Corporate Governance and Capital Structure Dynamics

2008 ◽  
Author(s):  
Erwan Morellec ◽  
Boris Nikolov ◽  
Norman Schürhoff
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Structure Dynamics

Multinationality and capital structure dynamics: A corporate governance explanation

2021 ◽  
Vol 76 ◽  
pp. 101758
Author(s):  
Daniel Gyimah ◽  
Nana Abena Kwansa ◽  
Anthony K. Kyiu ◽  
Anywhere (Siko) Sikochi
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Structure Dynamics

scholarly journals CORPORATE GOVERNANCE AND CAPITAL STRUCTURE DYNAMICS: AN EMPIRICAL STUDY

2015 ◽  
Vol 38 (2) ◽  
pp. 169-192 ◽  
Author(s):  
Li‐Kai (Connie) Liao ◽  
Tarun Mukherjee ◽  
Wei Wang
Keyword(s):  
Corporate Governance ◽  
Empirical Study ◽  
Capital Structure ◽  
Structure Dynamics

Corporate Governance and Capital Structure Dynamics

2012 ◽  
Vol 67 (3) ◽  
pp. 803-848 ◽  
Author(s):  
ERWAN MORELLEC ◽  
BORIS NIKOLOV ◽  
NORMAN SCHÜRHOFF
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Structure Dynamics

scholarly journals Board monitoring and capital structure dynamics: evidence from bank-based economies

2021 ◽  
Author(s):  
Ernest Ezeani ◽  
Rami Salem ◽  
Frank Kwabi ◽  
Khalid Boutaine ◽  
Bilal ◽  
...  
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Speed Of Adjustment ◽  
Board Characteristics ◽  
Structure Dynamics ◽  
Governance Environment ◽  
Board Monitoring ◽  
The Impact ◽  
Oriented System ◽  
The Capital Structure

AbstractWe examine the impact of board characteristics on the speed of adjustment and the capital structure dynamics of firms in bank-based economies. Using 3927 firm-year observations over a 10-year (2009–2019), we find that board characteristic influences firms' speed of adjustment in a bank-based (stakeholder-oriented) system. We also find some evidence that board characteristics have varying impacts on the capital structure of Japanese, French and German firms. We conclude that firms' capital structure reflects the corporate governance environment they operate. Our results are robust to accounting for endogeneity and alternative leverage measure.

The Effects of Capital Structure and Good Corporate Governance on Company Value

2020 ◽  
Vol 24 (02) ◽  
pp. 3002-3011
Author(s):  
Eristy Minda Utami ◽  
Fani Nuryani ◽  
Deden Novan Setiawan Nugraha
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Company Value ◽  
Good Corporate Governance

Corporate governance practices and capital structure decisions: the moderating effect of gender diversity

2020 ◽  
Vol 20 (5) ◽  
pp. 939-964
Author(s):  
Mohammad A.A Zaid ◽  
Man Wang ◽  
Sara T.F. Abuhijleh ◽  
Ayman Issa ◽  
Mohammed W.A. Saleh ◽  
...  
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Capital Structure ◽  
Generalized Method Of Moments ◽  
Gender Diversity ◽  
Business Environment ◽  
Board Structure ◽  
Content Type ◽  
Financing Decisions ◽  
The Impact

Purpose Motivated by the agency theory, this study aims to empirically examine the nexus between board attributes and a firm’s financing decisions of non-financial listed firms in Palestine and how the previous relationship is moderated and shaped by the level of gender diversity. Design/methodology/approach Multiple regression analysis on a panel data was used. Further, we applied three different approaches of static panel data “pooled OLS, fixed effect and random effect.” Fixed-effects estimator was selected as the optimal and most appropriate model. In addition, to control for the potential endogeneity problem and to profoundly analyze the study data, the authors perform the one-step system generalized method of moments (GMM) estimator. Dynamic panel GMM specification was superior in generating robust findings. Findings The findings clearly unveil that all explanatory variables in the study model have a significant influence on the firm’s financing decisions. Moreover, the results report that the impact of board size and board independence are more positive under conditions of a high level of gender diversity, whereas the influence of CEO duality on the firm’s leverage level turned from negative to positive. In a nutshell, gender diversity moderates the effect of board structure on a firm’s financing decisions. Research limitations/implications This study was restricted to one institutional context (Palestine); therefore, the results reflect the attributes of the Palestinian business environment. In this vein, it is possible to generate different findings in other countries, particularly in developed markets. Practical implications The findings of this study can draw responsible parties and policymakers’ attention in developing countries to introduce and contextualize new mechanisms that can lead to better monitoring process and help firms in attracting better resources and establishing an optimal capital structure. For instance, entities should mandate a minimum quota for the proportion of women incorporation in boardrooms. Originality/value This study provides empirical evidence on the moderating role of gender diversity on the effect of board structure on firm’s financing decisions, something that was predominantly neglected by the earlier studies and has not yet examined by ancestors. Thereby, to protrude nuanced understanding of this novel and unprecedented idea, this study thoroughly bridges this research gap and contributes practically and theoretically to the existing corporate governance–capital structure literature.

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