A Critical Review of the Effects of Stock Returns and Market Timing on Capital Structure

Hongru Ye (), Jie Ji and Yuanyuan Zou
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Hongru Ye: Keystone Academy
Jie Ji: Ulink College of Shanghai
Yuanyuan Zou: Nanning No.2 High School

A chapter in Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023), 2024, pp 503-513 from Springer

Abstract: Abstract Capital structure is regarded as the combination of debt and equity firms use to finance operations and investments. The choice of capital structure significantly impacts a company’s cost of capital, profitability, and risk profile. Among a series of factors that affect capital structure, this paper focuses on stock returns and market timing. In this review, an array of papers is analyzed to summarize current research claims regarding the influence of stock returns and market timing on capital structure. This paper also touches on other theories like the trade-off theory, the pecking order theory, and the signaling theory.

Keywords: Capital Structure; Stock returns; Market Timing (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-246-0_61

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DOI: 10.2991/978-94-6463-246-0_61

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