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determinants of capital structure in mining in zimbabwe

2021-07-15T05:07:40+00:00
  • The Determinants of Capital Structure in Zimbabwe

    Studies that were done in the past show that a number of factors affect capital structure choice. The most commonly and popular determinants are profitability, tangibility size, firm growth, non-debt tax shield, tax and liquidity. The impact of each of these factors on capital structure decisions will be reviewed below. ProfitabilityRecent research has focused on the influence of institutional environment on capital structure decisions of firms, therefore this study examined capital structure choices of Zimbabwean listed firms during the multicurrency regime. Using a balanced panel of 43 companies listed on the Zimbabwe Stock Exchange, this study first examined whether the debt ratios of these firms significantly changed ...The Determinants of Capital Structure in Zimbabwe This paper examines the determinants of leverage firms in five sub-Saharan African countries (South Africa, Ghana, Kenya, Nigeria and Zimbabwe) over the period 2006–2016. The results of the System GMM estimation and quadratic methods supports the predictions of Determinants of capital structure: Evidence from sub ...

  • Determinants of capital structure: Evidence from sub ...

    2018-11-1  This model is subdivided into two stages in order to study the determinants of the capital structure. • Determinants of capital structure: different approaches. In this first step, we used two econometric methods to study the determinants of the capital structure. The first modeling approach adopted is the fixed effect panel.The Determinants of Capital Structure in Zimbabwe during the Multicurrency Regime. Recent research has focused on the influence of institutional environment on capital structure decisions of firms, therefore this study examined capital structure choices of Zimbabwean listed firms during the multicurrency regime. Using a balanced panel of 43 ...The Determinants of Capital Structure in Zimbabwe The paper uses panel data, from 2000 to 2013, to examine the key determinants of capital structure choices for Zimbabwe listed firms under hyperinflation and dollarization by: (1) providing a reduced form model which isolates the key factors consistent with the unique situation for Zimbabwe; (2) testing the existence of a non-Determinants of Capital Structure Choices by Listed Firms ...

  • Determinants of Capital Structure - cuni.cz

    2008-3-25  the determinants of capital structure, at least to the extent of this au-thor’s knowledge. Krauseová (1995) describes the capital structure of Czech firms in the period from 1990 to 1993. Bauer and Bubák (2003) test for the existence of optimal capital structure and for relevance of signaling the-ory in the case of Czech listed firms.2015-6-25  theory (DeAngelo and Masulis, 1980) of capital structure. This study makes several important contributions to the existing studies of capital structure. This research led to the development of a model of capital structure determinants by integrating factors related to owner-managers, firms, culture, and environment.DETERMINANTS OF CAPITAL STRUCTURE IN SMALL AND Determinants of Capital Structure: A Comparative Study of Public and Private Firms 3 There are certain limitations to the existing literature on capital structure. Due to data limitations, the study on private firms has largely been neglected. Results derived from the study of MSc. Finance The Determinants of Capital Structure: A ...

  • Determinants of leverage in mining companies,

    2016-1-1  The capital structure theory presented by Bradley, Gregg, and Kim (1984) is known as the capital structure equilibrium theory or trade-off theory, which explains that the company's financing decisions are conducted to evaluate whether the tax benefit is greater than the costs incurred by the company as a result of debt. The main benefit of debt is the tax deductibility of interest, which is Downloadable (with restrictions)! This paper examines the determinants of leverage firms in five sub-Saharan African countries (South Africa, Ghana, Kenya, Nigeria and Zimbabwe) over the period 2006–2016. The results of the System GMM estimation and quadratic methods supports the predictions of the trade-off theory and the pecking order theory.Determinants of capital structure: Evidence from sub ...2015-6-25  theory (DeAngelo and Masulis, 1980) of capital structure. This study makes several important contributions to the existing studies of capital structure. This research led to the development of a model of capital structure determinants by integrating factors related to owner-managers, firms, culture, and environment.DETERMINANTS OF CAPITAL STRUCTURE IN SMALL AND

  • Firm and country specific determinants of capital ...

    2016-9-19  The purpose of this paper is to examine the effects of firm- and country-specific factors on the dynamics of capital structure for a new data set of firms in Sub-Saharan Africa.,Panel data estimation techniques are carried out on a set of 412 firms from 12 countries within Sub-Saharan Africa.,The results show that firm- and country-specific factors play an important role in the choice of debt ...The firm’s capital structure as denoted by the debt to equity ratio or the financial debt to equity ratio is dependent on the weighted average cost of capital according to the traditional theory ...(PDF) OPTIMIZING CAPITAL STRUCTURE THROUGH The paper analyses the determinants and the effects of foreign direct investment inflows (FDI) in the Zimbabwe Mining Sector (ZMS) in a specific study for 14 minerals from 2005-14 estimating a random effect model. Mineral specific variables examined include capacity utilisation, volume of manufacturing index, labour cost, sectorial contribution to Gross Domestic Product (GDP), political ...Econometric Analysis of Foreign Direct Investment in

  • (PDF) Determinants of foreign direct investment (FDI)

    A study by Muzurura (2016) examined the determinants of FDI inflow in Zimbabwe over the period 1980 to 2011. Foreign direct investment acted as an endogenous variable and the independent variables ...2017-2-26  working capital and growth programs. Zimbabwe’s savings stock was wiped out by hyper-inflation and unpaid international debts remain un-serviced resulting in Zimbabwe’s poor credit rating. The implications of this is that new loan capital as well as new inflows of investment capital will remain out of An investigation of Zimbabwe’s manufacturing sector ...2013-5-26  repayment periods, amounts and loan structure (Pandey, 2004). The policy analyses business viability position and business Managementby appraising the financial strength of the applicant, the firm`s quality of management and nature of the customers businesses.Factors Influencing Loan Repayment Default in Micro ...

  • Zimbabwe - The economy Britannica

    2021-5-21  Zimbabwe - Zimbabwe - The economy: Upon independence in 1980, Robert Mugabe’s government moved cautiously to alter the pattern of management that it inherited from the white minority regime. The first budget of July 1980 was described by the finance minister as “conservative [with] a mild and pragmatic application of socialism.” But the white minority had passed on government machinery ...2021-5-19  1) Capital Formation: The strategic role of capital in raising the level of production has traditionally been acknowledged in economics. It is now universally admitted that a country which wants to accelerate the pace of growth, has m choice but to save a high ratio-of its income, with the objective of raising the level of investment.Factors that Influence the Economic Development of a