the topic of the. The determinants of capital structure.