The Relationship between Ownership Structure and Capital Structure
Journal Title: SEISENSE Journal of Management - Year 2019, Vol 2, Issue 4
Abstract
Objective – The main objective of this study is to measure the relationship between ownership structure and capital structure by using the chemical sector of Pakistan. Design – This study is used the panel data and retrieved from the annual reports of the chemical sector of Pakistan for the time period of 2012 to 2017. Findings – The finding the statistical analysis shows that ownership structure has a significant positive relationship on capital structure. Which mitigate the agency conflicts among managers and shareholders, because the majority of the shareholders would like to have a higher level of debt over equity financing. Policy Implications – The findings of this study also can be helpful to the policymakers, investors and financial institution in designing ownership structures and financing decisions for firms. Originality – This is the first study that examined the relationship between ownership structure and capital structure in the context of the chemical sector of Pakistan.
Authors and Affiliations
Sadia Murtaza, Irsa Azam
Keywords
Related Articles
- EP ID EP619427
- DOI 10.33215/sjom.v2i4.162
- Views 78
- Downloads 0
Dogma of Profit Maximization: A Sight to Open Secrets
This essay is a philosophical enquiry into the dogma of profit maximization as one of the dogma premises of capitalism. Being attracted by the cyclical nature of financial crises as an existential challenge the case is...
Transformational Leadership and Organizational Performance: The Mediating Role of Organizational Innovation
The study is an investigation of transformational leadership impact on organizational performance; the mediating role of organizational innovation. The study revealed that organizational innovation has mediated significa...
Total Quality Management Practices and Supply Chain Management: Understanding Linkages from the Logistics Sector of Pakistan
The study is an outcome of a conceptual framework that establishes the relationship between the total quality management (TQM) practices and supply chain management (SCM) practices. The six TQM practices have taken from...
Japanese Model of Supplier Development
Abstract
The Mediating Effect of Work-Life Balance between Motivation and Job Satisfaction and Its Impact on Emotional Intelligence of Mystery Shopping Professionals
Purpose- Enhancing job satisfaction through motivation and Work-Life Balance (WLB) and checking the overall impact on Emotional Intelligence of mystery shopping professionals is the aim of this research. The work depends...