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
Link To Document