Empirical modelling of capital structure: Jordanian evidence.

Al-Najjar, Basil (2011) Empirical modelling of capital structure: Jordanian evidence. Journal of emerging market finance, 10 (1). pp. 1-19. ISSN 0972-6527

Full text is not in this repository.

This item is available in the Library Catalogue

Abstract

This article provides evidence about the determinants of capital structure in developing countries through studying non-financial Jordanian firms. We detect that capital structure choice in Jordan is influenced by similar set of factors suggested in the developed markets, namely, institutional ownership, profitability, business risk, asset tangibility, asset liquidity, market-to-book and firm size. The findings are consistent with the related studies in both developed and developing countries. In addition, we report that Jordanian firms have target capital structure ratios and that they adjust relatively quickly to their targets.

Item Type:Article
Research Areas:Business School > Accounting and Finance
ID Code:7343
Deposited On:29 Mar 2011 11:24
Last Modified:30 Jul 2014 15:58

Repository staff and depositor only: item control page

Full text downloads (NB count will be zero if no full text documents are attached to the record)

Downloads per month over the past year