Determinants of capital structure: new evidence from Spanish panel data

By A. Miguel, Julio Pindado. 2001

669 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/3685d58e461b1d8efbf6334240a117932d3cc3ec

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Citations in the corpus

Family control and investment–cash flow sensitivity: Empirical evidence from the Euro zone (2011, neutral): “This variable has been computed as in Miguel and Pindado (2001). Return on assets it it it K EBIT ROA / = where it EBIT is earnings before interest and taxes of the firm in year t.”
Financial Structure of the Family Business: Evidence From a Group of Small Spanish Firms (2007, background): “Following Miguel and Pindado (2001), we deduct the mean on the numerator of the quotient in order to compensate the companies with losses.”
Trade-Off Theory versus Pecking Order Theory: capital structure decisions in a peripheral region of Portugal (2014, methodology): “Although considering large firms quoted on the stock market, Kremp et al. (1999) obtain values of 0.53 and 0.28 for Germany, Shyam-Sunder and Myers (1999) 0.59 for the United States, De Miguel and Pindado (2001) 0.79 for Spain and Ozkan (2001) 0.57 for the United Kingdom.”
Capital structure determinants: an empirical study of French companies in the wine industry (2008, neutral): “σ : Standard deviation Bradley et al., 1984; Lee & Kwok, 1988; Titman & Wessels, 1988; Homaifar et al., 1994; Michaleas et al., 1999; Ghosh et al., 2000; Booth et al., 2001; Miguel, & Pintado, 2001; Cassar & Holmes, 2003; Deesomsak, 2004; Gaud et al., 2005; Song, 2005”
What determines the speed of adjustment to the target capital structure? (2006, methodology): “Using Spanish data, De Miguel and Pindado (2001) present a novel methodology to”
The relationship between product market competition and capital structure in Chinese listed firms (2011, neutral): “4 See Antoniou et al. (2008), Hovakimian, Opler, and Titman (2001), and Miguel and Pindado (2001), among others, for a discussion of target capital structure.”
Corporate Governance and the Dynamics of Capital Structure: New Evidence (2014, methodology): “The approach used by Hovakimian et al. (2001), De Miguel and Pindado (2001), Fama and French (2002), and Kayhan and Titman (2007) estimates the model in two steps: estimate the target leverage ratio, and then conduct a partial adjustment regression.”