Testing capital structure theories using error correction models: Evidence from China, India, and South Africa

Testing capital structure theories using error correction models: Evidence from China, India, and South Africa

The objective of this study is to empirically examine the capital structure theories that can explain the capital structure choice made by the firms that are operating in China, India, and South Africa. The study tests the capital structure theories as a stand-alone basis as well as an integrated fr...

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Bibliographic Details
Main Authors: M. Kannadhasan, Bhanu Pratap Singh Thakur, C.P. Gupta, Parikshit Charan
Format: Article
Language:English
Published: Taylor & Francis Group 2018-01-01
Series:Cogent Economics & Finance
Subjects:
capital structure
error correction model
trade-off theory
pecking order theory
dynamic panel data
partial adjustment
Online Access:http://dx.doi.org/10.1080/23322039.2018.1443369

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