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Empirical modelling of capital structure Jordanian evidence

Al-Najjar, Basil (2011) Empirical modelling of capital structure Jordanian evidence. Journal of Emerging Market Finance 10 (1), pp. 1-19. ISSN 0972-6527.

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Official URL: http://dx.doi.org/10.1177/097265271101000101

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.

Item Type: Article
School or Research Centre: Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Management
Depositing User: Dr Basil Al-Najjar
Date Deposited: 26 Oct 2012 08:41
Last Modified: 17 Apr 2013 12:25
URI: http://eprints.bbk.ac.uk/id/eprint/5378

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