Dynamic Capital Structure Choice: Theory and Empirical Evidence

被引：0
|
作者：
Kokoreva, Maria [1 ,2 ]
机构：
[1] Higher Sch Econ, Dept Econ & Finance Firm, Moscow, Russia
[2] Higher Sch Econ, Lab Corp Finance, Moscow, Russia
来源：
EKONOMICHESKAYA POLITIKA | 2012年 / 04期
关键词：
capital structure; trade-off theory; pecking order theory; market timing theory;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper presents the literature review of both theoretical and empirical papers devoted to capital structure choice. The dynamic trade-off theory is analysed in comparison with alternative capital structure theories that allows to classify and systemize existent theories. Empirical papers conducted on emerging markets companies' data provide the evidence of the proposed system of debt-to-equity choice.
引用
收藏
页码：110 / +
页数：17
相关论文
共 50 条
  • [21] ON THE EXISTENCE OF AN OPTIMAL CAPITAL STRUCTURE - THEORY AND EVIDENCE
    BRADLEY, M
    JARRELL, GA
    KIM, EH
    JOURNAL OF FINANCE, 1984, 39 (03): : 857 - 878
  • [22] Manager Characteristics and Capital Structure: Theory and Evidence
    Bhagat, Sanjai
    Bolton, Brian
    Subramanian, Ajay
    JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2011, 46 (06) : 1581 - 1627
  • [23] The Norm Theory of Capital Structure: International Evidence
    Lam, Swee-Sum
    Zhang, Weina
    Lee, Reginald Reagan Chua
    INTERNATIONAL REVIEW OF FINANCE, 2013, 13 (01) : 111 - 135
  • [24] An Empirical Study on the Choice of Capital Structure from the Perspective of Regional Difference
    Du Jing
    Cai Can
    PROCEEDINGS OF THE 8TH EURO-ASIA CONFERENCE ON ENVIRONMENT AND CSR: TOURISM, MICE, HOSPITALITY MANAGEMENT AND EDUCATION SESSION (PT III), 2012, : 303 - 311
  • [25] The determinants of capital structure choice: Evidence from Polish companies
    Mazur K.
    International Advances in Economic Research, 2007, 13 (4) : 495 - 514
  • [26] The determinants of capital structure choice: Evidence from Western Europe
    Mugosa, Ana
    BUSINESS AND ECONOMIC HORIZONS, 2015, 11 (02) : 76 - 95
  • [27] Financial crisis and SME capital structure: Swedish empirical evidence
    Yazdanfar, Darush
    Ohman, Peter
    Homayoun, Saeid
    JOURNAL OF ECONOMIC STUDIES, 2019, 46 (04) : 925 - 941
  • [28] AN EMPIRICAL-TEST OF STAKEHOLDER THEORY PREDICTIONS OF CAPITAL STRUCTURE
    BARTON, SL
    HILL, NC
    SUNDARAM, S
    FINANCIAL MANAGEMENT, 1989, 18 (01) : 36 - 44
  • [29] Capital structure dynamics among SMEs: Swedish empirical evidence
    Yazdanfar, Darush
    Ohman, Peter
    JOURNAL OF RISK FINANCE, 2016, 17 (02) : 245 - 260
  • [30] The conundrum of bank capital structure: Empirical evidence from Pakistan
    Sarwar, Bilal
    Muhammad, Noor
    Zaman, Nadeem Uz
    Rehman, Zia Ur
    COGENT ECONOMICS & FINANCE, 2020, 8 (01):
12345