Does state ownership really matter for capital structure in selected G-20 economies
Bibliographic Data
| ID | 15067376 |
|---|---|
| Authors | Muhammad Yusuf Amin (0000-0003-1569-9881, Eastern Mediterranean University, corresponding author), Mustafa Besim (0000-0003-0749-1861, Eastern Mediterranean University), Zahoor Ul Haq (0000-0001-6813-6746, Abdul Wali Khan University Mardan) |
| Year | 2019 |
| Volume | 32 |
| Issue | 1 |
| Pages | 3150-3167 |
| Publication date | 2019-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2019.1661000 |
| OpenAlex | W2972847363 |
| Language | EN |
| Citations received | 3 |
| References cited | 38 |
The effect of state ownership on the capital structure decisions of enterprises in selected G-20 countries is estimated using financial and accounting data of 252 state-owned and 6503 non-state-owned firms for the period 2011–2015. The results indicate that state ownership is positively associated with leverage in all the selected G-20 countries. However, this phenomenon changed when countries were considered according to their income levels because state-owned enterprises in high-income countries carry more debt, while the opposite is true for lower-middle-income countries. The results were also divergent when the effects of various firm-specific variables were compared between state and non-state-owned enterprises across the development spectrum
Business · Capital structure · Debt · Economics · Emerging markets · Financial system · Monetary economics · State ownership · Corporate Finance and Governance · Private Equity and Venture Capital · Working Capital and Financial Performance · Finance
State-Owned and Privately Owned Firms
Politicians and banks
Corporate financing and investment decisions when firms have information that investors do not have
The theory and practice of corporate finance
Cronyism and capital controls
Testing Trade-Off and Pecking Order Predictions About Dividends and Debt
Theory of the firm
Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market
Overview and Estimation of the 2008 Financial and Economic Crisis ‘Effect Size‘ on SME Capital Structures
The effect of ownership structure on leverage decision
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |