Impact of goodwill on firms’ capital structure in developing countries

• Main Authors: Thakur, Oli Ahad, Amin Noordin, Bany Ariffin, Tunde, Matemilola Bolaji, Razman, Ahmed, Satiawan, Doddy
• Format: Article
• Language: English
• Published: Rajshahi 2020
• Online Access: http://psasir.upm.edu.my/id/eprint/89284/1/DEBT.pdf; http://psasir.upm.edu.my/id/eprint/89284/; https://www.researchgate.net/publication/342734350
• Institution: Universiti Putra Malaysia

Goodwill assets are considered to be a building block to reduce some concerns surrounding the capital structure puzzle. This article investigates goodwill assets as a determinant of firms' capital structure using 4912 listed firms from 23 developing countries. This article applies the two-step...