... of the CC BY 4.0 licence. Corporate governance Capital structure Corporate finance Environmental social and governance In recent years, regulators and policymakers have paid increasing attention to the consequences of climate change in the economic system (Financial Stability Board [FSB...

...Inês Lisboa; Magali Costa; Carolina Reis Purpose Most research suggests that capital structure is influenced by two elements: the firms’ internal and external characteristics. This study aims to add knowledge to the literature by analyzing the impact of firms’ financial information quality...

... 2019 Emerald Publishing Limited Licensed re-use rights only Market timing Capital structure Underpricing Lines of credit SEOs G00 G3 G32 This paper is primarily motivated by the idea that lines of credit provide valuable options for firms engaged in long-term financing...

... by selecting matching observations with similar propensity scores as the all-equity observations. Findings Agency costs are not the only explanation leading to the implementation of an all-equity capital structure. The motivation of such structure is strongly influenced by free cash flows (FCF) and growth...

...Paweł Mielcarz; Dmytro Osiichuk; Ryszard Owczarkowski Purpose This paper aims to present an iterative algorithm that yields the amount of debt contracting/repayment or equity investment necessary to achieve the target capital structure. The model also helps to estimate the gains in shareholder...

...Agyenim Boateng; Huifen Cai; Daniel Borgia; Xiao Gang Bi; Franklin Nnaemeka Ngwu Purpose The purpose of this paper is to examine the effects of internal corporate governance mechanisms on the capital structure decisions of Chinese-listed firms. Design/methodology/approach Using a large...

...Peter Öhman; Darush Yazdanfar Purpose This paper aims to empirically investigate the capital structure determinants of small and medium-sized enterprises (SMEs) with a particular focus on short- and long-term debt. Design/methodology/approach Several methods were used to analyse a sample...

... to the field: multilevel models. Financial constraints Capital structure Financial flexibility Low leverage G32 Several studies examine changes in leverage (Shyam-Sunder and Myers, 1999 ; Frank and Goyal, 2003) and changes in equity (Fama and French, 2005 ; Leary and Roberts, 2010); some...

...Mohammad M. Omran; John Pointon Purpose The aim of this paper is to investigate differences in capital structures across industries in Egypt paying particular attention to: corporate characteristics, such as liquidity, asset structure, growth, and size; fiscal characteristics, namely...

... shareholders are not likely to entertain the fear of loss of control since the firm is seen as group‐owned. Originality/value – The findings of this study generally suggest that managerial ownership is important in explaining the capital structure of Ghanaian SMEs. This study extends our understanding...