@article{Chowdhury:128681,
      recid = {128681},
      author = {Chowdhury, Anup and Chowdhury, Suman Paul},
      title = {Impact of capital structure on firm’s value: Evidence from  Bangladesh},
      journal = {Business and Economic Horizons (BEH)},
      address = {2010-10-25},
      number = {1232-2016-101116},
      pages = {12},
      month = {Oct},
      year = {2010},
      abstract = {Modigliani & Miller (1958) show the impact of debt-equity  ratio on firm value in their capital structure theory.  Economist and financial researchers have spent time to  develop new thoughts around this theory. Despite their  effort the Modigliani & Miller (MM) model is still in  vague. In this paper attempt has been made to empirically  support the argument of MM. The paper tests the influence  of debt-equity structure on the value of shares given  different sizes, industries and growth opportunities with  the companies incorporated in Dhaka Stock Exchange (DSE)  and Chittagong Stock Exchange (CSE) of Bangladesh. For the  robustness of the analysis samples are drawn from the four  most dominant sectors of industry i.e. engineering, food &  allied, fuel & power, and chemical & pharmaceutical to  provide a comparative analysis. A strong positively  correlated association is evident from the empirical  findings when stratified by industry.},
      url = {http://ageconsearch.umn.edu/record/128681},
      doi = {https://doi.org/10.22004/ag.econ.128681},
}