Research Topics in Finance - Capital Structure

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

• ...