Advances in capital structure research / Karel Marleau, editor.

Format:

Book

Contributor:

Marleau, Karel, editor.

Series:

Economic issues, problems and perspectives series.

Economic Issues, Problems and Perspectives Series

Language:

English

Subjects (All):

Capital investments.

Capital costs.

Corporate debt.

Physical Description:

1 online resource (132 pages)

Place of Publication:

New York : Nova Science Publishers, Inc., [2021]

Summary:

"Capital structure refers to the distribution of debt and equity a company uses to finance its overall operations and growth. This four-chapter volume details recent advancements in capital structure research, including perspectives on the global water industry and European banks as well as an analysis of SME financing behavior and a systematic literature review"-- Provided by publisher.

Contents:

Intro

Contents

Preface

Chapter 1

The Determinants of Capital Structure: Evidence from the Global Water Industry

Abstract

Introduction

Theoretical Framework and Literature Review

Data and Methodology

Data

Empirical Model

Model 1

Model 2

Model 3

Independent Variables and Hypotheses

Profitability

Size

Age

Risk

Free Cash Flows

Tangible Asset

Non-Debt Tax Shield

Growth Opportunities

Results

Descriptive Statistics

Correlation Matrix

Regression Analysis

Conclusion

References

Chapter 2

Capital Structure and Macroeconomic Conditions: A Review of the Literature and a Research Agenda

Methods

Descriptive Results and Bibliometric Analysis

Results of the Bibliographic Mapping

A Research Agenda for Studying the Capital Structure in Different Macroeconomic States

Biographical Sketch

Chapter 3

How do Manufacturing SMEs Rebalance the Short-Term Debt Ratio?

Theoretical Framework and Research Hypotheses

Methodology

Database and Variables

Estimation Method

Descriptive Statistics and Correlation Matrix

Speed of Adjustment toward Target Short-Term Debt Ratio and Determinants of Short-Term Debt Ratio

Results Discussion

Speed of Adjustment toward Target Short-Term Debt Ratio

Determinants of Short-Term Debt Ratio

Chapter 4

The Influence of Regulation on Debt Maturity Structure and Risk Management for European Banks

1. Introduction

2. Literature Review

2.1. Basel III and Its Consequences for Banking Credit Practices in Europe

2.2. Bank Credit Risk Transfer

2.3. Short-Term Debt and Long-Term Debt: A New Perspective

3. Data and Research Methodology

3.1. Model.

3.2. A Focus on a Reduced and Representative Panel of Banks

4. Results

4.1. Panel Analysis

4.2. Analysis a Cluster of Representative Banks

Appendix A1. List of Ratios

Appendix A2. Descriptive Statistics

Appendix A3. Contributions and Squared Cosines

Appendix A4. Correlation to Axis

Index

Blank Page.

Notes:

Description based on print version record.

ISBN:

1-5361-9969-9

OCLC:

1262372061