Capital structure theories seek to explain why businesses choose different mixes of debt and equity to finance their operations. Banking firms represent a special case because of certain unique ...

A company needs financial capital to operate its business. For most companies, financial capital is raised by issuing debt securities and by selling common stock. The amount of debt and equity that ...

This study investigates the impact of foreign direct investment (FDI) and export on capital structure for firms in emerging economies. The hypotheses are developed based on an agency theory ...

In a spin‐off, the parent divides the assets of the firm and chooses the capital structure for the new, stand‐alone entity. I therefore use this sample to investigate how firms determine their capital ...