scholarly journals Capital Structure in South Korea: A Quantile Regression Approach

2003 ◽  
Author(s):  
Bassam Fattouh ◽  
Pasquale Scaramozzino ◽  
Laurence Harris
Keyword(s):  
South Korea ◽  
Capital Structure ◽  
Quantile Regression ◽  
Regression Approach

scholarly journals Capital structure in South Korea: a quantile regression approach

2005 ◽  
Vol 76 (1) ◽  
pp. 231-250 ◽  
Author(s):  
Bassam Fattouh ◽  
Pasquale Scaramozzino ◽  
Laurence Harris
Keyword(s):  
South Korea ◽  
Capital Structure ◽  
Quantile Regression ◽  
Regression Approach

scholarly journals Capital Structure and Bank Profitability in Vietnam: A Quantile Regression Approach

2020 ◽  
Vol 13 (8) ◽  
pp. 168 ◽  
Author(s):  
Tu D. Q. Le ◽  
Dat T. Nguyen
Keyword(s):  
Capital Structure ◽  
Quantile Regression ◽  
Banking System ◽  
Capital Requirements ◽  
Bank Capital ◽  
Bank Profitability ◽  
Continuous Increase ◽  
Regression Approach ◽  
The Impact ◽  
Quantile Regression Method

We empirically investigate the impact of capital structure on bank profitability using a quantile regression method in the Vietnamese banking system during 2007–2019. Our results suggest that the nonlinear relationship between capitalization and bank profitability is only significant at the 90th quantile. This is the first study to conclude that the turning point of capital ratio increases throughout the profitability distribution. Our findings thus suggest that a continuous increase in bank capital requirements does not necessarily result in higher bank profitability.

scholarly journals Capital Structure and Speed of Adjustment in U.S. Firms. Α Comparative Study in Microeconomic and Macroeconomic Conditions-A Quantile Regression Approach

2019 ◽  
Vol 12 (10) ◽  
pp. 98
Author(s):  
Andreas Kaloudis ◽  
Dimitrios Tsolis
Keyword(s):  
Capital Structure ◽  
Quantile Regression ◽  
Macroeconomic Factors ◽  
Partial Adjustment ◽  
Macroeconomic Conditions ◽  
Speed Of Adjustment ◽  
Quantile Regression Model ◽  
Partial Adjustment Model ◽  
Book Versus ◽  
Regression Approach

The major perspective of this paper is to provide more evidence regarding how “quickly”, in different macroeconomic states, firms adjust their capital structure to their leverage targets. This study extends the empirical research on the topic of capital structure by focusing on a quantile regression model to investigate the behavior of firm-specific and macroeconomic factors across all quantiles of distribution of leverage (book leverage and market leverage). Therefore, depending on a partial adjustment model, we find that the adjustment speed fluctuated in different stages of book versus market leverage. Furthermore, while macroeconomic states change, we detect clear differentiations of the contribution and the effects of the firm-specific and the macroeconomic variables between market leverage and book leverage debt ratios. Consequently, we deduce that across different macroeconomic states the nature and maturity of borrowing influence the persistence and endurance of the relation between determinants and borrowing. 

scholarly journals Determinants of capital structure of listed firms in Vietnam: A quantile regression approach

2017 ◽  
Vol 24 (02) ◽  
pp. 114-131
Author(s):  
Canh Nguyen Thi ◽  
Liem Nguyen Thanh ◽  
Son Tran Hung
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Quantile Regression ◽  
Linear Relationship ◽  
Firm Characteristics ◽  
Conditional Quantile ◽  
Listed Firms ◽  
Panel Data Methods ◽  
Regression Approach ◽  
Different Levels

This study empirically examines the link between firm characteristics and leverage using the data of Vietnamese non-financial listed firms from 2006 to 2015. In addition to traditional panel data methods, we employ a conditional quantile regression that unveils the behavior of regressors throughout the leverage distribution. The results confirm the non-linear relationship between firm characteristics and leverage at different levels of debt.

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