scholarly journals Capital Structure Dynamics and Stock Returns

2006 ◽  
Author(s):  
Jie Cai ◽  
Zhe Zhang
Keyword(s):  
Capital Structure ◽  
Stock Returns ◽  
Structure Dynamics

Internet Appendix for 'Uncertainty, Major Investments, and Capital Structure Dynamics'

2016 ◽  
Author(s):  
Chang Y. Ha ◽  
Hyun Joong Im ◽  
Ya Kang ◽  
Janghoon Shon
Keyword(s):  
Capital Structure ◽  
Structure Dynamics

Can machines learn capital structure dynamics?

2021 ◽  
pp. 102073
Author(s):  
Shahram Amini ◽  
Jack Strauss ◽  
Ryan Elmore ◽  
Özde Öztekin
Keyword(s):  
Capital Structure ◽  
Structure Dynamics

Multinationality and capital structure dynamics: A corporate governance explanation

2021 ◽  
Vol 76 ◽  
pp. 101758
Author(s):  
Daniel Gyimah ◽  
Nana Abena Kwansa ◽  
Anthony K. Kyiu ◽  
Anywhere (Siko) Sikochi
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Structure Dynamics

Confirming Anomalies

2021 ◽  
pp. 2150024
Author(s):  
Peter Chinloy ◽  
Matthew Imes
Keyword(s):  
Capital Structure ◽  
Stock Returns ◽  
Cost Of Capital ◽  
Simultaneous Equations ◽  
Second Stage ◽  
Predicted Values ◽  
The Cost ◽  
Over Time ◽  
Identification Strategy

A procedure confirms whether a return-factor correlation is anomalous or results from endogenous simultaneous-equations bias. The identification strategy sorts the cost of capital components for instruments. In the first stage, the initially found factors are regressed on cost instruments. In the second stage, a confirmed anomaly has predicted value significant in returns and exogenous. Taxes, depreciation and capital structure are strong instruments, affecting 1980–2017 quarterly U.S. stock returns. Size, value and profitability decisions are significant in instruments. Returns increase in fitted profits, but not small size. Actual and predicted values have weaker correlation with returns over time.

Do Financially Constrained Firms Earn Higher Returns than the Unconstrained Firms? A Comprehensive Evidence from Pakistan Stock Exchange

2020 ◽  
Keyword(s):  
Time Series ◽  
Asset Pricing ◽  
Capital Structure ◽  
Stock Returns ◽  
Financial Constraints ◽  
Stock Exchange ◽  
Cash Flows ◽  
Total Asset ◽  
Cash Holding ◽  
The Relationship

This paper examines the relationship between financial constraints and the stock returns explaining the pricing of stock through financially constrained and unconstrained firms in Pakistan. Three proxies; total assets, tangible to total assets and cash holding to total assets ratios) have been used for financial constraints and the study tried to investigate that either the investors are compensated for taking the extra risk or not in Pakistan Stock Exchange (PSX). We find that the financially constrained firms don’t earn higher returns when their capital structure is heavy with liquid assets and their cash flows are more than the unconstrained firms in PSX. Moreover, the time series results showed that the risk-adjusted returns of the most constrained firms give the mix and somewhat negative and significant and insignificant results for the Pakistani firms listed in PSX sorted based on tangible to total assets and Cash holding to total asset ratios. Keywords: Asset Pricing, Financial constraints, risk-adjusted performance of portfolios

Credit Market Frictions and Capital Structure Dynamics

2012 ◽  
Author(s):  
Julien N. Hugonnier ◽  
Semyon Malamud ◽  
Erwan Morellec
Keyword(s):  
Capital Structure ◽  
Credit Market ◽  
Market Frictions ◽  
Structure Dynamics ◽  
Credit Market Frictions

Asymmetric peer effects in capital structure dynamics

2019 ◽  
Vol 176 ◽  
pp. 17-22 ◽  
Author(s):  
Hyun Joong Im
Keyword(s):  
Capital Structure ◽  
Peer Effects ◽  
Structure Dynamics

Foreign ownership and capital structure dynamics

2020 ◽  
Vol 36 ◽  
pp. 101337 ◽  
Author(s):  
Trung K. Do ◽  
Tuan N. Lai ◽  
Thuy T.C. Tran
Keyword(s):  
Capital Structure ◽  
Foreign Ownership ◽  
Structure Dynamics

scholarly journals PERAN PROFITABILITAS MEMEDIASI PENGARUH LIKUIDITAS DAN STRUKTUR MODAL TERHADAP RETURN SAHAM

2019 ◽  
Vol 8 (6) ◽  
pp. 3303
Author(s):  
Ni Made Cindy Ardina Antariksa ◽  
Gede Merta Sudiartha
Keyword(s):  
Data Collection ◽  
Capital Structure ◽  
Path Analysis ◽  
Stock Returns ◽  
Sampling Method ◽  
Stock Exchange ◽  
Participant Observation ◽  
Total Sample ◽  
Analysis Technique

mediated by profitability. The population used in this study are textile and garment companies listed on the Indonesia Stock Exchange in 2015-2017. The sampling method used was saturated sampling with a total sample of 14 companies. Data collection is done through non-participant observation. The analysis technique used is path analysis carried out using SPSS version 22. Based on the results of the analysis concluded that liquidity has a positive and significant effect on profitability, liquidity has a negative and not significant effect on stock returns, capital structure has a negative and significant effect on profitability, influential capital structure negative and significant effect on stock returns, profitability has a negative and significant effect on stock returns, profitability is able to mediate the effect of liquidity on stock returns, and profitability is not able to mediate the effect of capital structure on stock returns. Keywords: liquidity, capital structure, profitability, stock returns

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