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Journal articles on the topic 'Determinants of the capital structure'

Author: Grafiati

Published: 7 July 2024

Last updated: 31 July 2025

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1

Lambrinoudakis, Costas. "Adjustment Cost Determinants and Target Capital Structure." Multinational Finance Journal 20, no. 1 (2016): 1–39. http://dx.doi.org/10.17578/20-1-1.

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Boateng, Agyenim. "Determinants of capital structure." International Journal of Social Economics 31, no. 1/2 (2004): 56–66. http://dx.doi.org/10.1108/03068290410515411.

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Shahar, Wan Shahdila Shah Bt, and Sarifah Ismail Manja. "Determinants of capital structure." Reports on Economics and Finance 4, no. 3 (2018): 139–49. http://dx.doi.org/10.12988/ref.2018.8113.

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Ahmed Sheikh, Nadeem, and Zongjun Wang. "Determinants of capital structure." Managerial Finance 37, no. 2 (2011): 117–33. http://dx.doi.org/10.1108/03074351111103668.

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Thies, Clifford F., and Mark S. Klock. "DETERMINANTS OF CAPITAL STRUCTURE." Review of Financial Economics 1, no. 2 (1992): 40–52. http://dx.doi.org/10.1002/j.1873-5924.1992.tb00548.x.

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Dr .R.Kavitha, Dr R. Kavitha. "Determinants of Capital Structure: Emprical Evidence from India." Indian Journal of Applied Research 4, no. 7 (2011): 305–9. http://dx.doi.org/10.15373/2249555x/july2014/97.

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K. Gharaibeh, Omar, and Saqer AL-Tahat. "Determinants of capital structure: evidence from Jordanian service companies." Investment Management and Financial Innovations 17, no. 2 (2020): 364–76. http://dx.doi.org/10.21511/imfi.17(2).2020.28.

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This paper examines capital structure determinants for service companies in Jordan between 2014 and 2018. Secondary data from 45 companies were analyzed using the panel regression approach. The results show that the independent variables, suggested as capital structure determinants, have an effect on the debt ratio made by the service companies. Size and non-debt tax shield have a positive significant effect on the debt ratio, while profitability and business risk have a negative significant impact on the debt ratio. In general, the findings support the notion that the trade-off, bankruptcy co

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8

Li, Xuefeng. "The Determinants of Capital Structure." Journal of Computational and Theoretical Nanoscience 12, no. 7 (2015): 1266–71. http://dx.doi.org/10.1166/jctn.2015.3884.

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Ukaegbu, Ben, and Isaiah Oino. "The determinants of capital structure." African Journal of Economic and Management Studies 5, no. 3 (2014): 341–68. http://dx.doi.org/10.1108/ajems-11-2012-0072.

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Purpose – The purpose of this paper is to investigate whether there are differences between the determinants of the capital structure in financial and manufacturing firms and also assess how the speed of adjustment differs. Design/methodology/approach – This study employed balanced panels data procedure using pooled ordinary least square, the random effects and fixed effects on manufacturing firms and banks that are listed on Nigeria Stock Exchange. The use of the three estimation method is in order to make a meaningful comparison between the models. Findings – The findings indicate that there

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Kayo, Eduardo K., and Herbert Kimura. "Hierarchical determinants of capital structure." Journal of Banking & Finance 35, no. 2 (2011): 358–71. http://dx.doi.org/10.1016/j.jbankfin.2010.08.015.

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11

Orlova, Svetlana, Joel T. Harper, and Li Sun. "Determinants of capital structure complexity." Journal of Economics and Business 110 (July 2020): 105905. http://dx.doi.org/10.1016/j.jeconbus.2020.105905.

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12

Ben Hamouda, Raja Zekri, Nessrine Hamzaoui, and Faouzi Jilani. "Capital Structure Determinants: New Evidence from the MENA Region Countries." International Journal of Economics and Financial Issues 13, no. 1 (2023): 144–63. http://dx.doi.org/10.32479/ijefi.13695.

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The objective of this paper is to investigate empirically the determinants of capital structure for a sample of 1101 firms from 11 MENA region countries over the period 2003-2017. Using a comparative approach, we find that firm-specific determinants explain better differences in capital structure choices than other country-specific determinants. Comparisons between countries, sub-regions (GGC and non-GCC countries) and legal origin (Common and Civil law countries) show furthermore that there are differences in terms of significance and importance of capital structure determinants. The most imp

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DEWI, Cynthia Sari, Brighton JORDY, and Harris WIJAYA. "DETERMINANTS OF CAPITAL STRUCTURE: EVIDENCE FROM INDONESIAN PALM OIL COMPANIES." BUSINESS EXCELLENCE AND MANAGEMENT 11, no. 4 (2021): 50–63. http://dx.doi.org/10.24818/beman/2021.11.4-04.

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This study to find out the determinants of capital structure in the palm oil industry in Indonesia. The variables are commodity prices, total assets, tangible assets, profitability, asset turnover, liquidity, inventory turnover, interest rates, and capital structure as independent variables. The data processing uses SPSS version 25 and performs classical assumption test, coefficient of determination test, and multiple regression analysis. The object of this study is oil palm plantation companies listed in Indonesian stock exchange (IDX) period 2016 to 2019. The results show that CPO prices, to

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Prima, Luthfinanda Benyamin, and Soekarno Subiakto. "Capital Structure Determinants of Public Infrastructure Companies in Indonesia." International Journal of Current Science Research and Review06 06, no. 02 (2023): 1017–27. https://doi.org/10.5281/zenodo.7614412.

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<strong>ABSTRACT: </strong>The infrastructure utilization concept is a service that is created by certain or several infrastructures over a certain period. The service output should increase a region or nation’s productivity over time, stimulating economic growth. Under the leadership of President Joko Widodo, developing the infrastructure is one of the government’s priorities to support Indonesia’s economic development. The government invested in infrastructure USD 429.7 billion in 2020-2024, which is up 20% compared to 2015-2019. The financial characteristic of the infrastr

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Imas Iyoha, Agbonrha-Oghoye, Godwin Ohiokha, David Umoru, Sadiq Oshoke Akhor, and Grace Abohiri Igele. "Target capital structure for managerial decision making: Dynamics and determinants." Investment Management and Financial Innovations 19, no. 3 (2022): 322–34. http://dx.doi.org/10.21511/imfi.19(3).2022.27.

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The study examines the dynamics and determinants of target capital structures among manufacturing firms listed on the Nigeria Stock Exchange during the period from 2012 to 2021. The study is motivated by the disparity in the Speed of Adjustment (SOA) to target leverage, which is influenced by firm-specific attributes largely dependent on macroeconomic indices. Therefore, understanding the determinants of SOA to target leverage is germane because no two macro-economic environments are the same. A longitudinal research design is used with a population of 75 manufacturing firms. The sample consis

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Mouton, Marise, and Nico Smith. "Company determinants of capital structure on the JSE Ltd and the influence of the 2008 financial crisis." Journal of Economic and Financial Sciences 9, no. 3 (2016): 789–806. http://dx.doi.org/10.4102/jef.v9i3.71.

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The optimal capital structure and value of a company is in constant evolution, taking into account both the external and internal environment. This study examines company-related determinants of capital structure and investigates whether the 2008 financial crisis exerted any significant influence on the capital structure and the identified determinants in a sample of top 40 JSE Ltd listed companies in South Africa. A panel regression model was applied to identify the most significant capital structure determinants and variance in them. Panel regression accounts for cross-sectional data and tim

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Jaelani La Masidonda, Jaelani La Masidonda. "Determinants of Capital Structure and Impact Capital Structure on Firm Value." IOSR Journal of Business and Management 7, no. 3 (2013): 23–30. http://dx.doi.org/10.9790/487x-0732330.

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18

Mugosa, Ana. "The determinants of capital structure choice: Evidence from Western Europe." Business and Economic Horizons 11, no. 2 (2015): 76–95. http://dx.doi.org/10.15208/beh.2015.07.

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Bętkowska, Sylwia. "Determinants of Capital Structure in a Company." Zeszyty Naukowe Uniwersytetu Szczecińskiego Finanse Rynki Finansowe Ubezpieczenia 82 (2016): 385–96. http://dx.doi.org/10.18276/frfu.2016.4.82/1-33.

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20

Heckenbergerová, Jana, and Irena Honková. "CAPITAL STRUCTURE ANALYSIS – THEORIES AND DETERMINANTS VALIDATION BASED ON EVIDENCE FROM THE CZECH REPUBLIC." E+M Ekonomie a Management 26, no. 1 (2023): 145–64. http://dx.doi.org/10.15240/tul/001/2023-1-009.

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The optimal capital structure is a key precondition for business, even though the task of defining the optimal capital structure can be difficult. Previous studies present many different and mutually contradictory factors that should be considered with respect to managerial strategic financial decisions. The first part of the presented contribution summarises the effects of the most frequent capital structure determinants and reviews the world’s most important theories about the behaviour of enterprises when deciding on capital structure. The aim of our contribution is the analysis of capital

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21

Charles, Cleopatra, Margaret F. Sloan, and John S. Butler. "Capital structure determinants for arts nonprofits." Nonprofit Management and Leadership 31, no. 4 (2021): 761–82. http://dx.doi.org/10.1002/nml.21454.

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22

TITMAN, SHERIDAN, and ROBERTO WESSELS. "The Determinants of Capital Structure Choice." Journal of Finance 43, no. 1 (1988): 1–19. http://dx.doi.org/10.1111/j.1540-6261.1988.tb02585.x.

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23

Pandey, Asheesh, and Madan Singh. "Capital structure determinants: a literature review." African J. of Accounting, Auditing and Finance 4, no. 2 (2015): 163. http://dx.doi.org/10.1504/ajaaf.2015.072226.

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24

Thippayana, Pornpen. "Determinants of Capital Structure in Thailand." Procedia - Social and Behavioral Sciences 143 (August 2014): 1074–77. http://dx.doi.org/10.1016/j.sbspro.2014.07.558.

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25

Gropp, Reint, and Florian Heider. "The Determinants of Bank Capital Structure*." Review of Finance 14, no. 4 (2010): 587–622. http://dx.doi.org/10.1093/rof/rfp030.

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Adland, Roar, Joakim Noraas, and Rikke S. Iversen. "Capital structure determinants of shipbuilding companies." International Journal of Shipping and Transport Logistics 9, no. 6 (2017): 763. http://dx.doi.org/10.1504/ijstl.2017.086941.

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Noraas, Joakim, Rikke S. Iversen, and Roar Adland. "Capital structure determinants of shipbuilding companies." International Journal of Shipping and Transport Logistics 9, no. 6 (2017): 763. http://dx.doi.org/10.1504/ijstl.2017.10007006.

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Grujić, Miloš, and Jelena Poljašević. "Capital Structure Determinants of Listed Private and State Companies." Review of innovation and competitiveness 9, no. 1 (2024): 7–29. http://dx.doi.org/10.32728/ric.2023.91/1.

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Purpose. The purpose of this paper is to determine and analyze the determinants of the capital structure of joint-stock companies in Bosnia and Herzegovina that are listed on the Banja Luka Stock Exchange. This study will answer the question as to which factors determine the capital structure of BiH companies and whether existing financial theories of the capital structure hold true in that context. The main research objective is to estimate the effects of a firm’s level determinants on its capital structure measures in different ownership structures. Those findings will certainly advance our

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Sari, Nurshadrina Kartika, Isti Fadah, and Hari Sukarno. "DETERMINAN STRUKTUR MODAL BANK." EKUITAS (Jurnal Ekonomi dan Keuangan) 17, no. 1 (2017): 71. http://dx.doi.org/10.24034/j25485024.y2013.v17.i1.2227.

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Banks are financial institutions how have an important part for the economy of a country. The bank’s main purposes are to collected funds from the public and distributed it back to them in credit loans. The biggest of public trusted to the bank, will make the bigger bank’s liabilities to their funds. This research examines determinants of bank capital structure, including profitability, liquidity, business risk, dividend, management ownership, institutional ownership and bank’s age. The samples in this research are 70 banks in Indonesian period 2006 until 2011, where analyzed with multiple lin

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Obi, Henry Kenedunium, and Oforegbunam Thaddeus Ebiringa. "Determinants of Capital Structure of Banks with International Authorization." African Journal of Management and Business Research 15, no. 1 (2024): 01–13. http://dx.doi.org/10.62154/x9nrbf38.

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This paper investigated the determinants of capital structure of banks with international authorization in Nigeria. The study is motivated by the recent trend of Nigerian banks expanding to the West and Central African regions, with increased use of debt instruments to boost their capital base. The study employed a purposive sampling technique to identify eight (8) banks listed on the Nigerian Stock Exchange authorized to expand outside Nigeria as holding companies that have required data for analysis variables for the period 2010-2019. The hierarchical regression analysis technique was employ

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31

Czerwonka, Leszek, and Jacek Jaworski. "DETERMINANTS OF ENTERPRISES’ CAPITAL STRUCTURE. LITERATURE REVIEW." Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, no. 478 (2017): 91–98. http://dx.doi.org/10.15611/pn.2017.478.08.

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32

Stamenković, Saša, Nemanja Stanišić, and Tijana Radojević. "Determinants of European telecom operators' capital structure." Ekonomika preduzeca 71, no. 3-4 (2023): 178–91. http://dx.doi.org/10.5937/ekopre2303178s.

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In recent years, the telecommunications services sector has made a remarkable contribution to the global economy, thereby attracting the interest of researchers. This study aims to examine the relationship between total leverage and its main components (short-term and longterm leverage) and firm-specific and country-specific factors affecting the capital structure of European telecom operators during 2009-2020. The observed period, beginning right after the world economic crisis in 2008, was characterized by a stable economy and the expansion of mobile communications, and the Internet and mult

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Kaur, Rajbinder, Arup Kumar Chattopadhyay, and Debdas Rakshit. "Determinants of Capital Structure with Reference to Select Indian Companies: A Panel Data Regression Analysis." Asia-Pacific Journal of Management Research and Innovation 16, no. 2 (2020): 79–92. http://dx.doi.org/10.1177/2319510x20913454.

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This article mainly focuses on the analysis of determinants of capital structure of 50 Bombay Stock Exchange (BSE)-listed sample companies, choosing 5 sample companies from each of 10 industries, namely cement, computer hardware, large heavy engineering, fertiliser, fast-moving consumer goods (FMCG), large electric equipment, mining/mineral, textile, large tyres and pharmaceutical over 15 years’ time period ranging from 1999–2000 to 2013–2014, applying panel data regression technique. Our study has first made industry-wise empirical analysis of capital structure with respect to eight firm-spec

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Amraoui, Mouna, Ye Jianmu, and Kenza Bouarara. "Firm’s Capital Structure Determinants and Financing Choice by Industry in Morocco." INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION 4, no. 3 (2018): 41–50. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.43.1005.

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The paper employs Panel regression approach to investigate capital structure impact on firm’s performance in Morocco, Based on the result of Haussmann test, fixed effect fit the first model better; thus it was utilized to examine the capital structure determinants in Morocco firms. The annual data was collected from Moroccan authority of capital market and Casablanca stock exchange official website; it covers a period of eight years from 2009 to 2016 of 52 Moroccan companies. The results of this research conclude that out of seven variables there are four more significant ones, which are: retu

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Sibindi, Athenia Bongani. "Determinants of capital structure: A literature review." Risk Governance and Control: Financial Markets and Institutions 6, no. 4 (2016): 227–37. http://dx.doi.org/10.22495/rcgv6i4c1art13.

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The financing decision is one of the most important imperative in corporate finance. Financial directors have to grapple with question—what is the optimum level of debt versus equity to employ in order to fund the operations of a firm? The present article seeks to unravel the evolution of capital structure theory from both theoretical and empirical perspectives. The major contending theories of capital structure as well as their predictions are considered. It is demonstrated that there are reliably important firm level attributes that determine the capital structures of firms. The article also

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Haque, Zia ul, and Muhammad Shaiq. "Study on Determinants of Capital Structure in the Pharmaceutical Industry of Pakistan." International Journal of Social Science & Entrepreneurship 3, no. 1 (2023): 394–412. http://dx.doi.org/10.58661/ijsse.v3i1.105.

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This research on the determinant of capital structure is limited to pharmaceutical companies listed on Pakistan Stock Exchange (PSX). Several researchers both in developed and developing countries have attempted to identify determinant of capital structure for different industries in their economies. The results for various explanatory variables used by researchers have been somewhat mixed. Some of the variable which were found significant in explaining the capital structure in one study remained insignificant in the other studies. This empirical study makes an attempt to explore the determina

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Handayani, Maria Eki, Wawan Ichwanudin, and Enis Khaerunnisa. "DETERMINAN STRUKTUR MODAL DAN DAMPAKNYA TERHADAP NILAI PERUSAHAAN." ANALISIS 13, no. 1 (2023): 181–91. http://dx.doi.org/10.37478/als.v13i1.2540.

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This study tested the determinants of capital structure and its impact on the value of the company. The determinant variables of Capital Structure used are Profitability, Liquidity and Asset Structure. This study uses data from the IDX using a sample of companies that are members of the IDX30 index that have complete data in 2016-2020.. Variables that affect the capital structure used are profitability, liquidity, and asset structure. In this study, there were 12 populations. The data analysis technique in this study used and two-stage regression. The results find that Profitability, Liquidity

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Hersugondo, H., Imam Ghozali, Endang Triwidyarti, and Eka Handriani. "Capital Structure and Ownership: Intellectual Capital Disclosure Indicator." Journal of Southwest Jiaotong University 56, no. 3 (2021): 549–66. http://dx.doi.org/10.35741/issn.0258-2724.56.3.46.

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The purpose of this paper is to examine the most significant determinants of the intellectual capital of manufacturing firms in Indonesia. Furthermore, using a regression model, it investigates whether the models proposed can provide the same explanation in Europe as in Indonesia. Multiple regression models were used during this study. Ten variables were tested statistically, using e-views of samples of 176 manufacturing companies listed on the Indonesia Stock Exchange during this study. The results indicate that leverage, audit committee, company size, and the independent board positively inf

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T. Lemma, Tesfaye, and Minga Negash. "Determinants of the adjustment speed of capital structure." Journal of Applied Accounting Research 15, no. 1 (2014): 64–99. http://dx.doi.org/10.1108/jaar-03-2012-0023.

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Purpose – The purpose of this paper is to examine the role of institutional, macroeconomic, industry, and firm characteristics on the adjustment speed of corporate capital structure within the context of developing countries. Design/methodology/approach – The authors considers a sample of 986 firms drawn from nine developing countries in Africa over a period of ten years (1999-2008). The study develops dynamic partial adjustment models that link capital structure adjustment speed and institutional, macroeconomic, and firm characteristics. The analysis is carried out using system Generalized Me

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Ilyukhin, Evgeny. "The Determinants of Capital Structure: Evidence from Russia." Journal of Corporate Finance Research / Корпоративные Финансы | ISSN: 2073-0438 11, no. 4 (2017): 54–69. http://dx.doi.org/10.17323/j.jcfr.2073-0438.11.4.2017.54-69.

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The study aims to identify the capital structure determinants of the listed Russian firms. The determinants are the factors that would affect firm financial leverage. The capital structures theories and their applications are considered in the article. The study is based on a sample of 48 publicly-traded non-financial firms over the period 2009-2015. The random-effects model is employed for estimations while the OLS approach is used to measure the industry impact on capital structure. It is found that the most significant capital structure determinants of Russian firms are industry mean levera

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Fatima, Kaniz, and Shakila Yasmin. "The Determinants Of Capital Structure Of Companies In An Emerging Economy: A Critical Review." International Journal of Business & Management Studies 03, no. 11 (2022): 41–52. http://dx.doi.org/10.56734/ijbms.v3n11a4.

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Capital structure is one of the important corporate finance decisions. Trade off theory suggests the existence of optimal capital structure at which firm value is maximized. But the optimal capital structure varies with a number of firm characteristics and its business environment. Hence, understanding the determinants of capital structure is important. Researchers have identified number of determinants of capital structure, however the relationship of these determinants with capital structure is found to be varied. It is also evident that companies operating in different economies generally h

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A. El-Masry, Ahmed. "Capital structure and performance of Middle East and North Africa (MENA) banks: an assessment of credit rating." Banks and Bank Systems 11, no. 1 (2016): 77–91. http://dx.doi.org/10.21511/bbs.11(1).2016.09.

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The firm’s credit rating is an important communication tool and previous research has shown that many companies consider it important in capital structure decisions. This study examines the determinants of capital structure in MENA banks. In addition, it investigates the determinants of credit rating. Further, the impact of credit rating and capital structure on banks’ performance is examined. Therefore, this study is an attempt to answer the following questions: 1) what are the main determinants of capital structure? 2) how does credit rating affect capital structure? 3) what are the main det

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de Vries, Annalien, and Pierre D. Erasmus. "Determinants of capital structure: A South African study." Corporate Ownership and Control 8, no. 1 (2010): 590–99. http://dx.doi.org/10.22495/cocv8i1c6p2.

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The effect of firm characteristics and economic factors on capital structures have been researched in many countries. Various South African studies have been conducted on this topic; however, limited research was found where both firm characteristics and economic factors were included in the same study. The majority of previous South African studies were also conducted prior to the demise of apartheid in 1994. This paper, therefore, focuses on the post-apartheid period from 1995 to 2008 and investigates the effect of firm characteristics and economic factors on the capital structure of listed

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Gwatidzo, Tendai, Miracle Ntuli, and Mthokozisi Mlilo. "Capital structure determinants in South Africa: A quantile regression approach." Journal of Economic and Financial Sciences 9, no. 1 (2017): 275–90. http://dx.doi.org/10.4102/jef.v9i1.42.

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Using data on 239 listed South African firms and covering the period 1996-2010, we apply a quantile regression approach to investigate the effect of capital structure determinants on leverage. The paper’s main contribution is to assess the effect of the predictor variables across the distribution of leverage. That is, does the effect of a capital structure determinant vary at different levels of leverage? With the exception of asset tangibility and age, whose effect increased with leverage, our results suggest that the importance of leverage determinants does not vary with leverage. This is an

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Omet, Ghassan. "Ownership structure and capital structure: Evidence from the Jordanian capital market (1995-2003)." Corporate Ownership and Control 3, no. 4 (2006): 99–107. http://dx.doi.org/10.22495/cocv3i4p8.

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The capital structure choice has generated a lot of interest in the corporate finance literature. This interest is due to several reasons including the fact that the mix of funds (leverage ratio) affects the cost and availability of capital and thus, firms’ investment decisions. To date, much of the empirical research has been applied on companies listed on advanced stock markets. This literature considered a variety of factors such as company size, profitability, asset tangibility, firm growth prospects and ownership structure as possible determinants of the capital structure choice. This pap

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Kyaw, NyoNyo. "International Corporate Capital Structure: Dynamics and Determinants." Journal of International Business and Economy 10, no. 2 (2009): 1–38. http://dx.doi.org/10.51240/jibe.2009.2.1.

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This paper uses the GMM estimator with target adjustment to examine the dynamics of capital structure in 28 countries. Firms are found to adjust their capital structures slowly to the target level indicating the existence of adjustment costs in the process of adjusting the debt level toward its target. Our results provide evidence that firms in common law countries, and in countries with better stock market development or liquidity, carry lower debt ratios indicating that the lower information asymmetry in these countries enhances the We find a positive relationship between corruption percepti

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Vural-Yavas, Cigdem. "Determinants of Capital Structure for Firms that Provide High Quality Sustainability Reporting." Journal of Management and Sustainability 6, no. 4 (2016): 22. http://dx.doi.org/10.5539/jms.v6n4p22.

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<p>The main objective of this chapter is to understand the determinants of the capital structure of the firms that provide high quality corporate-sustainability reporting. First, all the non-financial companies quoted in Borsa Istanbul (BIST) will be studied in order to see the full picture of the market. Second, all the firms that are included in the computation of the BIST Sustainability Index (XUSRD) will be analyzed as the firms that provide high quality corporate-sustainability reporting. In line with the literature on capital structure variables such as profitability, size, risk, g

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Sahudin, Zahariah, Zuraidah Ismail, Saliza Sulaiman, Hamisah Abdul Rahman, and Mohd Nizam Jaafar. "Capital Structure Determinants of Shariah-compliant Firms." Journal of Emerging Economies and Islamic Research 7, no. 1 (2019): 65. http://dx.doi.org/10.24191/jeeir.v7i1.7256.

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This is a preliminary study developed to explore the determinants of capital structure of Shariah-compliant firms listed in Bursa Malaysia. This study is primarily motivated by the issue of the determinants still being inconclusive in the area of capital structure. The study is performed using the static models namely Pool Ordinary Least Square, Fixed Effect and Random Effect Model. Empirical analysis on the determinants reveals that country specific factor which is GDP and sector specific factor which is industry concentration are also significant in influencing the corporate financing decisi

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Kaur, Ravneet. "Determinants of Capital Structure: A Literature Review." Asian Journal of Research in Banking and Finance 8, no. 8 (2018): 1. http://dx.doi.org/10.5958/2249-7323.2018.00052.4.

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Almanaseer, Sufian Radwan. "Determinants of Capital Structure: Evidence from Jordan." Accounting and Finance Research 8, no. 4 (2019): 186. http://dx.doi.org/10.5430/afr.v8n4p186.

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Abstract:

This study aimed to explore the determinants of the capital structure of the banks listed in the Amman Stock Exchange. A sample of 13 Jordanian commercial banks of 16 banks listed on the Amman Stock Exchange selected for the period 2008-2017. The current study applied a fixed-effects regression model by using e-views to analyze the relationship between financial leverage and firm characteristics such as Risk, Size, profitability, Growth, liquidity, Tax, Age, tangibility, and macroeconomic variables such as Gross Domestic Product, Inflation. The study finds a significant positive relationship b

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