scholarly journals review of capital structure theory using a bibliometric analysis

2015 ◽  
Vol 12 (2) ◽  
Author(s):  
Denis Marinšek

Author citation and co-citation analysis is a simple, yet powerful educational tool for detecting the most relevant papers from any research field. I demonstrate its use and graphically show a chronological development of capital structure theory, which highlights the most important contributions. I then systematically present the capital structure theory, starting with Modigliani & Miller's irrelevance theorem, and continue with four alternative explanations of firm capital structure behaviour. This paper is particularly useful for PhD students and junior researchers who need to familiarize with the literature of their own research field, and for those, interested in the up-to-date review on capital structure theory.

2020 ◽  
Vol 7 (2) ◽  
pp. 201-228
Author(s):  
Muhammad Agus Salim ◽  
Ahmad Rodoni

This paper studies the current development of the capital structure theory, to explore the connection between this theory and the Islamic finance, and to investigate the connection between the capital structure and the process of syari`ah (Islamic law) screening in three stock exchanges of syari`ah. Here, this article employs a qualitative approach by delving other scholars’ theories that have studied the capital structure of the Islamic finance. Next, this paper demontates an important finding; that is, limitation is necessary for the use of debt in a company that operates on the basis of Islamic principles. In this regard, as a debt has to have a favor for asset, the company, which operates on the basis of Islamic principles, is not to go beyond the real asset. The difference of the syari`ah screening model in those three stock exchanges is influenced by some crucial factors in the way the company decides its syari`ah screening model. They are, such as the difference of a social structure in a country, its modification of the monetary industry, and its variance of the school of thought adhered by some Muslim learned people.


TEME ◽  
2017 ◽  
pp. 1309
Author(s):  
Predrag Stančić ◽  
Marina Janković ◽  
Milan Čupić

Decisions on capital structure and leverage can significantly determine the capabilities of the company to survive, grow and develop. However, there is as yet no unified theoretical viewpoint on the capital structure that maximizes company value. The objective of this study is to investigate the relevance of alternative capital structure theories in Serbian economy by analyzing the influence of company’s financial performances on the leverage. The research was conducted from 2008 to 2012 on a sample of 300 largest non-financial companies from Serbia ranked by revenue in 2012. We find that financial performances influence differently the capital structure of production and service companies. The results of our study are not in accordance with any capital structure theory taken into consideration. The relations between financial performances and capital structure observed in the study are typical of companies in developing economies.


2018 ◽  
Vol 9 (6S) ◽  
pp. 900
Author(s):  
N.A. Sanusi ◽  
A.G. Talattov ◽  
S. Kusairi ◽  
A.H.S.M. Nor

2011 ◽  
Author(s):  
Tsung-Kang Chen ◽  
Mao-Wei Hung ◽  
Hsien-Hsing Liao ◽  
Ju-Fang Yen

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