Does minority management affect a firm's capital structure? Evidence from Japan
<p dir="ltr">This study evaluates the effect of minority management (MG) on capital structure for a sample of listed Japanese companies over three sectors. We used a dynamic panel, threshold-based model that can control for endogeneity to investigate the linkage between the speed of...
محفوظ في:
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| مؤلفون آخرون: | , |
| منشور في: |
2022
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| الموضوعات: | |
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إضافة وسم
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| _version_ | 1864513538546991104 |
|---|---|
| author | Rami Zeitun (17075215) |
| author2 | Mohamed Goaied (17380468) Hisham Al Refai (17380471) |
| author2_role | author author |
| author_facet | Rami Zeitun (17075215) Mohamed Goaied (17380468) Hisham Al Refai (17380471) |
| author_role | author |
| dc.creator.none.fl_str_mv | Rami Zeitun (17075215) Mohamed Goaied (17380468) Hisham Al Refai (17380471) |
| dc.date.none.fl_str_mv | 2022-12-01T00:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.frl.2022.103290 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Does_minority_management_affect_a_firm_s_capital_structure_Evidence_from_Japan/24551464 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Banking, finance and investment Strategy, management and organisational behaviour Economics Applied economics Minority management Agency problem Monitoring power Leverage Dynamic panel threshold |
| dc.title.none.fl_str_mv | Does minority management affect a firm's capital structure? Evidence from Japan |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">This study evaluates the effect of minority management (MG) on capital structure for a sample of listed Japanese companies over three sectors. We used a dynamic panel, threshold-based model that can control for endogeneity to investigate the linkage between the speed of adjustment of leverage and MG, with the results proving that there is significant linkage between MG and leverage. We also observed that the level of MG has a threshold effect on leverage, such that firms with a high level of MG can reach their optimal leverage faster than those with a low level of MG.</p><h2>Other Information</h2><p dir="ltr">Published in: Finance Research Letters<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.frl.2022.103290" target="_blank">https://dx.doi.org/10.1016/j.frl.2022.103290</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_937b5fdf6c68deee4a8ae1f5ee928a07 |
| identifier_str_mv | 10.1016/j.frl.2022.103290 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/24551464 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Does minority management affect a firm's capital structure? Evidence from JapanRami Zeitun (17075215)Mohamed Goaied (17380468)Hisham Al Refai (17380471)Commerce, management, tourism and servicesBanking, finance and investmentStrategy, management and organisational behaviourEconomicsApplied economicsMinority managementAgency problemMonitoring powerLeverageDynamic panel threshold<p dir="ltr">This study evaluates the effect of minority management (MG) on capital structure for a sample of listed Japanese companies over three sectors. We used a dynamic panel, threshold-based model that can control for endogeneity to investigate the linkage between the speed of adjustment of leverage and MG, with the results proving that there is significant linkage between MG and leverage. We also observed that the level of MG has a threshold effect on leverage, such that firms with a high level of MG can reach their optimal leverage faster than those with a low level of MG.</p><h2>Other Information</h2><p dir="ltr">Published in: Finance Research Letters<br>License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.frl.2022.103290" target="_blank">https://dx.doi.org/10.1016/j.frl.2022.103290</a></p>2022-12-01T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.frl.2022.103290https://figshare.com/articles/journal_contribution/Does_minority_management_affect_a_firm_s_capital_structure_Evidence_from_Japan/24551464CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/245514642022-12-01T00:00:00Z |
| spellingShingle | Does minority management affect a firm's capital structure? Evidence from Japan Rami Zeitun (17075215) Commerce, management, tourism and services Banking, finance and investment Strategy, management and organisational behaviour Economics Applied economics Minority management Agency problem Monitoring power Leverage Dynamic panel threshold |
| status_str | publishedVersion |
| title | Does minority management affect a firm's capital structure? Evidence from Japan |
| title_full | Does minority management affect a firm's capital structure? Evidence from Japan |
| title_fullStr | Does minority management affect a firm's capital structure? Evidence from Japan |
| title_full_unstemmed | Does minority management affect a firm's capital structure? Evidence from Japan |
| title_short | Does minority management affect a firm's capital structure? Evidence from Japan |
| title_sort | Does minority management affect a firm's capital structure? Evidence from Japan |
| topic | Commerce, management, tourism and services Banking, finance and investment Strategy, management and organisational behaviour Economics Applied economics Minority management Agency problem Monitoring power Leverage Dynamic panel threshold |