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Refine your search Apply to external sourcesCapital structure management / Radheshyam Pradhan
Title : Capital structure management Material Type: printed text Authors: Radheshyam Pradhan, Author Publisher: Kathmandu: Benchmark Publication Date: 2008 Pagination: 349p Size: Book ISBN (or other code): 978-9937-8090-1-6 Price: Rs.340 Languages : English Descriptors: Capital investments
Cash management
Mathematical modelsKeywords: 'cash management capital investments mathematical models' Class number: 658.1522 Capital structure management [printed text] / Radheshyam Pradhan, Author . - [S.l.] : Kathmandu: Benchmark, 2008 . - 349p ; Book.
ISBN : 978-9937-8090-1-6 : Rs.340
Languages : English
Descriptors: Capital investments
Cash management
Mathematical modelsKeywords: 'cash management capital investments mathematical models' Class number: 658.1522 Hold
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Barcode Call number Media type Location Section Status 1229 658.1522 PRA Books Uniglobe Library Technology Available 1969 658.1522 PRA Books Uniglobe Library Technology Available 4694 658.1522 PRA Books Uniglobe Library Technology Available 4695 658.1522 PRA Books Uniglobe Library Technology Available 4696 658.1522 PRA Books Uniglobe Library Technology Available 4697 658.1522 PRA Books Uniglobe Library Technology Available 4698 658.1522 PRA Books Uniglobe Library Technology Available 3973 658.1522 PRA Books Uniglobe Library Technology Available 3974 658.1522 PRA Books Uniglobe Library Technology Available 3975 658.1522 PRA Books Uniglobe Library Technology Available 3976 658.1522 PRA Books Uniglobe Library Technology Available 3977 658.1522 PRA Books Uniglobe Library Technology Available 3978 658.1522 PRA Books Uniglobe Library Technology Available 3979 658.1522 PRA Books Uniglobe Library Technology Available 3980 658.1522 PRA Books Uniglobe Library Technology Available 3981 658.1522 PRA Books Uniglobe Library Technology Available 3982 658.1522 PRA Books Uniglobe Library Technology Available 3983 658.1522 PRA Books Uniglobe Library Technology Available 3984 658.1522 PRA Books Uniglobe Library Technology Available 3985 658.1522 PRA Books Uniglobe Library Technology Due for return by 03/16/2022 3987 658.1522 PRA Books Uniglobe Library Technology Available 3986 658.1522 PRA Books Uniglobe Library Technology Available 3563 658.1522 PRA Books Uniglobe Library Technology Available 3564 658.1522 PRA Books Uniglobe Library Technology Available 3566 658.1522 PRA Books Uniglobe Library Technology Available 3567 658.1522 PRA Books Uniglobe Library Technology Available 6348 658.1522 PRA Books Uniglobe Library Technology Available 6349 658.1522 PRA Books Uniglobe Library Technology Available 6350 658.1522 PRA Books Uniglobe Library Technology Available 6351 658.1522 PRA Books Uniglobe Library Technology Available 6352 658.1522 PRA Books Uniglobe Library Technology Available 6353 658.1522 PRA Books Uniglobe Library Technology Available 6354 658.1522 PRA Books Uniglobe Library Technology Available 6355 658.1522 PRA Books Uniglobe Library Technology Due for return by 05/25/2019 6356 658.1522 PRA Books Uniglobe Library Technology Available 6357 658.1522 PRA Books Uniglobe Library Technology Available 6358 658.1522 PRA Books Uniglobe Library Technology Available 6359 658.1522 PRA Books Uniglobe Library Technology Due for return by 12/15/2022 6360 658.1522 PRA Books Uniglobe Library Technology Due for return by 09/04/2022 6361 658.1522 PRA Books Uniglobe Library Technology Available 6362 658.1522 PRA Books Uniglobe Library Technology Available 5982 658.1522 PRA Books Uniglobe Library Technology Available 5989 658.1522 PRA Books Uniglobe Library Technology Available 5988 658.1522 PRA Books Uniglobe Library Technology Available 5986 658.1522 PRA Books Uniglobe Library Technology Available 5987 658.1522 PRA Books Uniglobe Library Technology Available 6107 658.1522 PRA Books Uniglobe Library Technology Available 6105 658.1522 PRA Books Uniglobe Library Technology Due for return by 07/04/2019 5985 658.1522 PRA Books Uniglobe Library Technology Available 5983 658.1522 PRA Books Uniglobe Library Technology Available 5984 658.1522 PRA Books Uniglobe Library Technology Available 5990 658.1522 PRA Books Uniglobe Library Technology Available 6104 658.1522 PRA Books Uniglobe Library Technology Due for return by 08/21/2024 6103 658.1522 PRA Books Uniglobe Library Technology Available 5981 658.1522 PRA Books Uniglobe Library Technology Available 8143 658.1522 PRA Books Uniglobe Library Technology Due for return by 11/07/2018 1228 658.1522 PRA Books Uniglobe Library Technology Available 1961 658.1522 PRA Books Uniglobe Library Technology Available 1962 658.1522 PRA Books Uniglobe Library Technology Available 1963 658.1522 PRA Books Uniglobe Library Technology Due for return by 02/03/2022 1964 658.1522 PRA Books Uniglobe Library Technology Available 1965 658.1522 PRA Books Uniglobe Library Technology Available 1966 658.1522 PRA Books Uniglobe Library Technology Available 1967 658.1522 PRA Books Uniglobe Library Technology Available 1968 658.1522 PRA Books Uniglobe Library Technology Available 1970 658.1522 PRA Books Uniglobe Library Technology Available 3565 658.1522 PRA Books Uniglobe Library Technology Available 8142 658.1522 PRA Books Uniglobe Library Technology Available
Title : Determinants of capital structure: a case of Nepalese commercial banks Material Type: printed text Authors: Krishna Chalise, Author Publication Date: 2014 Pagination: 67p. Size: GRP/Thesis Accompanying material: 4/B General note: Including bibilography Languages : English Descriptors: Banks
Banks and banking
Capital management
Capital structureKeywords: 'capital structure return on assets return to equity bank bank and banking' Class number: 658.1522 Determinants of capital structure: a case of Nepalese commercial banks [printed text] / Krishna Chalise, Author . - 2014 . - 67p. ; GRP/Thesis + 4/B.
Including bibilography
Languages : English
Descriptors: Banks
Banks and banking
Capital management
Capital structureKeywords: 'capital structure return on assets return to equity bank bank and banking' Class number: 658.1522 Hold
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Barcode Call number Media type Location Section Status 72/D 658.1522 CHA Thesis/Dissertation Uniglobe Library Technology Available
Title : Determinants of capital structure: a comparative study of public banks, joint venture banks and private banks. Material Type: printed text Authors: Dipesh Raj Lamichhane, Author Publication Date: 2017 Pagination: 119p. Size: GRP/Thesis Accompanying material: 8/B Languages : English Descriptors: Capital structure Class number: 658.1522 Abstract: Capital structure is the composition of debt and equity of a company used to finance its assets. Companies which do not formally plan their capital structures are likely to have uneconomical and imbalanced capital structures and could face formidable difficulties in raising capital on favorable terms in long-run (Wippern, 1966). The capital structure of a firm is a mixture of different securities. In general, firms can choose among many alternative capital structures. The capital structure decision is the vital one since the financial performance of an enterprise is directly affected by such decision. In reality, establishing an optimal capital structure is a difficult task.
The study of capital structure attempts to explain the mix of securities and financing sources used by corporations to finance real investments (Myers, 1977). A firm can choose among many alternative capital structures. Rajan and Zingales (1995) found that the determinants of capital structure that have been reported for the U.S. (size, growth, profitability and tangible assets) are important in other countries as well. Therefore, it is important to test the relationship between bank specific variables and capital structure of the firm to make sound capital structure decisions. The study revealed that tax reserves and profitability have negative relationship with capital structure while size, growth opportunities and assets structure have positive relationship with capital structure (Sogorb, 2005). Likewise, Akhtar (2005) found that growth, profitability and size are found to be significant determinants of leverage. Gaud et al. (2005) revealed that size and assets structure are positively related to leverage while profitability and growth are found negatively related to leverage. Cespedes et al. (2010) carried out investigation on the capital structure and ownership in Latin America. The study concluded that leverage firms and ownership have a strong positive relationship. The study also showed that there is a positive relationship between growth and leverage but a negative relation exists between leverage and profitability. Similarly, Gajurel (2005) found that assets structure and size are positively related to leverage whereas liquidity, risk, growth, non-debt tax shield are negatively related to leverage. Likewise, Sharma et al. (2015) revealed that firm size and non-debt tax shield are positively related to leverage whereas return on assets, tangibility, capital expenditure and liquidity are negatively related to leverage.
The major objective of this study is to identify the determinants of capital structure in Nepalese commercial banks.The results are based on the secondary data and contain the sample of 22 commercial banks of Nepal during the period of 2009/10 to 2014/15. Out of total sampled banks, 3 banks are public, 5 banks are joint venture and 14 banks are private commercial banks. The data has been collected from the banking and financial statistics and bank supervision report published by Nepal Rastra Bank and annual reports of selected commercial banks. The research design adopted in this study is causal comparative type as it deals with the relationship between capital structure and profitability.
The result shows that SBI has highest debt equity ratio of 14.12 times, NBL has highest average debt asset ratio (103.83 percent) among the selected commercial banks over the study period. The study shows the increasing trend of TDE for private banks, joint venture banks and public banks. Similarly, it shows the decreasing trend of TDA for private banks, joint venture banks and public banks. Overall, the study shows that RBBL has highest total assets (Rs.105.57 in Billion), ADBL has highest average return on assets (3.03 percent), NMB has highest average tangibility (5.33 percent), SBL has highest average assets growth rate ratio (32.31 percent) and NMB has highest average liquidity (6.94 percent).
The descriptive statistics for public banks shows that the average total debt equity is -16.26 times, average total debt assets is 96.14 percent, average firm size is Rs.81.68 Billion, average return on assets is 2.05 percent, average tangibility is 1.10 percent, average assets growth rate is 11.54 percent and average liquidity is 1.56 percent. Similarly, the descriptive statistics for joint venture banks shows that the average total debt equity is 11.77 times, average total debt assets is 91.99 percent, average firm size is Rs. 60.25 Billion, average return on assets is 1.94 percent, average tangibility is 1.11 percent, average assets growth rate is 14.19 percent and average liquidity is 3.76 percent. Likewise, the descriptive statistics for private banks shows that average total debt equity is 9.66 times, average total debt assets is 89.31 percent, average firm size is Rs.31.84 Billion, average return on assets is 1.45 percent, average tangibility is 5.78 percent, average assets growth rate is 17.99 percent and average liquidity is 3.41 percent.
The correlation matrix for public banks reveals that firm size and tangibility are positively correlated to total debt equity while return on assets, assets growth rate and liquidity are negatively correlated to total debt equity. Firm size and tangibility are positively correlated to total debt assets while return on assets, assets growth rate and liquidity are negatively correlated to total debt assets. Similarly, the correlation matrix for joint venture banks reveals that firm size, tangibility and assets growth rate are positively correlated to total debt equity while return on assets and liquidity are negatively correlated to total debt equity. Firm size, tangibility and assets growth rate are positively correlated to total debt assets while return on assets and liquidity are negatively correlated to total debt assets. Likewise, correlation matrix for private banks reveals that firm size and tangibility are positively correlated to total debt equity while return on assets, assets growth rate and liquidity are negatively correlated to total debt equity. Firm size and tangibility are positively correlated to total debt assets while return on assets; assets growth rate and liquidity are negatively correlated to total debt assets.
The regression analysis reveals that firm size and tangibility have positive impact on total debt equity whereas return on assets, assets growth rate and liquidity have negative impact on total debt equity for public banks. Similarly, firm size, tangibility and assets growth rate have positive impact on total debt equity whereas return on assets and liquidity have negative impact on total debt equity for joint venture banks. Likewise, firm size has positive impact on total debt equity whereas return on assets, tangibility, assets growth rate and liquidity have negative impact on total debt equity for private banks. Moreover, firm size, tangibility and assets growth rate have positive impact on total debt assets whereas return on assets and liquidity have negative impact on total debt assets for public banks. Similarly, firm size and tangibility have positive impact on total debt assets whereas return on assets and assets growth rate have negative impact on total debt assets for joint venture banks. Likewise, firm size and tangibility have positive impact on total debt assets whereas return on assets, assets growth rate and liquidity have negative impact on total debt assets for private banks.
Determinants of capital structure: a comparative study of public banks, joint venture banks and private banks. [printed text] / Dipesh Raj Lamichhane, Author . - 2017 . - 119p. ; GRP/Thesis + 8/B.
Languages : English
Descriptors: Capital structure Class number: 658.1522 Abstract: Capital structure is the composition of debt and equity of a company used to finance its assets. Companies which do not formally plan their capital structures are likely to have uneconomical and imbalanced capital structures and could face formidable difficulties in raising capital on favorable terms in long-run (Wippern, 1966). The capital structure of a firm is a mixture of different securities. In general, firms can choose among many alternative capital structures. The capital structure decision is the vital one since the financial performance of an enterprise is directly affected by such decision. In reality, establishing an optimal capital structure is a difficult task.
The study of capital structure attempts to explain the mix of securities and financing sources used by corporations to finance real investments (Myers, 1977). A firm can choose among many alternative capital structures. Rajan and Zingales (1995) found that the determinants of capital structure that have been reported for the U.S. (size, growth, profitability and tangible assets) are important in other countries as well. Therefore, it is important to test the relationship between bank specific variables and capital structure of the firm to make sound capital structure decisions. The study revealed that tax reserves and profitability have negative relationship with capital structure while size, growth opportunities and assets structure have positive relationship with capital structure (Sogorb, 2005). Likewise, Akhtar (2005) found that growth, profitability and size are found to be significant determinants of leverage. Gaud et al. (2005) revealed that size and assets structure are positively related to leverage while profitability and growth are found negatively related to leverage. Cespedes et al. (2010) carried out investigation on the capital structure and ownership in Latin America. The study concluded that leverage firms and ownership have a strong positive relationship. The study also showed that there is a positive relationship between growth and leverage but a negative relation exists between leverage and profitability. Similarly, Gajurel (2005) found that assets structure and size are positively related to leverage whereas liquidity, risk, growth, non-debt tax shield are negatively related to leverage. Likewise, Sharma et al. (2015) revealed that firm size and non-debt tax shield are positively related to leverage whereas return on assets, tangibility, capital expenditure and liquidity are negatively related to leverage.
The major objective of this study is to identify the determinants of capital structure in Nepalese commercial banks.The results are based on the secondary data and contain the sample of 22 commercial banks of Nepal during the period of 2009/10 to 2014/15. Out of total sampled banks, 3 banks are public, 5 banks are joint venture and 14 banks are private commercial banks. The data has been collected from the banking and financial statistics and bank supervision report published by Nepal Rastra Bank and annual reports of selected commercial banks. The research design adopted in this study is causal comparative type as it deals with the relationship between capital structure and profitability.
The result shows that SBI has highest debt equity ratio of 14.12 times, NBL has highest average debt asset ratio (103.83 percent) among the selected commercial banks over the study period. The study shows the increasing trend of TDE for private banks, joint venture banks and public banks. Similarly, it shows the decreasing trend of TDA for private banks, joint venture banks and public banks. Overall, the study shows that RBBL has highest total assets (Rs.105.57 in Billion), ADBL has highest average return on assets (3.03 percent), NMB has highest average tangibility (5.33 percent), SBL has highest average assets growth rate ratio (32.31 percent) and NMB has highest average liquidity (6.94 percent).
The descriptive statistics for public banks shows that the average total debt equity is -16.26 times, average total debt assets is 96.14 percent, average firm size is Rs.81.68 Billion, average return on assets is 2.05 percent, average tangibility is 1.10 percent, average assets growth rate is 11.54 percent and average liquidity is 1.56 percent. Similarly, the descriptive statistics for joint venture banks shows that the average total debt equity is 11.77 times, average total debt assets is 91.99 percent, average firm size is Rs. 60.25 Billion, average return on assets is 1.94 percent, average tangibility is 1.11 percent, average assets growth rate is 14.19 percent and average liquidity is 3.76 percent. Likewise, the descriptive statistics for private banks shows that average total debt equity is 9.66 times, average total debt assets is 89.31 percent, average firm size is Rs.31.84 Billion, average return on assets is 1.45 percent, average tangibility is 5.78 percent, average assets growth rate is 17.99 percent and average liquidity is 3.41 percent.
The correlation matrix for public banks reveals that firm size and tangibility are positively correlated to total debt equity while return on assets, assets growth rate and liquidity are negatively correlated to total debt equity. Firm size and tangibility are positively correlated to total debt assets while return on assets, assets growth rate and liquidity are negatively correlated to total debt assets. Similarly, the correlation matrix for joint venture banks reveals that firm size, tangibility and assets growth rate are positively correlated to total debt equity while return on assets and liquidity are negatively correlated to total debt equity. Firm size, tangibility and assets growth rate are positively correlated to total debt assets while return on assets and liquidity are negatively correlated to total debt assets. Likewise, correlation matrix for private banks reveals that firm size and tangibility are positively correlated to total debt equity while return on assets, assets growth rate and liquidity are negatively correlated to total debt equity. Firm size and tangibility are positively correlated to total debt assets while return on assets; assets growth rate and liquidity are negatively correlated to total debt assets.
The regression analysis reveals that firm size and tangibility have positive impact on total debt equity whereas return on assets, assets growth rate and liquidity have negative impact on total debt equity for public banks. Similarly, firm size, tangibility and assets growth rate have positive impact on total debt equity whereas return on assets and liquidity have negative impact on total debt equity for joint venture banks. Likewise, firm size has positive impact on total debt equity whereas return on assets, tangibility, assets growth rate and liquidity have negative impact on total debt equity for private banks. Moreover, firm size, tangibility and assets growth rate have positive impact on total debt assets whereas return on assets and liquidity have negative impact on total debt assets for public banks. Similarly, firm size and tangibility have positive impact on total debt assets whereas return on assets and assets growth rate have negative impact on total debt assets for joint venture banks. Likewise, firm size and tangibility have positive impact on total debt assets whereas return on assets, assets growth rate and liquidity have negative impact on total debt assets for private banks.
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Barcode Call number Media type Location Section Status 341/B 658.1522 LAM Thesis/Dissertation Uniglobe Library Technology Available
Title : Relationship between capital structure and profitability : a study of Nepalese commercial banks Material Type: printed text Authors: Anju Maharjan, Author Publication Date: 2016 Pagination: 108p. Size: GRP/Thesis Accompanying material: 7/B Languages : English Descriptors: Capital structure Class number: 658.1522 Abstract: The capital structure of a firm is a mixture of different securities. In general, firms can choose among many alternative capital structures. For example, firms can arrange lease financing, use warrants, issue convertible bonds, sign forward contracts or trade bond swaps. Firms can also issue dozens of distinct securities in countless combinations to maximize overall market value (Abor, 2005). The term capital structure has two components: debt and equity. Equity includes paid up share capital, share premium, reserves and surplus (retained earnings) while debt is the use of loan capital (Lutomia, 2002). The capital structure was defined by Copeland and Weston (1988) as the permanent financing represented by long-term debt, preferred stock, and shareholder equity. Profitability is measured of firm‟s efficiency (Khan and Jain, 1998). It is also a control measure of the earning power of a firms as well as operating efficiency. Weston and Copeland (1998) described profitability as net result of a large number of policies and decisions. Profitability is considered as precondition for an innovation, productive and efficient banking system (Chen and Liao, 2011).
The major purpose of this study is to examine the impact of capital structure on the profitability of the Nepalese commercial banks. The specific objectives are: to analyze the structure and pattern of bank liquidity, bank size and credit risk on net interest margin, return on assets and return on equity share of Nepalese commercial banks, to evaluate relationship of bank size and liquidity with financial performance of Nepalese commercial banks, to examine the impact of bank long term debt to equity and total debt to equity on profitability of banks, to identify the most influential variables of capital structure to explain the profitability of Nepalese commercial banks and to examine the choice of capital (with debt or equity).
The study is based on secondary data of Nepalese commercial banks taken for the period of 2009 to 2014 including 102 observations. The secondary data are collected from the Banking and Financial Statistics and Bank Supervision Report published by Nepal Rastra Bank and annual reports of the selected commercial banks. The study employed descriptive and causal comparative research designs.
The result shows that long term debt to equity ratio and total debt to equity ratio are negatively correlated to net interest margin indicating higher the long term debt to
VIII
equity ratio and total debt to equity ratio, lower would be net interest margin (NIM). The bank size and liquidity position are negatively correlated to NIM. Credit risk is positively correlated to NIM. Hence, it indicates that higher the credit risk, higher would be NIM. Similarly, long term debt to equity ratio and total debt to equity ratio are negatively correlated to return on assets (ROA). Similarly, credit risk, bank size and liquidity position are negatively correlated to return on assets. Likewise, the study observes negative relationship of long term debt to equity ratio, bank size and liquidity position with return on equity (ROE). However, total debt to equity ratio and credit risk has negative relationship with (ROE).
The beta coefficients for long term debt to equity ratio, total debt to equity ratio, bank size and liquidity position are negative with net interest margin (NIM). It indicates that long term debt to equity ratio, total debt to equity ratio, bank size and liquidity position have negative impact on NIM. However, the beta coefficients are significant for total debt to equity ratio and liquidity ratio at 5 percent level of significance. The beta coefficient for credit risk is positive with NIM. The beta coefficients for long term debt to equity ratio, total debt to equity ratio, credit risk, and bank size and liquidity position are negative with return on assets. Likewise, the beta coefficients for long term debt to equity ratio, bank size and liquidity position are negative with return on equity. It indicates that long term debt to equity ratio, bank size and liquidity position have negative impact on return on equity. However, total debt to equity ratio and credit risk has positive impact on return on equity.Relationship between capital structure and profitability : a study of Nepalese commercial banks [printed text] / Anju Maharjan, Author . - 2016 . - 108p. ; GRP/Thesis + 7/B.
Languages : English
Descriptors: Capital structure Class number: 658.1522 Abstract: The capital structure of a firm is a mixture of different securities. In general, firms can choose among many alternative capital structures. For example, firms can arrange lease financing, use warrants, issue convertible bonds, sign forward contracts or trade bond swaps. Firms can also issue dozens of distinct securities in countless combinations to maximize overall market value (Abor, 2005). The term capital structure has two components: debt and equity. Equity includes paid up share capital, share premium, reserves and surplus (retained earnings) while debt is the use of loan capital (Lutomia, 2002). The capital structure was defined by Copeland and Weston (1988) as the permanent financing represented by long-term debt, preferred stock, and shareholder equity. Profitability is measured of firm‟s efficiency (Khan and Jain, 1998). It is also a control measure of the earning power of a firms as well as operating efficiency. Weston and Copeland (1998) described profitability as net result of a large number of policies and decisions. Profitability is considered as precondition for an innovation, productive and efficient banking system (Chen and Liao, 2011).
The major purpose of this study is to examine the impact of capital structure on the profitability of the Nepalese commercial banks. The specific objectives are: to analyze the structure and pattern of bank liquidity, bank size and credit risk on net interest margin, return on assets and return on equity share of Nepalese commercial banks, to evaluate relationship of bank size and liquidity with financial performance of Nepalese commercial banks, to examine the impact of bank long term debt to equity and total debt to equity on profitability of banks, to identify the most influential variables of capital structure to explain the profitability of Nepalese commercial banks and to examine the choice of capital (with debt or equity).
The study is based on secondary data of Nepalese commercial banks taken for the period of 2009 to 2014 including 102 observations. The secondary data are collected from the Banking and Financial Statistics and Bank Supervision Report published by Nepal Rastra Bank and annual reports of the selected commercial banks. The study employed descriptive and causal comparative research designs.
The result shows that long term debt to equity ratio and total debt to equity ratio are negatively correlated to net interest margin indicating higher the long term debt to
VIII
equity ratio and total debt to equity ratio, lower would be net interest margin (NIM). The bank size and liquidity position are negatively correlated to NIM. Credit risk is positively correlated to NIM. Hence, it indicates that higher the credit risk, higher would be NIM. Similarly, long term debt to equity ratio and total debt to equity ratio are negatively correlated to return on assets (ROA). Similarly, credit risk, bank size and liquidity position are negatively correlated to return on assets. Likewise, the study observes negative relationship of long term debt to equity ratio, bank size and liquidity position with return on equity (ROE). However, total debt to equity ratio and credit risk has negative relationship with (ROE).
The beta coefficients for long term debt to equity ratio, total debt to equity ratio, bank size and liquidity position are negative with net interest margin (NIM). It indicates that long term debt to equity ratio, total debt to equity ratio, bank size and liquidity position have negative impact on NIM. However, the beta coefficients are significant for total debt to equity ratio and liquidity ratio at 5 percent level of significance. The beta coefficient for credit risk is positive with NIM. The beta coefficients for long term debt to equity ratio, total debt to equity ratio, credit risk, and bank size and liquidity position are negative with return on assets. Likewise, the beta coefficients for long term debt to equity ratio, bank size and liquidity position are negative with return on equity. It indicates that long term debt to equity ratio, bank size and liquidity position have negative impact on return on equity. However, total debt to equity ratio and credit risk has positive impact on return on equity.Hold
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Barcode Call number Media type Location Section Status 252/D 658.1522 MAH Thesis/Dissertation Uniglobe Library Technology Available
Title : Relationship between capital structure and stock return in Nepalese commercial banks Material Type: printed text Authors: Sapna Bista, Author Publication Date: 2017 Pagination: 102p. Size: GRP/Thesis Accompanying material: 10/B Languages : English Descriptors: Capital structure Class number: 658.1522 Abstract: The capital structure and stock return have become one of the quite attractive option of both existing and potential investors. It is not only demanded by the high-class investors, but also has attracted the interest of small investors. The high rate of return pushes the investors to invest in stocks, but many of them do not have much knowledge about its operations, capital structure and factors affecting to stock return’s fluctuations. There are various internal and external factors that influence the capital structure and stock return. The capital structure of companies are most essential internal factors that the investors use in making decisions whether to invest in stock or not? It can give visibility to investorswhich plays a significant role to gain reliable and consistent return by selecting winning portfolio.
This study attempts to examine the relationship between capital structure and stock return of Nepalese commercial banks. The study is based on secondary data of 21 commercial banks with 126 observations for the period of 2011 to 2016. Data and informationhave been collected form Banking and Financial Statistics published by Nepal Rastra Bank, share price published by Nepal Stock Exchange, economic survey and annual reports of selected commercial banks. The research design adopted in this study is descriptive and causal comparative research design as it deals with the capital structure and stock return in Nepalese commercial banks.
The result shows that the average stock return is highest for ADBL (57.90 percent). The average stock return is highest for NBBL (27.01 percent) and lowest for KBL (-11.28 percent). The average leverage is highest for NSBI (15.93 percent) and lowest for NBL (-7.31 percent).The average liquidity is highest for GBL (31.65 percent) and lowest for ADBL (8.21 percent).The average bank size is highest for NBBL (Rs. 286,986.5 million) and lowest for JBNL (Rs. 17,757.62 million).The average return on assets is highest for NIBL (2.90 percent) and lowest for JBNL (0.62 percent).
The descriptive statistics for selected commercial bank shows that the average stock return, leverage, liquidity, return on assets, bank size, inflation and gross domestic product are 22.20 percent, 9.45 percent, 15.92 percent, 1.58 percent, Rs. 51,937 million, 8.62 percent and 9.73 percent respectively.
The correlation matrix shows that leverage is positively related to stock return. Similarly, liquidity is positively related to the stock return. Likewise, return on assets is positively correlated to the stock return. Bank size is also positively related to stock return. However, inflation and gross domestic productis negatively related to stock return. The result also states that stock return, return on assets, bank size and inflation have positive relationship with leverage. However, liquidity and gross domestic product have negative relationship with leverage.
The regression analysis reveals that stock returnhas positive impact on leverage. This indicates that higher stock return, higher would be the leverage. However, liquidity has negative impact on leverage. This reveals that higher the liquidity, lower would be the leverage. On the other hand, return on assets has positive impact on leverage. This states that higher the return on assets higher would be the stock return. Similarly, bank size has positive impact on leverage. This states that larger the bank size, larger would be the leverage. Likewise, inflation has positive impact on leverage. This reveals that higher the inflation, higher would be the leverage. Nevertheless, gross domestic product has negative impact on leverage. This denotes that higher the gross domestic product, lower would be the leverage.
The study also shows that leverage has positive impact on stock return. This reveals that higher the leverage higher would be the stock return. Similarly, liquidity has positive impact on stock return. This shows that higher the liquidity, higher would be the stock return. Likewise, return on assets has positive impact on stock return. This states that higher the return on assets, higher would be the stock return. Thebank size has positive impact on stock return. This reveals that larger the bank size, higher would be the stock return.However, the inflation also has negative impact on stock return. This states that higher the inflation, lower would be the stock return. Likewise, the gross domestic product has negative impact on stock return. This denotes that higher the gross domestic product, lower would be the stock return.
Relationship between capital structure and stock return in Nepalese commercial banks [printed text] / Sapna Bista, Author . - 2017 . - 102p. ; GRP/Thesis + 10/B.
Languages : English
Descriptors: Capital structure Class number: 658.1522 Abstract: The capital structure and stock return have become one of the quite attractive option of both existing and potential investors. It is not only demanded by the high-class investors, but also has attracted the interest of small investors. The high rate of return pushes the investors to invest in stocks, but many of them do not have much knowledge about its operations, capital structure and factors affecting to stock return’s fluctuations. There are various internal and external factors that influence the capital structure and stock return. The capital structure of companies are most essential internal factors that the investors use in making decisions whether to invest in stock or not? It can give visibility to investorswhich plays a significant role to gain reliable and consistent return by selecting winning portfolio.
This study attempts to examine the relationship between capital structure and stock return of Nepalese commercial banks. The study is based on secondary data of 21 commercial banks with 126 observations for the period of 2011 to 2016. Data and informationhave been collected form Banking and Financial Statistics published by Nepal Rastra Bank, share price published by Nepal Stock Exchange, economic survey and annual reports of selected commercial banks. The research design adopted in this study is descriptive and causal comparative research design as it deals with the capital structure and stock return in Nepalese commercial banks.
The result shows that the average stock return is highest for ADBL (57.90 percent). The average stock return is highest for NBBL (27.01 percent) and lowest for KBL (-11.28 percent). The average leverage is highest for NSBI (15.93 percent) and lowest for NBL (-7.31 percent).The average liquidity is highest for GBL (31.65 percent) and lowest for ADBL (8.21 percent).The average bank size is highest for NBBL (Rs. 286,986.5 million) and lowest for JBNL (Rs. 17,757.62 million).The average return on assets is highest for NIBL (2.90 percent) and lowest for JBNL (0.62 percent).
The descriptive statistics for selected commercial bank shows that the average stock return, leverage, liquidity, return on assets, bank size, inflation and gross domestic product are 22.20 percent, 9.45 percent, 15.92 percent, 1.58 percent, Rs. 51,937 million, 8.62 percent and 9.73 percent respectively.
The correlation matrix shows that leverage is positively related to stock return. Similarly, liquidity is positively related to the stock return. Likewise, return on assets is positively correlated to the stock return. Bank size is also positively related to stock return. However, inflation and gross domestic productis negatively related to stock return. The result also states that stock return, return on assets, bank size and inflation have positive relationship with leverage. However, liquidity and gross domestic product have negative relationship with leverage.
The regression analysis reveals that stock returnhas positive impact on leverage. This indicates that higher stock return, higher would be the leverage. However, liquidity has negative impact on leverage. This reveals that higher the liquidity, lower would be the leverage. On the other hand, return on assets has positive impact on leverage. This states that higher the return on assets higher would be the stock return. Similarly, bank size has positive impact on leverage. This states that larger the bank size, larger would be the leverage. Likewise, inflation has positive impact on leverage. This reveals that higher the inflation, higher would be the leverage. Nevertheless, gross domestic product has negative impact on leverage. This denotes that higher the gross domestic product, lower would be the leverage.
The study also shows that leverage has positive impact on stock return. This reveals that higher the leverage higher would be the stock return. Similarly, liquidity has positive impact on stock return. This shows that higher the liquidity, higher would be the stock return. Likewise, return on assets has positive impact on stock return. This states that higher the return on assets, higher would be the stock return. Thebank size has positive impact on stock return. This reveals that larger the bank size, higher would be the stock return.However, the inflation also has negative impact on stock return. This states that higher the inflation, lower would be the stock return. Likewise, the gross domestic product has negative impact on stock return. This denotes that higher the gross domestic product, lower would be the stock return.
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Barcode Call number Media type Location Section Status 365/D 658.1522 BIS Thesis/Dissertation Uniglobe Library Technology Available
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