Acknowledgement | 第4-5页 |
Abstract | 第5-7页 |
摘要 | 第8-16页 |
List of Publications | 第16-17页 |
Chapter 1:Introduction | 第17-23页 |
1.1 Theoretical meaning of the study | 第17-18页 |
1.2 Practical value of the study | 第18-20页 |
1.3 Innovation points of the Study | 第20页 |
1.4 Research objectives | 第20-21页 |
1.5 Brief Findings of the Study | 第21-22页 |
1.6 Scope and limitations of the study | 第22-23页 |
Chapter 2:Capital Structure and its Determinants:A Review ofLiterature | 第23-38页 |
2.1 Theories of Capital Structure | 第23-25页 |
2.2 Capital Structure Determinants | 第25-29页 |
2.2.1 Profitability | 第26页 |
2.2.2 Firm size | 第26-27页 |
2.2.3 Tangibility | 第27页 |
2.2.4 Uniqueness | 第27-28页 |
2.2.5 Non-debt tax shield | 第28页 |
2.2.6 Other External Factors | 第28-29页 |
2.3 Capital Structure with Managerial and Institutional Ownership | 第29-38页 |
2.3.1 Debt and Managerial Ownership | 第29-32页 |
2.3.2 Debt and Institutional Ownership | 第32-38页 |
Chapter 3:Conceptual and Theoretical Framework with HypothesesDevelopment | 第38-43页 |
3.1 Conceptual Framework | 第38-39页 |
3.2 Theoretical Framework | 第39-41页 |
3.2.1 Portfolio Theory | 第39页 |
3.2.2 Trade-off Model | 第39-40页 |
3.2.3 Signaling Theory | 第40页 |
3.2.4 Agency Theory | 第40-41页 |
3.3 Hypothesis Development | 第41-43页 |
3.3.1 Non-linear Relationship between Debt and Managerial Ownership | 第41-42页 |
3.3.2 Positive Relationship between Debt and Institutional Ownership | 第42-43页 |
Chapter 4: Methodology | 第43-58页 |
4.1 Measurement of Variables | 第43-45页 |
4.1.1 Leverage | 第43-44页 |
4.1.2 Managerial Ownership and Institutional Ownership | 第44页 |
4.1.3 Control Variables | 第44-45页 |
4.2 Sample Selection | 第45-50页 |
4.3 Data | 第50-51页 |
4.4 Estimation | 第51-58页 |
Chapter 5:The Impact of Ownership Structure on Leverage in Mid-cap Firms from Developed Economies | 第58-73页 |
5.1 Introduction | 第58页 |
5.2 Empirical Results of Mid-cap Firms from Developed Countries | 第58-68页 |
5.2.1 Managerial Ownership and Leverage in Developed Countries | 第61-64页 |
5.2.2 Robustness Checks | 第64-65页 |
5.2.3 Institutional Ownership and Leverage in Developed Countries | 第65-67页 |
5.2.4 Robustness Checks | 第67-68页 |
5.3 Discussion on Results | 第68-72页 |
5.4 Summary Findings | 第72-73页 |
Chapter 6:The Impact of Ownership Structure on Leverage in Mid-capFirms from Emerging Economies | 第73-87页 |
6.1 Introduction | 第73页 |
6.2 Empirical Results of Mid-cap Firms from Emerging Countries | 第73-83页 |
6.2.1 Managerial Ownership and Leverage in Emerging Countries | 第76-78页 |
6.2.2 Robustness Checks | 第78-79页 |
6.2.3 Institutional Ownership and Leverage in Emerging Countries | 第79-82页 |
6.2.4 Robustness Checks | 第82-83页 |
6.3 Discussion on Results | 第83-86页 |
6.4 Summary Findings | 第86-87页 |
Chapter 7:The Impact of Ownership Structure on Leverage: AComparison between Mid-cap Firms from Developed andEmerging Economies | 第87-99页 |
7.1 Introduction | 第87页 |
7.2 Empirical Results | 第87-92页 |
7.2.1 Relationship of Managerial Ownership and Leverage: Comparative Analysis | 第87-90页 |
7.2.2 Relationship of Institutional Ownership and Leverage: Comparative Analysis747.3 A Comparative Discussion of Results | 第90-92页 |
7.3 A Comparative Discussion of Results | 第92-97页 |
7.4 Summary Findings | 第97-99页 |
Chapter 8:Concluding Remarks & Policy Implications | 第99-101页 |
References | 第101-109页 |