scholarly journals Empirical Research of the Capital Structure Influencing Factors of Electric Power Listed Companies

2009 ◽  
Vol 1 (1) ◽  
Author(s):  
Yuanxin Liu ◽  
Xiangbo Ning
Keyword(s):  
Capital Structure ◽  
Electric Power ◽  
Empirical Research ◽  
Influencing Factors ◽  
Listed Companies ◽  
The Capital Structure

scholarly journals PROFITABILITY, GROWTH OPPORTUNITY, CAPITAL STRUCTURE AND THE FIRM VALUE

2014 ◽  
Vol 16 (2) ◽  
pp. 115-136 ◽  
Author(s):  
Sri Hermuningsih
Keyword(s):  
Capital Structure ◽  
Structural Equation Model ◽  
Firm Value ◽  
Structural Equation ◽  
Stock Exchange ◽  
Listed Companies ◽  
Equation Model ◽  
Growth Opportunity ◽  
The Capital Structure

This paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital structure positively and significanctly affect the company’s value. Secondly, the capital structure intervene the effect of growth profitability on company’s value, but not for profitability. Keywords: profitability, growth opportunitiy, capital structure, firm value, SEM.JEL Classification: C51, G32, L25

scholarly journals PENGARUH PROFITABILITAS, GROWTH OPPORTUNITY, STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PUBLIK DI INDONESIA

2014 ◽  
Vol 16 (2) ◽  
pp. 127-148 ◽  
Author(s):  
Sri Hermuningsih
Keyword(s):  
Capital Structure ◽  
Structural Equation Model ◽  
Firm Value ◽  
Structural Equation ◽  
Stock Exchange ◽  
Listed Companies ◽  
Equation Model ◽  
Growth Opportunity ◽  
The Capital Structure

This paper examines the influence of profitability, growth opportunity, and capital structure on firm value. We apply Structural Equation Model (SEM) on 150 listed companies on the Indonesia Stock Exchange during 2006 to 2010. The result shows that profitability, growth opportunity and capital structure positively and significanctly affect the company’s value. Secondly, the capital structure intervene the effect of growth profitability on company’s value, but not for profitability. Keywords: profitability, growth opportunitiy, capital structure, firm value, SEM.JEL Classification: C51, G32, L25

scholarly journals The Capital Structure of Listed Companies in Poland

1997 ◽  
Vol 97 (175) ◽  
pp. 1 ◽  
Author(s):  
Qaizar Hussain ◽  
Eugeniy Nivorozhkin ◽  
◽  
Keyword(s):  
Capital Structure ◽  
Listed Companies ◽  
The Capital Structure

scholarly journals Property Rights, Tax Avoidance and Capital Structure: Data from China Stock Markets

2018 ◽  
Vol 10 (11) ◽  
pp. 13
Author(s):  
Pei Wang ◽  
Kun Guo ◽  
Dan Ding ◽  
Shuyi Li
Keyword(s):  
Capital Structure ◽  
Economic System ◽  
Negative Correlation ◽  
Tax Avoidance ◽  
Listed Companies ◽  
Debt Ratio ◽  
Share Ownership ◽  
Significant Difference ◽  
The Impact ◽  
The Capital Structure

This paper investigates the influence of tax avoidance on capital structure based on share ownership under China’s economic system. Previous research has indicated that tax avoidance exits and has a potential effect on firms’ capital structure, but there is little literature focusing on this influence based on China’s economic system. In light of that, this paper uses A-share data of the Shanghai and Shenzhen stock exchange from 2007 to 2016 as samples to study the impact of tax avoidance on the capital structure based on China’s economic system. The results suggest that, firstly, there is a significant negative correlation between tax avoidance and the debt ratio of the listed companies; secondly, there is a significant difference in the effect of corporate tax avoidance on the debt ratio of different industries and different equity ownership. Besides, by regrouping the samples according to the share ownership and the degree of tax avoidance, it is revealed that China’s unique economic system would lead to an impact of tax avoidance on the capital structure that differs from other countries. Finally, it is found that there is a negative correlation between the degree of tax avoidance of the listed companies and the dynamic adjustment of assets-liability ratio through the extended study, further verifying that there is a substitution relationship between tax avoidance of the listed companies and their debt financing.

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