7. Worldwide Patterns in Capital Structure

  1. H. Kent Baker and
  2. Gerald S. Martin
  1. Carmen Cotei1 and
  2. Joseph Farhat2

Published Online: 20 DEC 2011

DOI: 10.1002/9781118266250.ch7

Capital Structure and Corporate Financing Decisions: Theory, Evidence, and Practice

Capital Structure and Corporate Financing Decisions: Theory, Evidence, and Practice

How to Cite

Baker, H. K. and Martin, G. S. (2011) Worldwide Patterns in Capital Structure, in Capital Structure and Corporate Financing Decisions: Theory, Evidence, and Practice, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118266250.ch7

Author Information

  1. 1

    Assistant Professor of Finance, University of Hartford

  2. 2

    Associate Professor of Finance, Central Connecticut State University

Publication History

  1. Published Online: 20 DEC 2011
  2. Published Print: 18 APR 2011

ISBN Information

Print ISBN: 9780470569528

Online ISBN: 9781118266250

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Keywords:

  • capital structure;
  • financial market;
  • stock market development;
  • dividend policy;
  • pecking order theory

Summary

This chapter contains sections titled:

  • Introduction

  • Determinants of Capital Structure: Cross-Country Comparisons

  • The Impact of Legal Traditions on Capital Structure

  • Partial Adjustment to a Target Capital Structure: International Evidence

  • The Pecking Order Theory: International Evidence

  • Summary and Conclusions

  • Discussion Questions

  • About the Authors