The Relationship between Profitability and Sustainability of the Capital Structure of Listed Companies in Tehran Stock Exchange

2014 ◽  
Vol 3 (12.a) ◽  
pp. 249-260
Author(s):  
Reza Ataei Zadeh ◽  
Farzad Nemati ◽  
Bahman Babaei ◽  
Saeed Narimani
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Listed Companies ◽  
The Relationship ◽  
The Capital Structure

scholarly journals Is There Any Relation between Intellectual Capital and the Capital Structure of a Company? The Case of Polish Listed Companies

e-Finanse ◽  
2015 ◽  
Vol 11 (4) ◽  
pp. 23-33
Author(s):  
Monika Bolek ◽  
Katerina Lyroudi
Keyword(s):  
Capital Structure ◽  
Intellectual Capital ◽  
Intangible Assets ◽  
Stock Exchange ◽  
Equity Capital ◽  
Warsaw Stock Exchange ◽  
Relationship Of ◽  
The Relationship ◽  
A Company ◽  
The Capital Structure

Abstract This study investigates the relationship of the intellectual capital of a company (proxied by its intangible assets), with leverage and equity and capital structure. Our empirical results indicate that there is a negative relation between the intellectual capital (intangible assets) of a company and its leverage based on the Warsaw Stock Exchange main market and NewConnect alternative market. Moreover, the equity capital is found positively related to the level of intangibles in each of the two markets. These results support the thesis that intellectual capital (intangible assets) influences the capital structure of a company.

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 Hubungan Struktur Modal Dan Profitabilitas: Analisis Perusahaan Infrastruktur pada Indonesian Stock Exchange Tahun 2012-2016

2019 ◽  
Vol 7 (2) ◽  
Author(s):  
Eddy Winarso, Francis M. Hutabarat
Keyword(s):  
Regression Analysis ◽  
Capital Structure ◽  
Significant Relationship ◽  
Stock Exchange ◽  
Statistical Software ◽  
Return On Equity ◽  
Correlation And Regression Analysis ◽  
Auto Correlation ◽  
The Relationship ◽  
The Capital Structure

The purpose of this research is to analyze the relationship between capital structure and profitability of infrastructure companies listed in SMINFRA18 on the Indonesia Stock Exchange from 2012-2016. The advantage of an appropriate capital structure can help companies to grow primarily in the profits of their companies. This research is descriptive-correlation and quantitative approach. The data used in this study is the Capital Structure and Profitability Data of Infrastructure Companies in the Indonesia Stock Exchange which are members of the SMINFRA Index. There are 18 companies listed in the index which are the best companies in the infrastructure industry. The ratio used to describe the capital structure is Debt to Equity and the profitability ratio used is Return on Equity. This study uses statistical software to analyze: Auto-correlation, Multicollinearity, Normality, Heterocedascity, Correlation, and Regression analysis. Thus, the results of the study show that there is a significant relationship between capital structure and profitability in the SMINFRA18 Infrastructure Company listed on the Indonesia Stock Exchange.Keywords: Capital Structure, Profitability, Infrastructure, return on equity

scholarly journals The Effect of Firm Size and Profitability on Firm Value with Capital Structure as Intervening Variables in Indonesia

2019 ◽  
Vol 4 (2) ◽  
pp. 55
Author(s):  
Indra Arifin Djashan
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Company Performance ◽  
Purposive Sampling ◽  
The Impact ◽  
The Relationship ◽  
Intervening Variables ◽  
The Capital Structure

This study examines the impact of firm size and profitability on firm value with capital structure as an intervening variable in financial companies listed on the Indonesia Stock Exchange during three years. The method used for sampling is purposive sampling based on predetermined criteria. The number of samples in this study were 73 companies. Measurement of profitability is using ROA and ROE as one indicator to see company performance. The main purpose of companies that have gone public is to increase the prosperity of the owners or shareholders through increasing the value of the company. The results showed that the improvement of profitability and firm size may improve its capital structure. The improvement of profitability and the firm size may increase significantly the firm value. The results of mediating test showed that the capital structure is not able to mediate the relationship between the profitability and firm size to firm value

An Empirical Study on Capital Structure and Corporate Performance of Chinese Listed Companies

2016 ◽  
Vol 5 (3) ◽  
Author(s):  
Fahd Al-Duais
Keyword(s):  
Capital Structure ◽  
Corporate Performance ◽  
Positive Impact ◽  
Stock Exchange ◽  
Listed Companies ◽  
Short Term ◽  
Chinese Listed Companies ◽  
The Impact ◽  
The Relationship

The relationship between level of debt and the companys performance remains an important unsolved issue in the field of financing. It is very important to know how Chinas listed companies manage their capital towards business growth. This paper investigates the impact of the capital structure on corporate performance of a sample of 711 listed companies on the Shenzhen Stock Exchange in China in 2014. The results indicates that there is a positive relation between financial leverage and corporate performance as well as there is a positive impact that the mixture of long-term debt and short-term debt (using total debt). This would help decision maker in the companies to finance firms operation in the both periods. On the other hand, the short term debt has a negative relation and impact on corporate performance compared to the changing in firm size which cannot change in the profitability of firms.

scholarly journals Capital Structure Management of Joint Venture Banks of Nepal

2018 ◽  
Vol 1 (1) ◽  
pp. 58
Author(s):  
Sujata Timsina
Keyword(s):  
Capital Structure ◽  
Management Practices ◽  
Joint Venture ◽  
Stock Exchange ◽  
Secondary Data ◽  
Regulatory Requirements ◽  
Bank Profitability ◽  
Correlation And Regression Analysis ◽  
The Relationship ◽  
The Capital Structure

<p>This study entitled,” Capital Structure Management of Joint Venture Banks of Nepal” has been conducted to examine whether the determinants of capital structure affect the leverage position of joint venture banks. Three joint venture banks have been selected for the study based on their similarities in assets size and age. The study intends to test the relationship between capital structure and profitability and evaluate the optimality of the capital structure of the banks. The main purpose of this study is to analyze and compare the capital structure management practices of three leading joint venture banks taken into consideration.</p><p>This study has been conducted with the secondary data obtained from the quarterly financial statements, annual publications of NRB and even from the official website of Nepal Stock Exchange. A linear regression model has been applied for analyzing the data. Six independent variables have been identified based on the standard determinants of capital structure. The variables include size, profitability, assets tangibility, liquidity, risk and growth. To determine the variables, previous studies particularly of Sailaja and Madhavi (2015), Singh and Tandon (2012) and Basnet (2015) have been consulted. Statistical and financial tools such as ratio analysis, correlation and regression analysis as well as inferential analysis have been used to analyze the quantitative data.</p><p>The researcher has been able to draw the conclusion that the regulatory requirements also affect the leverage position. In addition to these, factors that are significant to the capital structure of the three sample banks are size of the bank, profitability, liquidity and growth. The study has thus helped to find out strengths &amp; weaknesses of the joint venture banks. With these findings, the study might be helpful to drive the banks into the progressive track. Understanding these factors and their crucial relationships with leverage will help to maximize the value of the bank and minimize the overall cost of capital.</p><p>The study concludes that amongst the three joint venture banks taken into consideration, Everest Bank Limited is the better in terms of profitability, Himalayan Bank Limited is better in terms of stability and Nepal SBI Bank is more risk prone but has sufficient liquidity. Hence, the study shows that the standard determinants of capital structure are actually able to explain the variation in leverage of banks.</p><p>Journal of Business and Social Sciences Research, Vol. 1, Issue 1, pp. 58-79</p>

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