scholarly journals CORPORATE GOVERNANCE AND CAPITAL STRUCTURE DYNAMICS: AN EMPIRICAL STUDY

2015 ◽  
Vol 38 (2) ◽  
pp. 169-192 ◽  
Author(s):  
Li‐Kai (Connie) Liao ◽  
Tarun Mukherjee ◽  
Wei Wang
2021 ◽  
Vol 76 ◽  
pp. 101758
Author(s):  
Daniel Gyimah ◽  
Nana Abena Kwansa ◽  
Anthony K. Kyiu ◽  
Anywhere (Siko) Sikochi

2020 ◽  
Vol 32 (2) ◽  
pp. 677
Author(s):  
Iván Muñoz Jiménez ◽  
José Miguel Rodríguez Fernández

The objective of this empirical study is to investigate the influence of the economic, financial and corporate governance characteristics on stock market value of a sample of European banks in recent years. To this end, several theoretical hypotheses are tested by various estimates econometric models with different specific techniques for panel data, considering as dependent variable Tobin's Q ratio. It detects that there is a positive impact of good asset quality, adequate capital structure, operational efficiency, liquidity and corporate governance of banking institutions.


2012 ◽  
Vol 67 (3) ◽  
pp. 803-848 ◽  
Author(s):  
ERWAN MORELLEC ◽  
BORIS NIKOLOV ◽  
NORMAN SCHÜRHOFF

Author(s):  
Ernest Ezeani ◽  
Rami Salem ◽  
Frank Kwabi ◽  
Khalid Boutaine ◽  
Bilal ◽  
...  

AbstractWe examine the impact of board characteristics on the speed of adjustment and the capital structure dynamics of firms in bank-based economies. Using 3927 firm-year observations over a 10-year (2009–2019), we find that board characteristic influences firms' speed of adjustment in a bank-based (stakeholder-oriented) system. We also find some evidence that board characteristics have varying impacts on the capital structure of Japanese, French and German firms. We conclude that firms' capital structure reflects the corporate governance environment they operate. Our results are robust to accounting for endogeneity and alternative leverage measure.


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