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- W3124900870 abstract "This study presents empirical evidence on the determinants of the capital structure of non-financial firms in 1996. Empirical results imply that the tax effect, the signaling effect and the agency costs play a role in financing decisions. Ownership structure also effects financial policy. Single-family owned firms have significantly higher debt level. Only in single-family owned firms does managerial shareholdings have consistently positive influence on firm leverage. Finally large shareholders affect the debt ratio negatively, implying that they may monitor the management." @default.
- W3124900870 created "2021-02-01" @default.
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- W3124900870 date "2001-07-17" @default.
- W3124900870 modified "2023-09-28" @default.
- W3124900870 title "An Empirical Study on the Determinants of the Capital Structure of Thai Firms" @default.
- W3124900870 hasPublicationYear "2001" @default.
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