Leverage Structure Dynamics and Firm Value

Autor:	Mohammad Nazim Uddin, Mohammed Shamim Uddin Khan, Mosharrof Hosen, Md. Shahnur Azad Chowdhury
Rok vydání:	2022
Předmět:	Cultural Studies Management of Technology and Innovation Strategy and Management Business and International Management Computer Science Applications
Zdroj:	International Journal of Asian Business and Information Management. 13:1-18
ISSN:	1947-9646 1947-9638
DOI:	10.4018/ijabim.305115
Popis:	The paper aims to examine the impact of leverage structure dynamics on firm value in Bangladesh. To this end, the panel techniques (GMM and PCSE) were used to control for serial correlation, heteroskedasticity, and cross-sectional difficulties in the panel data set. The paper found that leverage structure influences firm value. The result also supports the trade-off theory, which asserts that tax savings on interest expenses result in a lower total cost of capital and ultimately upturn firm value. Lastly, the paper highlights the significance of endogenous variables such as liquidity, profitability, tangibility, and tax rate on firm value in Bangladesh.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::9c7c5256e1ef8c94547caad2ca9f7d87 https://doi.org/10.4018/ijabim.305115 Zobrazit plný text záznamu