Corporate Governance and Choice of Capital Structure

Document Type

Article

Publication Date

6-2023

Department

School of Business

Abstract

In this paper, we expand on the existing literature of corporate finance by analyzing the impact of corporate governance on the choice of capital structure for firms. Although other studies have analyzed this relationship, we extend the research by comparing the results across different industries such as healthcare, technology, consumer goods and industrial goods using a sample of 689 firms. The results show the relationship of corporate governance to the choice of capital is negative in the healthcare sector firms, positive in the consumer goods firms, and has no impact on technology or industrial goods firms.

DOI

http://dx.doi.org/10.18374/JIFE-23-2.6

First Page

69

Last Page

83

Volume

23

Issue

2

Publisher

International Academy of Business and Economics (IABE)

ISSN

1555-6336, 2378-864X

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