...Mahdi Salehi; Fatemeh Ghasempour Purpose This study aims to assess the influence of material internal control weaknesses (ICWs) on investment in intangible assets, capital structure and commercial risk of organizations. Also, it analyses the impact of investment in intangible assets...

..., per se, may impair the validity of the results as well. Originality/value Because the fundamental institutional assumptions underpinning the Western and even East Asia capital structure models are not valid in the institutional environment of Iran, the findings of this study could provide...

...Daniel Kipkirong Tarus; Ezekiel Ayabei Purpose The purpose of this study is to examine the effect of board composition on capital structure of a firm. Design/methodology/approach The paper uses data from firms listed in Nairobi Securities Exchange covering the period 2004-2012. Fixed effect...

... empirical evidence on the alternative sources of raising outside capital and the factors determining the capital structure of unlisted manufacturing firms in India. In a path-breaking paper, Modigliani and Miller (1958) proved that under perfect capital markets the value of the firm is determined solely...

...Panagiotis Dimitropoulos Purpose – The present study aims to examine the impact of corporate governance quality on the capital structure of European soccer clubs and specifically on the level of debt that soccer clubs decide to issue. Design/methodology/approach – A sample from 67 European...

...Tesfaye Taddese Lemma; Minga Negash Purpose – The study aims to investigate the role of institutions, macroeconomic conditions, industry and firm characteristics on firm's capital structure decision within the context of nine African countries. Design/methodology/approach – A sample of 986...

...Susan Coleman; Alicia Robb Purpose The purpose of this paper is to explore the extent to which various theories of capital structure “fit” in the case of new technology‐based firms. Design/methodology/approach This study uses data from the Kauffman Firm Survey, a longitudinal data set of over...

...Zélia Serrasqueiro Purpose The purpose of this paper is to analyze the importance of information asymmetry in the relationships between Portuguese SME's capital structure decisions and creditors, comparing the results of service SME with those found in manufacturing SMEs. Design/methodology...

... empirical evidence on how unlisted companies in Ghana finance their growth and what determines their capital structure. © Emerald Group Publishing Limited 2011 Capital structure Corporate finances Business development Ghana This paper examines small business finance in Ghana...

... for firm size, it was found that firm focus is concave in managerial shareholdings. Research limitations/implications Although the paper provides a path towards understanding intra‐industry variations in corporate capital structures, it is recognized that additional research on such variations...

...Vuong Due Hoang Quan Developed by Stewart Myers (1984), the pecking order theory has turned out to be a spotlight in the recent trend of shifting from the traditional static trade‐off optimal model to other theories as an effort to look for an explanation of corporate capital structure behaviour...