Advances in Capital Structure Research
Erschienen am 15. Juli 2021
119 Seiten
978-1-5361-9969-7 (ISBN)
Beschreibung
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.
Weitere Details
Weitere Ausgaben
Inhalt
- 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
- Abstract
- Introduction
- Methods
- Descriptive Results and Bibliometric Analysis
- Results of the Bibliographic Mapping
- A Research Agenda for Studying the Capital Structure in Different Macroeconomic States
- Conclusion
- References
- Biographical Sketch
- Chapter 3
- How do Manufacturing SMEs Rebalance the Short-Term Debt Ratio?
- Abstract
- Introduction
- Theoretical Framework and Research Hypotheses
- Methodology
- Database and Variables
- Estimation Method
- Results
- 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
- Conclusion
- References
- Chapter 4
- The Influence of Regulation on Debt Maturity Structure and Risk Management for European Banks
- Abstract
- 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
- Conclusion
- References
- Appendix A1. List of Ratios
- Appendix A2. Descriptive Statistics
- Appendix A3. Contributions and Squared Cosines
- Appendix A4. Correlation to Axis
- Index
- Blank Page
