Empirical Modelling of Capital Structure

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
Uncontrolled Keywords:	Capital structure, target, determinants, panel data, partial adjustment model
Subjects:	H Social Sciences > HG Finance
Schools:	Huddersfield Business School
Related URLs:	Author
Depositing User:	Basil Al-Najjar
Date Deposited:	14 Aug 2017 08:12
Last Modified:	14 Aug 2017 08:12
URI:	http://eprints.hud.ac.uk/id/eprint/32787

Downloads

Repository Staff Only: item control page

View Item