Determinants of capital structure

Research findings have demonstrated a statistically significant negative correlation between profitability, growth, and liquidity and the capital structure measured by the debt ratio. Although it also decreases with non-debt tax shields, this variable does not have statistical meaning with the dependent variable. Size is the only variable with a positive correlation coefficient, but no statistical significance was found either. The results of the study can help these firms build a reasonable capital structure to enhance their intrinsic value.

15p leminhvu111 07-06-2024 1 0   Download

This study aims to analyze the simultaneous relationship between supply chain strategy and profitability. This study will also analyze the effect of capital structure and profitability on firm value based on the supply chain strategy. Furthermore, it will analyze the factors that influence capital structure, profitability and firm value in manufacturing companies in Indonesia.

13p longtimenosee09 08-04-2024 2 0   Download

With the advancement of information and communication technologies, supply chain integration has been considered a strategic tool for firms to improve their competitiveness. The supply chain integration within processes and between organizations has enhanced value creation. The purpose of this study was to determine the effect of profitability ratios, capital structure, exchange rates, interest rates, inflation on the value of manufacturing companies listed on the Indonesia stock exchange in 2008- 2017 based on the supply chain management.

5p longtimenosee06 27-03-2024 5 1   Download

Supply chain performance of a company is determined by its strategic resources. These resources may exist in the form of physical, human and structural resources. Despite many studies on these resources carried out in the past, structural resource, an element of intellectual capital, is yet to be further explored, particularly in the supply chain of the service sector. Hence, the main aim of this paper is to determine the impact of the structural capital on the Life Insurance Agency performance in Malaysia.

7p longtimenosee06 27-03-2024 6 2   Download

The study aims to identify the capital structure determinants in the presence of the supply chain of the listed construction firms in Vietnam. The determinants of capital structure are factors affecting firm financial leverage, including firm profitability, size, growth rate, fixed assets, liquidity, interest coverage and state ownership along with the supply chain activities.

7p longtimenosee06 27-03-2024 5 2   Download

Ebook "CIMA official terminology: The chartered institute of management accountants (2005 edition)" clarifies the language of business to CIMA members and other professional accountants and is a useful glossary for CIMA students. It provides insight into current business techniques and practices for academic researchers. All the revisions in this extensively updated edition are based on the experiences of real management accountants, guaranteeing that each term accurately reflects what is happening in today's business world.

123p tuongnhuoclan 28-11-2023 10 4   Download

Part 1 book "Economics of developing countries" includes content: WTO agriculture negotiations and developing countries; volatility of short term capital flows and socio political instability in developing countries; administrative quality, structural reforms and capital accumulation in developing countries, determinants of child health in developing countries.

261p oursky01 24-07-2023 3 2   Download

his paper investigates the effect of family ownership on capital structure to see the differences in financing behaviours between family and non-family firms. Panel regression models have been applied on a dataset of Vietnamese non-financial listed firms in the period of 2007 to 2017. The study reveals that family firms tend to have higher debt ratios than its counterpart and they present different effects of determinant factors on corporate leverage ratios.

12p nhanchienthien 25-07-2023 6 4   Download

The purpose of determination of optimal capital structure is to reach the firm value maximization . Optimal capital structure relates to specific level of capital structure which results in the maximization of firm value. This study has applied the Cost-of-Capital Approach (COC Approach) with the aim of construction of optimal capital structure for the business Nhon Trach 2 Petroleum Power Joint Stock Company. The purpose of this study is to lay the foundation for the reaching optimal capital structure for listed power joint stock companies in the Vietnam security market.

6p nhanchienthien 25-07-2023 12 5   Download

In the limitation of the study "Application of cost-of-capital approach for determination of optimal capital structure in Nhon Trach 2 petroleum power joint stock company", the author used the Cost-of-Capital (COC) Approach with the aim of construction of optimal capital structure for the business Nhon Trach 2 Petroleum Power Joint Stock Company. The purpose of this study is to lay the foundation for the reaching optimal capital structure for listed power joint stock companies in the Vietnam security market

6p nhanchienthien 25-07-2023 6 5   Download

The study aims to identify the capital structure determinants of the listed construction firms in Vietnam. The determinants of capital structure are factors affecting firm financial leverage, including firm profitability, size, growth rate, fixed assets, liquidity, interest coverage and state ownership. The study is based on a data of 74 listed construction firms in the Hanoi and Ho Chi Minh Stock Exchange over the period 2014-2018. It is found that listed construction firms in Vietnam have high level of financial leverage and mainly rely on short-term debts.

15p nhanchienthien 25-07-2023 8 5   Download

Continued part 1, part 2 of ebook "Advances in quantitative analysis of finance and accounting (Volume 6)" has presents the following content: intraday volume — volatility relation of the DOW - a behavioral interpretation; the pricing of initial public offerings - an option approach; determinants of winner–loser effects in national stock markets; earnings management in corporate voting - evidence from antitakeover charter amendments; deterministic portfolio selection models, selection bias, and an unlikely hero;...

137p dieptieuung 20-07-2023 8 2   Download

Ebook Finance - Capital Markets, Financial Management, and Investment Management: Part 1 presents the following content: What Is Finance; Mathematics of Finance; Basics of Financial Analysis; The Financial System; Interest Rate Determination and the Structure of Interest Rates; Basics of Derivatives;...Please refer to the documentation for more details.

394p trankora06 19-07-2023 17 5   Download

The thesis "Impact of capital structure on performance of listed material manufacturing enterprises in Vietnam" aims to determine the impact and degree of impact of capital structure on the performance of listed material manufacturing enterprises in Vietnam from 2012-2021.

127p phuong10693 19-06-2023 6 4   Download

This thesis examines the capital structure choice of Australian firms with an emphasis on the impact of market timing and liquidity considering 1438 available firms for the period, 1997 to 2005. The relationship between capital structure and its determinants is the main focus of this thesis, with four empirical analyses. These analyses are all conducted within the Baker and Wurgler (2002) and Hovakimian (2006) models with both pooled ordinary least squares (OLS) and fixed effect panel analysis.

211p runthenight04 02-02-2023 5 1   Download

This study investigates factors associated with the capital structure of pharmaceutical companies listed on Vietnam stock exchanges using secondary data from financial statements, annual reports, and management reports published from 2010 to 2019. We focus on firm characteristics (profitability, growth opportunity, tangible assets, liquidity, firm size and firm age) and corporate governance (pluralist executives). We find that profitability, tangible assets, and liquidity have negative correlations with debt ratio.

10p alucardhellsing 04-05-2022 16 1   Download

This paper investigates the determinants of capital structure of business start- ups utilizing simultaneously a survey of business owners’ characteristics and data collected from financial reports submitted to the taxation authorities of 268 newly established enterprises in Hanoi. The results have indicated that most of the hypotheses are accepted and consistent with relevant theoretical models.

11p vihassoplattner 07-01-2022 14 3   Download

Lecture Engineering Economy (8e): Chapter 17. After completing this section, you will understand knowledge about: terminology and rates; marginal tax tables; determining cash flows before taxes(CFBT) and after taxes (CFAT); effects of depreciation on taxes; depreciation recapture and capital gains; performing an after-tax analysis; performing after-tax replacement studies; economic value-added analysis; tax structures outside the United States;...

26p bachkhinhdaluu 03-12-2021 15 3   Download

Using panel data of 34 microfinance institutions in period of 5 years (2011-2015), this study is aimed to investigate the determinants of the Operational Self-Sustainability (OSS) of Vietnamese microfinance institutions. Therefore, to be more sustainable, MFIs should focus on its professionality and increase its equity. Other recommendations are proposed to related stakeholders for the enabling ecosystem for microfinance development - one important tool in poverty reduction and economic development.

17p huyetthienthan 23-11-2021 22 2   Download

The purpose of this paper is to investigate whether there are any factors influencing the capital structure of a company. In order to do that, the authors employed a fixed effect panel regression estimation developed in 2004 by Shah and Hijazi that will indicate whether there are positive and negative impacts of such factors on firm’s capital structure.

16p viuchinaga2711 21-10-2021 9 2   Download