Capital structure, tax effect, financial crisis and default risk: evidence from emerging market
by Rami Zeitun; Hisham Al Refai
International Journal of Economics and Business Research (IJEBR), Vol. 14, No. 1, 2017

Abstract: The central objective of this study is to investigate the effect of capital structure on corporate failure in the emerging market, in particular Jordan, using a panel data analysis sample representative of 180 Jordanian companies during the period 1990 to 2012. This paper also examines the effect of the financial crisis 2008 on Jordanian corporate insolvency. The level of corporate leverage was found to have a positive effect on the probability of default (PD). Firms with lower bankruptcy costs have a lower probability of default (PD).

Online publication date: Sun, 30-Jul-2017

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economics and Business Research (IJEBR):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com