• DocumentCode
    1769018
  • Title

    Statistical analysis of the influence of capital structure on stock price

  • Author

    Kawai, Takaaki ; Tsuda, Hiroyuki

  • Author_Institution
    Dept. of Math. Sci., Doshisha Univ., Kyotanabe, Japan
  • fYear
    2014
  • fDate
    7-8 Nov. 2014
  • Firstpage
    165
  • Lastpage
    169
  • Abstract
    This paper estimates how the capital structure of a company influences its stock price. To raise corporate valuation, which is better for the company, using equity capital or liabilities? To answer this question, we estimated the optimal amount of liabilities in terms of tax benefit. Then we analyzed how the gap between the optimal amount and the actual amount of liabilities influences stock price.
  • Keywords
    cost accounting; pricing; statistical analysis; stock markets; capital structure; corporate valuation; equity capital; liabilities; statistical analysis; stock price; tax benefit; Companies; Educational institutions; Finance; Indexes; Regression analysis; Stock markets; capital structure; time series analysis;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Computational Intelligence and Applications (IWCIA), 2014 IEEE 7th International Workshop on
  • Conference_Location
    Hiroshima
  • ISSN
    1883-3977
  • Print_ISBN
    978-1-4799-4771-3
  • Type

    conf

  • DOI
    10.1109/IWCIA.2014.6988099
  • Filename
    6988099