Corporate capital structure in the United States and Japan: financial intermediation and implications of financial deregulation

1988 ◽  
pp. 241-264 ◽  
Author(s):  
James E. Hodder
Keyword(s):  
United States ◽  
Capital Structure ◽  
Financial Intermediation ◽  
The United States ◽  
Corporate Capital ◽  
Financial Deregulation ◽  
Corporate Capital Structure

Dodging Bullets: Changing U.S. Corporate Capital Structure in the 1980s and 1990s. By Robert N. McCauley, Judith S. Ruud, and Frank Iacono. Cambridge, MA: MIT Press, 1999. Pp. xii, 415. $34.95.

2001 ◽  
Vol 61 (4) ◽  
pp. 1158-1160
Author(s):  
Carol E. Heim
Keyword(s):  
United States ◽  
Mergers And Acquisitions ◽  
Capital Structure ◽  
The United States ◽  
Bond Market ◽  
Bank Credit ◽  
Leveraged Buyouts ◽  
Corporate Capital ◽  
Corporate Capital Structure ◽  
Public Equity

During the late 1980s the United States experienced a major wave of corporate leveraging as firms substituted debt for equity. The boom peaked in 1989, after which the junk bond market collapsed, bank credit tightened, and leveraged buyouts (LBOs) dropped off sharply. Beginning in 1991, the favorable stock market helped firms that had been taken private with largely borrowed money to survive by issuing public equity. As the economy recovered from recession, mergers and acquisitions resumed the acceleration that had begun in the 1980s. Corporate restructuring often occurred without much leveraging, however, and in the more friendly deals of the 1990s CEOs were likely to be in control.

scholarly journals Determinants of Capital Structure on Trading and Manufacturing Enterprises: A Case of Nepal

NCC Journal ◽  
2019 ◽  
Vol 4 (1) ◽  
pp. 163-170
Author(s):  
Shanker Dhodary
Keyword(s):  
Capital Structure ◽  
Comparative Research ◽  
Manufacturing Firms ◽  
Coverage Ratio ◽  
Manufacturing Enterprises ◽  
Corporate Capital ◽  
Secondary Sources ◽  
Growth Opportunity ◽  
Corporate Capital Structure ◽  
Size Growth

This study mainly aimed at examining the determinants of capital structure in Nepalese trading and manufacturing firms. The study has covered eleven major on-financial enterprises of trading and manufacturing firm’s specific variables. Firm’s size, growth opportunity, asset tangibility, profitability, firm’s age, liquidity and interest coverage ratio have selected as variables to examine their effect on corporate capital structure. The study used both descriptive and causal comparative research design to examine the determinants of capital structure. Data required for undertaking the study were collected from secondary sources. For each enterprise, financial data for 10 fiscal years covering the period of F/Y 2005/2006 to F/Y 2015/2016.The study concluded that asset tangibility, profitability, liquidity and interest coverage ratio are the major determinants of corporate capital structure in Nepalese trading and manufacturing firms.

Sign in / Sign up

Export Citation Format

Share Document