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
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- EP ID EP619427
- DOI 10.33215/sjom.v2i4.162
- Views 80
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