Macroeconomic factors and corporate capital structure

N Mokhova, M Zinecker - Procedia-Social and Behavioral Sciences, 2014 - Elsevier
The aim of this study is to indicate the influence of macroeconomic factors on corporate
capital structure in different European countries. The recent Global Financial Crisis and the …

Determinants of capital structure: evidence from Shari'ah compliant and non-compliant firms

R Yildirim, M Masih, OI Bacha - Pacific-Basin Finance Journal, 2018 - Elsevier
Many Muslim individual and institutional investors seek to invest only in stocks that are
compliant with the Shari'ah (ie Islamic law). Among others, Dow Jones addressed this …

Capital structure and firm performance in European SMEs: Does credit risk make a difference?

K Li, J Niskanen, M Niskanen - Managerial Finance, 2019 - emerald.com
Purpose The purpose of this paper is to investigate whether the relationship between capital
structure and firm performance in small-and medium-sized enterprises (SMEs) is moderated …

Capital structure decisions in a period of economic intervention: Empirical evidence of Portuguese companies with panel data

ME Neves, Z Serrasqueiro, A Dias… - International Journal of …, 2020 - emerald.com
Purpose This paper aims to analyse the Portuguese companies' determinants of capital
structure. To reach this objective, the authors used data from 37 non-financial Portuguese …

Firm-and country-level determinants of corporate leverage: Some new international evidence

A Gungoraydinoglu, Ö Öztekin - Journal of Corporate Finance, 2011 - Elsevier
This research analyzes the determinants of capital structure across 37 countries. Institutional
arrangements matter for capital structure decisions; however, firm-level covariates drive two …

The behaviour of SMEs' capital structure determinants in different macroeconomic states

N Daskalakis, D Balios, V Dalla - Journal of Corporate Finance, 2017 - Elsevier
The recent global financial crisis has triggered questions in the scientific area of capital
structure dynamic determination regarding how “quickly” companies tend to adjust their …

SMEs capital structure determinants during severe economic crisis: The case of Greece

D Balios, N Daskalakis, N Eriotis… - Cogent Economics & …, 2016 - Taylor & Francis
The objective of this paper was to explore whether and how the main capital structure
determinants of SMEs affected capital structure determination in different ways during the …

Asymmetric adjustment toward optimal capital structure: Evidence from a crisis

VA Dang, M Kim, Y Shin - International Review of Financial Analysis, 2014 - Elsevier
We employ dynamic threshold partial adjustment models to study the asymmetries in firms'
adjustments toward their target leverage. Using a sample of US firms over the period 2002 …

The role of capital structure management in maintaining the financial stability of hotel firms during the pandemic—A global investigation

LTM Nguyen, D Le, KT Vu, TK Tran - International journal of hospitality …, 2023 - Elsevier
Due to the detrimental effects of the Covid-19 pandemic on the hotel sector, pandemic crisis
management research has received lots of academic attention, from studies in sales …

The determinants of Islamic bank capital decisions

M Bitar, MK Hassan, WJ Hippler - Emerging Markets Review, 2018 - Elsevier
We report new evidence on the bank and institutional determinants of Islamic bank capital
ratios in 28 countries between 1999 and 2013. Overall, we find that smaller, more profitable …