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The study of effective variables on capital structure

Author

Listed:
  • Vahab Bashiri
  • Hamidreza Salehi
  • Mohsen Nowruzi
  • Aein Ghorbani Ghashghaeinejad
  • Mohsen Rezaei
  • Alireza Hamedi

Abstract

Capital structure decision is a challenging problem. The choice of optimal capital structure is very important for the company's continuity and leads to survival in the competitive world. Some researchers have presented variety theories for recognise optimal capital structure and a number of them believe that financial flexibility affects on capital structure as well as firms are able to maximise the firm value through mobilise its financial resources. So, due to importance of this matter, in this study MLP and RBF methods are used to review of the relationship between financial flexibility and capital structure of firms. We are using financial flexibility variables as input data and capital structure as output data. Experimental results indicate that both of different sub-models of NN (MLP and RBF) are good tools for predicting the outputs based on inputs and there is an effective relationship between financial flexibility and capital structure as well.

Suggested Citation

  • Vahab Bashiri & Hamidreza Salehi & Mohsen Nowruzi & Aein Ghorbani Ghashghaeinejad & Mohsen Rezaei & Alireza Hamedi, 2018. "The study of effective variables on capital structure," International Journal of Business Forecasting and Marketing Intelligence, Inderscience Enterprises Ltd, vol. 4(2), pages 223-234.
    • Handle: RePEc:ids:ijbfmi:v:4:y:2018:i:2:p:223-234
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