Empirical modelling of capital structure: Jordanian evidence.

Article


Al-Najjar, B. 2011. Empirical modelling of capital structure: Jordanian evidence. Journal of emerging market finance. 10 (1), pp. 1-19. https://doi.org/10.1111/j.1099-1123.2011.00429.x
TypeArticle
TitleEmpirical modelling of capital structure: Jordanian evidence.
AuthorsAl-Najjar, B.
Abstract

This article provides evidence about the determinants of capital structure in developing countries through studying non-financial Jordanian firms. We detect that capital structure choice in Jordan is influenced by similar set of factors suggested in the developed markets, namely, institutional ownership, profitability, business risk, asset tangibility, asset liquidity, market-to-book and firm size. The findings are consistent with the related studies in both developed and developing countries. In addition, we report that Jordanian firms have target capital structure ratios and that they adjust relatively quickly to their targets.

PublisherSage
JournalJournal of emerging market finance
ISSN0972-6527
Publication dates
PrintApr 2011
Publication process dates
Deposited29 Mar 2011
Output statusPublished
Digital Object Identifier (DOI)https://doi.org/10.1111/j.1099-1123.2011.00429.x
LanguageEnglish
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https://repository.mdx.ac.uk/item/83307

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