Capital Structure Around the World: The Roles of Firm- and Country-Specific Determinants

By Abe de Jong, R. Kabir, Thuy Thu Nguyen. 2007

1,072 citations recorded by the source corpus.

Subfields: Accounting, Information Systems

View Paper: https://www.semanticscholar.org/paper/d166a56663bf255d6a6ae106c5f39645b5ff4529

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Citations in the corpus

Determinants of Corporate Debt Maturity in South America: Do Institutional Quality and Financial Development Matter? (2012, positive): “However, as pointed out by La Porta et al. (2000b), more developed financial markets may be an outcome of better investor protection (institutional framework, property rights, etc.). According to Levine (1999), the development of financial intermediaries may depend on the quality of legal systems an”
The international zero-leverage phenomenon (2013, neutral): “ 11 Other studies that look at the determinants of capital structure in different countries are Demirgüc-Kunt and Maksimovic (1999) and de Jong et al. (2008).”
Capital structure and law around the world (2011, neutral): “De Jong et al. (2006), on the other hand, evaluated the role of firm- and country-specific determinants of capital structure in 42 countries, concluding, contrary to some literature, that the impact of specific determinants was not equal around the world because they depended on country specific…”
The impact of bank ownership concentration on impaired loans and capital adequacy (2010, background): “4 Similarly, De Jong et al. (2008) argue that country-specific variables (like shareholder protection rights) directly and indirectly affect firm-specific variables.”
Government debt and corporate leverage: International evidence (2019, background): “4See for example, Demirguc-Kunt and Maksimovic (1996, 1998, 1999), Booth, Aivazian, Demirguc-Kunt, and Maksimovic (2001), Claessens, Djankov, and Nenova (2000), Giannetti (2003), De Jong, Kabir, and Nguyen (2008), and Fan, Titman, and Twite (2012).”
Determinants of capital structure: evidence from a major developing economy (2014, neutral): “In this study, business risk is defined as the standard deviation of operating income over total assets over the past three years (including the current year) as in De Jong et al. (2008).”
Board of Directors’ Composition and Capital Structure (2014, neutral): “In a similar scope, De Jong et al. (2008), also find that institutional differences in countries affect the”
Determinants of capital structure: An empirical study of firms in manufacturing industry of Pakistan (2011, background): “Various empirical studies have shown a significant negative relationship between leverage and earnings volatility (Bradley et al., 1984; Booth et al., 2001; Fama and French, 2002; Jong et al., 2008).”
Determinants of capital structure in emerging markets: evidence from Vietnam (2017, background): “…this research reports that firm size is positively related to leverage while growth and liquidity are negatively related to firm leverage. de Jong et al. (2008) analyze the importance of firm-specific and country-specific factors in the leverage choice of firms from 42 countries around the…”
Capital Structure Choice and Company Taxation: A Meta-Study (2013, neutral): “It is an established conjecture that academic journals might have a tendency to publish papers with statistically significant results (De Long and Lang (1992)).”
Employee well-being, firm leverage, and bankruptcy risk. (2010, neutral): “, Rajan and Zingales, 1995; De Jong et al., 2008). The R-squared of the model is 0.172. Our second regression specification is based on Frank and Goyal (2009), who show that the most reliable and consistent firm characteristics with an effect on leverage over the period 1950-2003 are firm size, tang”