The determinants of capital structure: Evidence from SAARC countries
Capital structure is considered one of the most debatable and controversial subjects in corporate finance. However, little is known about capital structure determinants of firms in the South Asian region. This study attempts to address the gap by not only investigate the impact of firm and country-s...
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| Định dạng: | Journal Article |
| Ngôn ngữ: | English |
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John Wiley and Sons Ltd.
2020
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| Truy cập trực tuyến: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85090578877&doi=10.1002%2fijfe.2132&partnerID=40&md5=80f1ed2c94b448b929acfe24ea4ab89f http://digital.lib.ueh.edu.vn/handle/UEH/60947 https://doi.org/10.1002/ijfe.2132 |
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oai:localhost:UEH-609472021-08-18T02:04:57Z The determinants of capital structure: Evidence from SAARC countries Shahzad, A. Azeem, M. Nazir, M.S. Vo, X.V. Linh, N.T.M. GDP growth Liquidity Market capitalization Pecking order theory Profitability SAARC Size South Asia Tangibility Trade-off theory Capital structure is considered one of the most debatable and controversial subjects in corporate finance. However, little is known about capital structure determinants of firms in the South Asian region. This study attempts to address the gap by not only investigate the impact of firm and country-specific factors on firms' capital structure across the South Asian Association for Regional Cooperation (SAARC) region but also offer a cross-country comparison. Results reveal significant relationships between tangibility, profitability, liquidity, firm size, stock market development, economic growth and firm leverage, suggesting that firms in the region are more likely to make their capital structure decisions following pecking order theory. We also find significant differences across countries and debt maturities. 2020-12-09T07:01:11Z 2020-12-09T07:01:11Z 2020 Journal Article 1076-9307 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85090578877&doi=10.1002%2fijfe.2132&partnerID=40&md5=80f1ed2c94b448b929acfe24ea4ab89f http://digital.lib.ueh.edu.vn/handle/UEH/60947 https://doi.org/10.1002/ijfe.2132 en International Journal of Finance and Economics none Portable Document Format (PDF) John Wiley and Sons Ltd. |
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Đại học Kinh tế Thành phố Hồ Chí Minh |
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DSpaceUEH |
| language |
English |
| topic |
GDP growth Liquidity Market capitalization Pecking order theory Profitability SAARC Size South Asia Tangibility Trade-off theory |
| spellingShingle |
GDP growth Liquidity Market capitalization Pecking order theory Profitability SAARC Size South Asia Tangibility Trade-off theory Shahzad, A. The determinants of capital structure: Evidence from SAARC countries |
| description |
Capital structure is considered one of the most debatable and controversial subjects in corporate finance. However, little is known about capital structure determinants of firms in the South Asian region. This study attempts to address the gap by not only investigate the impact of firm and country-specific factors on firms' capital structure across the South Asian Association for Regional Cooperation (SAARC) region but also offer a cross-country comparison. Results reveal significant relationships between tangibility, profitability, liquidity, firm size, stock market development, economic growth and firm leverage, suggesting that firms in the region are more likely to make their capital structure decisions following pecking order theory. We also find significant differences across countries and debt maturities. |
| author2 |
Azeem, M. |
| author_facet |
Azeem, M. Shahzad, A. |
| format |
Journal Article |
| author |
Shahzad, A. |
| author_sort |
Shahzad, A. |
| title |
The determinants of capital structure: Evidence from SAARC countries |
| title_short |
The determinants of capital structure: Evidence from SAARC countries |
| title_full |
The determinants of capital structure: Evidence from SAARC countries |
| title_fullStr |
The determinants of capital structure: Evidence from SAARC countries |
| title_full_unstemmed |
The determinants of capital structure: Evidence from SAARC countries |
| title_sort |
determinants of capital structure: evidence from saarc countries |
| publisher |
John Wiley and Sons Ltd. |
| publishDate |
2020 |
| url |
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85090578877&doi=10.1002%2fijfe.2132&partnerID=40&md5=80f1ed2c94b448b929acfe24ea4ab89f http://digital.lib.ueh.edu.vn/handle/UEH/60947 https://doi.org/10.1002/ijfe.2132 |
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AT shahzada thedeterminantsofcapitalstructureevidencefromsaarccountries AT shahzada determinantsofcapitalstructureevidencefromsaarccountries |
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1810057560496013312 |