Empirical Analysis of the Capital Structure Determinants

Abubakr Saeed

ISBN 10: 3838309863 / ISBN 13: 9783838309866

Published by LAP LAMBERT Academic Publishing Mai 2010, 2010

About this Item

Neuware -Capital structure theory is one of the most bewildering issues in the corporate finance literature. Capital structure theories suggest various factors that affect firm to maintain a target capital structure in order to maximize firm value, by minimizing the costs of prevailing market imperfections. Subsequent to the departures from Modigliani and Miller (1958)¿s irrelevance proposition, there is a long tradition in corporate finance to investigate the capital structure determinants of firms. Most capital structure studies based on these theories to date uses data from economies that have developed financial markets or approaching higher stages of transition, i.e. China and India. Less developed market and particular specific industry is rare in literacy sphere. This book analyzes the explanatory power of some predominant theories that have been proposed in the literature to explain determinants of capital structures across firms. In particular, this study investigates the capital structure determinants of Pakistani firms based on a panel data set from 2001 to 2005.Books on Demand GmbH, Überseering 33, 22297 Hamburg 64 pp. Englisch.

Seller Inventory # 9783838309866

Bibliographic Details

• Title: Empirical Analysis of the Capital Structure Determinants
• Publisher: LAP LAMBERT Academic Publishing Mai 2010
• Publication Date: 2010
• Language: English
• ISBN 10: 3838309863
• ISBN 13: 9783838309866
• Binding: Taschenbuch
• Condition: Neu

About this title

Synopsis

Capital structure theory is one of the most bewildering issues in the corporate finance literature. Capital structure theories suggest various factors that affect firm to maintain a target capital structure in order to maximize firm value, by minimizing the costs of prevailing market imperfections. Subsequent to the departures from Modigliani and Miller (1958)¿s irrelevance proposition, there is a long tradition in corporate finance to investigate the capital structure determinants of firms. Most capital structure studies based on these theories to date uses data from economies that have developed financial markets or approaching higher stages of transition, i.e. China and India. Less developed market and particular specific industry is rare in literacy sphere. This book analyzes the explanatory power of some predominant theories that have been proposed in the literature to explain determinants of capital structures across firms. In particular, this study investigates the capital structure determinants of Pakistani firms based on a panel data set from 2001 to 2005.

About the Author

Abubakr Saeed, MBA: Studied Business Administration at Blekinge Tekniska Högskola, Sweden.