RESEARCH TOPICS IN FINANCE - CAPITAL STRUCTURE


Firm capital structure and:
  • its determinants
  • tests of pecking order theory
  • tests of trade off theory
  • tests of static and dynamic trade off theories
  • personal and corporate taxations
  • marginal tax rates
  • tests of agency theory
  • firm dividend policy
  • firm investment decisions
  • firm growth opportunities
  • underinvestment problems
  • free cash flow hypothesis
  • human capital hypothesis
  • legal protection of investors
  • country legal system
  • judicial efficiency of a country
  • bankruptcy costs
  • managerial ownership
  • institutional ownership
  • family ownership
  • dispersed and concentrated ownership
  • corporate group association
  • corporate governance
  • board independence
  • controlling shareholders
  • board structure
  • compensation structure
  • dividend policy
  • stock repurchase decision
  • firm liquidity policies 
  • firm size
  • growth opportunities
  • product market competition
  • derivative use
  • hedging decisions
  • merger decisions
  • firm life cycle
  • earning management
  • corporate disclosure policies
  • business cycle
  • partial adjustment models
  • country's culture
  • economic policy uncertainty
  • inflation
  • investment timing
  • market timing
  • capital market development
  • credit rating of a firm
  • information asymmetry costs
  • transaction costs of external finance
  • bank vs market based economies
  • control rights and cash flow rights
  • institutional framework
  • state ownership
  • equity mispricing
  • overconfidence and optimism
  • product market flexibility
  • relevance of collateral
  • credit rationing
  • credit monitoring
  • macroeconomic factors
  • ...