The Capital Structure of Swiss Companies: An Empirical Analysis using Dynamic Panel Data

2003 ◽  
Author(s):  
Philippe Gaud ◽  
Elion Jani ◽  
Martin Edward Ralph Hoesli ◽  
Andre Bender
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Empirical Analysis ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
The Capital Structure

Evaluating the impact of economic factors on REITs' capital structure around the world

2014 ◽  
Vol 32 (1) ◽  
pp. 5-20 ◽  
Author(s):  
Antonios Rovolis ◽  
Andreas Feidakis
Keyword(s):  
Panel Data ◽  
Real Estate ◽  
Capital Structure ◽  
Interest Rates ◽  
Financial Management ◽  
Dynamic Panel Data ◽  
Content Type ◽  
The World ◽  
The Impact ◽  
The Capital Structure

Purpose – This paper aims to examine the determinants of the capital structure of real estate investment trusts (REITs) across the world and explore whether this structure is characterized by any common factors. Design/methodology/approach – Endogenous and exogenous factors that affect the financial management of real estate firms are identified in the analysis. “Regular” (static) panel data regression analysis, as well as dynamic panel data techniques, is applied to a panel of listed real estate firms from 2005 to 2010. Findings – Empirical results showed that factors such as tangibility, size of the company, growth opportunities, assets turnover affect positively the financial leverage of REITs; conversely, other determinants, being debit's cost, GDP, and long-term interest rates, are negatively correlated with the financial gearing of the REITs. Practical implications – This paper identifies factors that determine the capital structure of REITs around the world. Firm executives and policy makers in different countries may wish to adjust their policies (regarding capital structure) according to the empirical findings. Originality/value – This study, using a comprehensive dataset from all over the world, investigates whether there are solid and mutual factors that can characterize the capital structure of REITs.

scholarly journals Firm size and capital structure: evidence using dynamic panel data

2011 ◽  
Vol 44 (36) ◽  
pp. 4745-4754 ◽  
Author(s):  
Víctor M. González ◽  
Francisco González
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Firm Size ◽  
Dynamic Panel Data ◽  
Dynamic Panel

scholarly journals Capital structure of Brazilian public companies: normality, global financial crisis and economic recession

2018 ◽  
Vol 64 (1) ◽  
pp. 78
Author(s):  
Flavio Paulino Ramos Júnior ◽  
Isabela dos Santos ◽  
Luiz Eduardo Gaio ◽  
Nelson Oliveira Stefanelli ◽  
Ivan Carlin Passos
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Financial Crisis ◽  
Capital Structure ◽  
Empirical Analysis ◽  
Global Financial Crisis ◽  
Economic Recession ◽  
Public Companies ◽  
Main Determinants ◽  
The Capital Structure

<p>This article aims to identify the determinants of the capital structure of Brazilian companies and compare it with financial theories. In addition, the normality periods (2007, 2009–2014) and financial crisis periods (2008 and 2015) will be considered in the analysis. The sample has 114 Brazilian public companies in the periods from 2007 to 2015. The methodology used for data analysis was multiple regression for panel data. The results showed that there are differences between the determinants of the capital structure in periods of crisis and of normality. Some of the hypotheses tested were accepted. These hypotheses relate financial theory to empirical analysis. Finally, the research contributed by demonstrating the main determinants of the capital structure in the analyzed periods, showing changes between such determinants.</p>

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