Interaction of Debt Agency Problems and Optimal Capital Structure: Theory and Evidence

2003 ◽  
Vol 38 (2) ◽  
pp. 399 ◽  
Author(s):  
Connie X. Mao
Keyword(s):  
Capital Structure ◽  
Agency Problems ◽  
Structure Theory ◽  
Optimal Capital Structure ◽  
Optimal Capital ◽  
Capital Structure Theory

scholarly journals Capital structure decisions: The views of investment advisors

1995 ◽  
Vol 26 (2) ◽  
pp. 58-63
Author(s):  
Fani Titi ◽  
Merle Sandler ◽  
Mike Ward
Keyword(s):  
Factor Analysis ◽  
Content Analysis ◽  
Capital Structure ◽  
Structure Theory ◽  
Optimal Capital Structure ◽  
Financing Costs ◽  
Optimal Capital ◽  
Capital Structure Theory ◽  
Insight Into ◽  
Clear Support

In this research a survey was used to gain insight into the factors that affect the choice of capital structure, from the perspective of investment advisors. Content analysis of responses to open-ended questions in the questionnaire and interviews showed a clear support for the optimal capital structure theory and indicated theory-based approaches to the choice between different financing instruments. Factor analysis showed that taxation implications, market concerns and financing costs affect capital structure decisions. The results indicate that asymmetric information and signalling are important concerns but provide little evidence regarding the importance of agency considerations.

scholarly journals Management of capital structure in process of ensuring financial security in agroholding

2019 ◽  
Vol 16 (5) ◽  
pp. 22-39
Author(s):  
Yu. N. Katkov ◽  
M. S. Galkin ◽  
O. L. Mendes
Keyword(s):  
Capital Structure ◽  
Business Environment ◽  
Structure Theory ◽  
Financial Security ◽  
Financing System ◽  
Financing Structure ◽  
Optimal Capital Structure ◽  
Industrial Group ◽  
Capital Structure Theory ◽  
Common Understanding

The economic realities in Russia, characterized by the intensification of uncertainty and risks in business environment, dictate the need to find and implement effective tools to ensure financial security of business. An important role in this process is assigned to the processes of planning sources of financial resources and managing a financing system of organization. Basically, these tasks lie in the plane of optimal capital structure theory. However, despite extensive theoretical base, there is still no common understanding about the optimal ratio between own and borrowed sources in the company's financing structure. The authors reviewed a methodological and practical aspects of optimizing capital structure in agro-industrial group of companies within the framework of ensuring and maintaining an acceptable level of financial security both in the short term and on the strategic horizon of its operation.

Capital Structure Theory and Retention Policy

2011 ◽  
Author(s):  
Tsung-Kang Chen ◽  
Mao-Wei Hung ◽  
Hsien-Hsing Liao ◽  
Ju-Fang Yen
Keyword(s):  
Capital Structure ◽  
Structure Theory ◽  
Retention Policy ◽  
Capital Structure Theory
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