New Search

Export article
Open Access

The Relationship between Ownership Structure and Capital Structure

Sadia Murtaza, Irsa Azam
SEISENSE Journal of Management , Volume 2, pp 51-64; doi:10.33215/sjom.v2i4.162

Abstract: Objective – The main objective of this study is to measure the relationship between ownership structure and capital structure by using the chemical sector of Pakistan. Design – This study is used the panel data and retrieved from the annual reports of the chemical sector of Pakistan for the time period of 2012 to 2017. Findings – The finding the statistical analysis shows that ownership structure has a significant positive relationship on capital structure. Which mitigate the agency conflicts among managers and shareholders, because the majority of the shareholders would like to have a higher level of debt over equity financing. Policy Implications – The findings of this study also can be helpful to the policymakers, investors and financial institution in designing ownership structures and financing decisions for firms. Originality – This is the first study that examined the relationship between ownership structure and capital structure in the context of the chemical sector of Pakistan.
Keywords: Financing / Pakistan / relationship between ownership structure / ownership structure and capital structure

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

Share this article

Click here to see the statistics on "SEISENSE Journal of Management" .
References (64)
    Cited by 3 articles
      Back to Top Top