Capital structure and its determinants in the UK - a decompositional analysis

By A. Bevan, J. Danbolt. 2002

501 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/843c850e242a7998aa374067908b5bde418a46fe

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Citations in the corpus

Corporate Financing Decisions: UK Survey Evidence (2006, unknown): “Bevan and Danbolt (2002) focused on the difficulties in measuring gearing and found that debt determinants appear to vary significantly between short-term and long-term components of debt.”
Capital structure and law around the world (2011, unknown): “Rajan and Zingales (1995) and Bevan and Danbolt (2002) also define their independent variables as lagged on a four and three-year average, respectively.”
How SME Uniqueness Affects Capital Structure: Evidence From A 1994–1998 Spanish Data Panel (2002, unknown): “� Asset Structure (AS) is measured as the quotient between tangible assets (fixed assets and inventories) and assets (Michaelas et al., 1999; Bevan and Danbolt, 2000a, b).”
Co-determination of capital structure and stock returns--A LISREL approach: An empirical test of Taiwan stock markets (2010, unknown): “Indicators of growth include capital expenditure over total assets (CE/TA), growth of total asset measured by percentage change of total assets (GTA) (Titman & Wessels, 1988), and marketto-book ratio of assets (MTB) (Bevan & Danbolt, 2002).”
Determinants of profitability in European manufacturing and services: evidence from a dynamic panel model (2005, result): “The chosen gearing measure is not only broadly consistent with those used in other studies (Rajan and Zingales, 1995; Bevan and Danbolt 2002, 2004), but can also be easily calculated from the data that is available for each of the countries included in the sample.”
What determines the speed of adjustment to the target capital structure? (2006, background): “…which is the main focus of the present analysis, a longer, albeit smaller, sample of firms is used. choice depends on the objective of the analysis, and Bevan and Danbolt (2002) document that the determinants of leverage vary significantly, depending upon which component of debt is being analysed.”
Testing for inconsistencies in the estimation of UK capital structure determinants (2004, methodology): “It is notable, however, that at the aggregate level total debt is found to be negatively correlated with tangibility, a result that confirms prior findings by Bevan and Danbolt (2002).”
Determinants of capital structure in emerging markets: evidence from Vietnam (2017, background): “The size of a firm has been reported to be an important determinant of capital structure in many different perspectives (Harris & Raviv 1991; Rajan & Zingales 1995; Hall et al. 2000; Bevan & Danbolt 2002).”
An empirical analysis of zero-leverage firms: New evidence from the UK ☆ (2013, background): “On the other hand, although several studies have examined the capital structure choices of UK firms (e.g., Bennett and Donnelly, 1993; Bevan and Danbolt, 2002, 2004; Ozkan, 2001), they do not investigate the zero-leverage phenomenon.”