Al-Najjar, Basil (2011) Empirical Modelling of Capital Structure. Journal of Emerging Market Finance, 10 (1). pp. 1-19. ISSN 0972-6527
Metadata only available from this repository.Abstract
This article provides evidence about the determinants of capital structure in developing countries through studying non-financial Jordanian firms. We detect that capital structure choice in Jordan is influenced by similar set of factors suggested in the developed markets, namely, institutional ownership, profitability, business risk, asset tangibility, asset liquidity, market-to-book and firm size. The findings are consistent with the related studies in both developed and developing countries. In addition, we report that Jordanian firms have target capital structure ratios and that they adjust relatively quickly to their targets.
Item Type: | Article |
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Uncontrolled Keywords: | Capital structure, target, determinants, panel data, partial adjustment model |
Subjects: | H Social Sciences > HG Finance |
Schools: | Huddersfield Business School |
Related URLs: | |
Depositing User: | Basil Al-Najjar |
Date Deposited: | 14 Aug 2017 08:12 |
Last Modified: | 27 Mar 2018 13:15 |
URI: | http://eprints.hud.ac.uk/id/eprint/32787 |
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