We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Impact of Capital Structure on the Firms Performance - Essay Example

Comments (0)
Summary
The paper “The Impact of Capital Structure on the Firm’s Performance” discusses the issue that the bankruptcy risk and profitability are negatively related to leverage. Their findings support tax-bankruptcy trade-off theory and stakeholder co-investment theory…
Download full paper
GRAB THE BEST PAPER
The Impact of Capital Structure on the Firms Performance
Read TextPreview

Extract of sample
The Impact of Capital Structure on the Firms Performance

Download file to see previous pages... The authors of this paper are professors Murray Frank and Vidnan Goyal. Frank is one of the faculties of commerce in the University of British Columbia, Canada. While Goyal is in the department of finance in Hong Kong University of Science and Technology. They empirically tested 39 factors that affect leverage decisions of publicly traded companies in the U.S. One of the major findings is that the bankruptcy risk and profitability are negatively related to leverage. Their findings support tax-bankruptcy trade-off theory and stakeholder co-investment theory. On the other hand, it conflicts with the studies that are based on the pecking order theory and market timing theory. The authors are reliable and present good knowledge of the topic. Although theories are conflicting with some other research this is the good scholarly source. This source contributed more than enough in research work and target audience of the source is financial institutions, professionals, students, and stockholders. Bas, T., Muradoglu, G. & Phylaktis, K. (2009). Determinants of Capital Structure in Developing Countries. Retrieved March 15, 2011, from European Financial Management Association: http://efmaefm.org/0EFMSYMPOSIUM/China-2010/papers/determinants%20of%20capital%20structure%20in%20developing%20countries.pdf The authors of this paper are the faculty of Cass Business School in London. ...
This paper is different than previous studies since it focuses on the large firms of developing countries. This paper contributed to research to some extent because it helped in understanding the fact that how different markets react differently. The audience of the paper is financial associations and foreign companies. This paper is included because it’s a scholarly and popular work and facts of the paper are well documented. Although my topic I too focused and this research is on a different topic this paper helped me to support my ideas. Titman, S., & Wessels, R. (1988). The Determinants of Capital Structure Choice. The Journal of Finance, 43 (1). The authors of this paper are professors at the University of California, Los Angeles. Both writers presented their research in a well-documented manner and this research is reliable and good to include when someone is working on the topic of capital structure. The study examined capital structure theories that have not tested before based on a factor analytic technique. They analyzed the data using six measures of financial leverage including short-term debt, long-term debt, and convertible debt. The study findings show that the transaction cost is one of the major determinants of capital structure choice. In fact, the results do not support the effect of volatility, collateral value or future growth. This journal is very much related to my topic although it's too broad and not scholarly enough it helped a lot to narrow down my topic. The audience of the paper is students, teachers, and people who are seeking basic knowledge about the determinants of capital structure. Sbeiti, W. (2010).  ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Annotated Bibliography
Annotated Bibliography Abstract Annotated bibliography is a perfect opportunity for every writer to summarize the main ideas of the required sources and implement these ideas in relevant contexts. Moreover, it cannot be denied that in the course of time there is an option to lose a thread of the main idea of the source, which was rather helpful previously.
2 Pages(500 words)Essay
Annotated Bibliography for Structure and Strategy
The article outlines and addresses some of the strategies that can be developed in the design of organizations. The article has provided business leaders with information regarding the importance or organizational design and the role it will play towards providing a business with huge competitive advantages over its competitors.
4 Pages(1000 words)Essay
Annotated Bibliography and Structure
This entails comparing diverse males’ past behaviors to that evident in the cotemporary world, which has evolved with the passage of time. He explores the interface between the traditional approaches and present cultural perspectives. The author’s bases of theoretical discussion encompass job market, and domestic violence whereby the latter numerous studies have cited as the core characteristic associated with men.
5 Pages(1250 words)Essay
Performance and compensation management-Annotated bibliography
Johnson, Liway & Shields, John, Lessons from management-union partnership in teacher performance appraisal in the New South Wales public education system, International Journal of Human Resource Management, 18:7 July 2007, p.1214-1227 This article focuses on performance appraisal – a key component of human resource management.
4 Pages(1000 words)Essay
Annotated Bibliography
The researchers assert that women who are in their early ages in the region of Egypt get an education and work and give less importance to marriage as compared to the women belonging to the same age group around ten years back. They even figured out that these changes were occurring while globalization was taking place and a rise in political movement that is fundamentalist in nature is even taking place.
3 Pages(750 words)Essay
Annotated bibliography
Perceptions and observations of employees, executive management, CIOs and other stakeholders in ERP implementation need to be uncovered through case studies. On the other hand, some quantitative dimensions of technical parameters like IT infrastructure must be incorporated in the analysis.
6 Pages(1500 words)Essay
Capital Structure Evaluation of Sample Firms
Finally, the report attempts to understand how far the different models and theories affect the real life capital structure of these firms. A firm needs to deliver increasing returns every year to meet the return expectations of its investors, which can be ensured only by consistent growth in its revenue and profit.
8 Pages(2000 words)Essay
What are the main practical considerations which are likely to influence a firm's capital structure
There are a variety of factors that may impact upon capital structure, such as taxation, bankruptcy, fundraising, as well as managerial decisions, which are all factors that could impact upon capital structure. Modigliani and Miller (1958) were the pioneers in examining the
6 Pages(1500 words)Essay
Annotated Bibliography
The integrative approach that has been put forward in this article can be used by the scholars and researchers in human resource development to build up their own innovative instruments in relation to
5 Pages(1250 words)Essay
Annotated Bibliography and Structure
This is evident with the states that have defied signing Kyoto protocol. The source is extremely essential due to its rich information meant to support diverse arguments concerning anti globalization movements. This is an interview held in a BBC broadcasting studio
5 Pages(1250 words)Essay
Let us find you another Essay on topic The Impact of Capital Structure on the Firms Performance for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us