Empirical analysis and optimization of capital structure adjustment

Empirical analysis and optimization of capital structure adjustment

This paper analyzes capital structure's characteristics and presents its simplified mathematical model. Panel data analysis shows that the listed companies prefer equity financing rather than debt financing. Furthermore, we propose a capital structure optimization model with uncertain equity fi...

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Bibliographic Details
Main Authors: Ma, J., Xu, Honglei
Format: Journal Article
Language:English
Published: AMER INST MATHEMATICAL SCIENCES-AIMS 2020
Subjects:
Science & Technology
Technology
Physical Sciences
Engineering, Multidisciplinary
Operations Research & Management Science
Mathematics, Interdisciplinary Applications
Engineering
Mathematics
Target capital structure
institutional ownership
capital structure optimization
two-stage stochastic optimization
ALGORITHM
Online Access:http://purl.org/au-research/grants/arc/DP160102819
http://hdl.handle.net/20.500.11937/90938

Internet

http://purl.org/au-research/grants/arc/DP160102819
http://hdl.handle.net/20.500.11937/90938

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