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https://doi.org/10.1080/1331677X.2019.1661000

Does state ownership really matter for capital structure in selected G-20 economies?

Muhammad Yusuf Amin   ORCID icon orcid.org/0000-0003-1569-9881 ; Department of Banking and Finance, Eastern Mediterranean University, Famagusta, North Cyprus; b Institute of Business and Leadership, Abdul Wali Khan University Mardan (AWKUM), Mardan, Pakistan
Mustafa Besim ; Department of Banking and Finance, Eastern Mediterranean University, Famagusta, North Cyprus
Zahoor Ul Haq   ORCID icon orcid.org/0000-0001-6813-6746 ; Department of Economics, Pakhtunkhwa Economic Policy Research Institute (PEPRI), Faculty of Business and Economics, Abdul Wali Khan University Mardan, Pakistan

Puni tekst: engleski, pdf (2 MB) str. 3144-3161 preuzimanja: 55* citiraj
APA 6th Edition
Amin, M.Y., Besim, M. i Ul Haq, Z. (2019). Does state ownership really matter for capital structure in selected G-20 economies?. Economic research - Ekonomska istraživanja, 32 (1), 3144-3161. https://doi.org/10.1080/1331677X.2019.1661000
MLA 8th Edition
Amin, Muhammad Yusuf, et al. "Does state ownership really matter for capital structure in selected G-20 economies?." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 3144-3161. https://doi.org/10.1080/1331677X.2019.1661000. Citirano 04.04.2020.
Chicago 17th Edition
Amin, Muhammad Yusuf, Mustafa Besim i Zahoor Ul Haq. "Does state ownership really matter for capital structure in selected G-20 economies?." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 3144-3161. https://doi.org/10.1080/1331677X.2019.1661000
Harvard
Amin, M.Y., Besim, M., i Ul Haq, Z. (2019). 'Does state ownership really matter for capital structure in selected G-20 economies?', Economic research - Ekonomska istraživanja, 32(1), str. 3144-3161. https://doi.org/10.1080/1331677X.2019.1661000
Vancouver
Amin MY, Besim M, Ul Haq Z. Does state ownership really matter for capital structure in selected G-20 economies?. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 04.04.2020.];32(1):3144-3161. https://doi.org/10.1080/1331677X.2019.1661000
IEEE
M.Y. Amin, M. Besim i Z. Ul Haq, "Does state ownership really matter for capital structure in selected G-20 economies?", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 3144-3161, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1661000

Sažetak
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.

Ključne riječi
State-owned enterprises; income level; capital structure; tangibility; size; tobin’s Q; profitability

Hrčak ID: 229641

URI
https://hrcak.srce.hr/229641

Posjeta: 85 *