Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system
The study investigates the impact of goodwill assets on firms’ capital structure and examines the indirect impact of the legal system on the relationship between goodwill assets and firms’ capital structure (debt ratio). The study uses 4912 firms from 23 developing countries covering the 2010 to 201...
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| Format: | Article |
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Taylor and Francis Group
2023
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| author | Thakur, Oli Ahad Amin Noordin, Bany-Ariffin Matemilola, Bolaji Tunde Alam, Md. Kausar |
| author_facet | Thakur, Oli Ahad Amin Noordin, Bany-Ariffin Matemilola, Bolaji Tunde Alam, Md. Kausar |
| author_sort | Thakur, Oli Ahad |
| collection | UPM |
| description | The study investigates the impact of goodwill assets on firms’ capital structure and examines the indirect impact of the legal system on the relationship between goodwill assets and firms’ capital structure (debt ratio). The study uses 4912 firms from 23 developing countries covering the 2010 to 2018 periods. The findings show a robust positive relationship between goodwill assets and firms’ capital structure in developing countries. Moreover, the country’s legal system positively impacts the firms’ capital structure. Furthermore, the impact of goodwill assets on firms’ capital structure is weaker in countries where common law is practiced. |
| first_indexed | 2025-03-07T12:48:31Z |
| format | Article |
| id | upm.eprints-108297 |
| institution | Universiti Putra Malaysia |
| last_indexed | 2025-03-07T12:48:31Z |
| publishDate | 2023 |
| publisher | Taylor and Francis Group |
| record_format | dspace |
| spelling | upm.eprints-1082972025-03-03T07:53:46Z http://psasir.upm.edu.my/id/eprint/108297/ Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system Thakur, Oli Ahad Amin Noordin, Bany-Ariffin Matemilola, Bolaji Tunde Alam, Md. Kausar The study investigates the impact of goodwill assets on firms’ capital structure and examines the indirect impact of the legal system on the relationship between goodwill assets and firms’ capital structure (debt ratio). The study uses 4912 firms from 23 developing countries covering the 2010 to 2018 periods. The findings show a robust positive relationship between goodwill assets and firms’ capital structure in developing countries. Moreover, the country’s legal system positively impacts the firms’ capital structure. Furthermore, the impact of goodwill assets on firms’ capital structure is weaker in countries where common law is practiced. Taylor and Francis Group 2023 Article PeerReviewed Thakur, Oli Ahad and Amin Noordin, Bany-Ariffin and Matemilola, Bolaji Tunde and Alam, Md. Kausar (2023) Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system. Macroeconomics and Finance in Emerging Market Economies, 16 (3). pp. 525-544. ISSN 1752-0843; eISSN: 1752-0851 https://www.tandfonline.com/doi/full/10.1080/17520843.2023.2170068 10.1080/17520843.2023.2170068 |
| spellingShingle | Thakur, Oli Ahad Amin Noordin, Bany-Ariffin Matemilola, Bolaji Tunde Alam, Md. Kausar Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system |
| title | Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system |
| title_full | Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system |
| title_fullStr | Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system |
| title_full_unstemmed | Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system |
| title_short | Impact of goodwill on firms capital structure in developed and developing countries: moderating effects of legal system |
| title_sort | impact of goodwill on firms capital structure in developed and developing countries moderating effects of legal system |
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