Matches in SemOpenAlex for { <https://semopenalex.org/work/W2137293375> ?p ?o ?g. }
- W2137293375 abstract "This paper surveys literatures on five theories of capital structure theories from Modigliani and Miller research paper at 1958 to Halov and heider at 2004. There are two main sources of firms’ financing: internal and external financing, internal financing is related to retained earnings and external financing could be in the form of borrowing or issue of equity. Firms continuously invest because of sustain and growth, for these reasons firms’ financing decisions are very important. Traditional trade-off theory and pecking order theory are most acceptable theories of capital structure. As the traditional trade-off theory asserts, firms have one optimal debt ratio (target leverage). In comparison the pecking order theory implies firms’ preference to internal finance over external finance and debt over equity. From the literature it cannot be concluded whether debt has any tax benefit on balance or not. But it can be said that the share price increases with the debt issuing announcement and falls after announcement of equity issue. As agency models anticipate, leverage is directly related to the value of firm, default probability, free cash flow, extent of regulation, liquidity value, interest coverage, cost of investigation of firm’s prospects and the probability of reorganization upon default. On the other hand, leverage is expected to have inverse relationship with the growth opportunities and the importance of managerial reputation. And also, there are no conclusions about the effects of managerial ownership on leverage." @default.
- W2137293375 created "2016-06-24" @default.
- W2137293375 creator A5032392905 @default.
- W2137293375 creator A5078838950 @default.
- W2137293375 date "2014-10-01" @default.
- W2137293375 modified "2023-09-26" @default.
- W2137293375 title "A Brief Review of Capital Structure Theories" @default.
- W2137293375 cites W1532339465 @default.
- W2137293375 cites W1546993880 @default.
- W2137293375 cites W1858733141 @default.
- W2137293375 cites W1860739753 @default.
- W2137293375 cites W2031248119 @default.
- W2137293375 cites W2041585309 @default.
- W2137293375 cites W2071206222 @default.
- W2137293375 cites W2071659251 @default.
- W2137293375 cites W2109360003 @default.
- W2137293375 cites W2121308228 @default.
- W2137293375 cites W2122529435 @default.
- W2137293375 cites W2124597406 @default.
- W2137293375 cites W2125664626 @default.
- W2137293375 cites W2126603824 @default.
- W2137293375 cites W2129123189 @default.
- W2137293375 cites W2146880834 @default.
- W2137293375 cites W2160860931 @default.
- W2137293375 cites W2167351159 @default.
- W2137293375 cites W2170790204 @default.
- W2137293375 cites W3121825198 @default.
- W2137293375 cites W3123142049 @default.
- W2137293375 cites W3123906439 @default.
- W2137293375 cites W3124114405 @default.
- W2137293375 cites W3124324454 @default.
- W2137293375 cites W3124353652 @default.
- W2137293375 cites W3124450204 @default.
- W2137293375 cites W3124871904 @default.
- W2137293375 cites W3125087107 @default.
- W2137293375 cites W2140041112 @default.
- W2137293375 hasPublicationYear "2014" @default.
- W2137293375 type Work @default.
- W2137293375 sameAs 2137293375 @default.
- W2137293375 citedByCount "7" @default.
- W2137293375 countsByYear W21372933752018 @default.
- W2137293375 countsByYear W21372933752019 @default.
- W2137293375 countsByYear W21372933752020 @default.
- W2137293375 countsByYear W21372933752021 @default.
- W2137293375 crossrefType "journal-article" @default.
- W2137293375 hasAuthorship W2137293375A5032392905 @default.
- W2137293375 hasAuthorship W2137293375A5078838950 @default.
- W2137293375 hasConcept C10138342 @default.
- W2137293375 hasConcept C106159729 @default.
- W2137293375 hasConcept C119857082 @default.
- W2137293375 hasConcept C120527767 @default.
- W2137293375 hasConcept C120757647 @default.
- W2137293375 hasConcept C144133560 @default.
- W2137293375 hasConcept C149933338 @default.
- W2137293375 hasConcept C153083717 @default.
- W2137293375 hasConcept C162324750 @default.
- W2137293375 hasConcept C163428354 @default.
- W2137293375 hasConcept C172983313 @default.
- W2137293375 hasConcept C17744445 @default.
- W2137293375 hasConcept C199539241 @default.
- W2137293375 hasConcept C199728807 @default.
- W2137293375 hasConcept C2778098874 @default.
- W2137293375 hasConcept C2778776786 @default.
- W2137293375 hasConcept C36673458 @default.
- W2137293375 hasConcept C39389867 @default.
- W2137293375 hasConcept C41008148 @default.
- W2137293375 hasConcept C47702881 @default.
- W2137293375 hasConcept C556758197 @default.
- W2137293375 hasConcept C80515813 @default.
- W2137293375 hasConceptScore W2137293375C10138342 @default.
- W2137293375 hasConceptScore W2137293375C106159729 @default.
- W2137293375 hasConceptScore W2137293375C119857082 @default.
- W2137293375 hasConceptScore W2137293375C120527767 @default.
- W2137293375 hasConceptScore W2137293375C120757647 @default.
- W2137293375 hasConceptScore W2137293375C144133560 @default.
- W2137293375 hasConceptScore W2137293375C149933338 @default.
- W2137293375 hasConceptScore W2137293375C153083717 @default.
- W2137293375 hasConceptScore W2137293375C162324750 @default.
- W2137293375 hasConceptScore W2137293375C163428354 @default.
- W2137293375 hasConceptScore W2137293375C172983313 @default.
- W2137293375 hasConceptScore W2137293375C17744445 @default.
- W2137293375 hasConceptScore W2137293375C199539241 @default.
- W2137293375 hasConceptScore W2137293375C199728807 @default.
- W2137293375 hasConceptScore W2137293375C2778098874 @default.
- W2137293375 hasConceptScore W2137293375C2778776786 @default.
- W2137293375 hasConceptScore W2137293375C36673458 @default.
- W2137293375 hasConceptScore W2137293375C39389867 @default.
- W2137293375 hasConceptScore W2137293375C41008148 @default.
- W2137293375 hasConceptScore W2137293375C47702881 @default.
- W2137293375 hasConceptScore W2137293375C556758197 @default.
- W2137293375 hasConceptScore W2137293375C80515813 @default.
- W2137293375 hasLocation W21372933751 @default.
- W2137293375 hasOpenAccess W2137293375 @default.
- W2137293375 hasPrimaryLocation W21372933751 @default.
- W2137293375 hasRelatedWork W105588572 @default.
- W2137293375 hasRelatedWork W1509116865 @default.
- W2137293375 hasRelatedWork W1589314556 @default.
- W2137293375 hasRelatedWork W1974294213 @default.
- W2137293375 hasRelatedWork W2048267802 @default.
- W2137293375 hasRelatedWork W2203699447 @default.