Capital Structure Decision: Micro- and Macroeconomic Determinants in Malaysia
نویسندگان
چکیده
منابع مشابه
Capital structure , credit risk , and macroeconomic conditions
This paper develops a framework for analyzing the impact of macroeconomic conditions on credit risk and dynamic capital structure choice. We begin by observing that when cash flows depend on current economic conditions, there will be a benefit for firms to adapt their default and financing policies to the position of the economy in the business cycle phase. We then demonstrate that this simple ...
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We empirically examine the influence of risk on firms’ capital structure adjustments. The process of adjustment is asymmetric and depends on the type of risk, its magnitude, the firm’s actual leverage with respect to its target, and its financial status. We show that firms with financial surpluses and above-target leverage adjust their leverage more rapidly when firm-specific risk is low and wh...
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The capital structure and regulation of financial intermediary firms are important topics for regulators and academic researchers. In general, theory predicts that firms choose their capital structures by balancing the benefits of debt against its costs. The purpose of this paper is to analyze capital structure as a function of bank's specific variable factors. It examines the relationship ...
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ژورنال
عنوان ژورنال: International Journal of Academic Research in Accounting, Finance and Management Sciences
سال: 2020
ISSN: 2225-8329
DOI: 10.6007/ijarafms/v10-i2/7355