A system dynamics model of capital structure policy for firm value maximization
dc.contributor.author | Khan, Aima | |
dc.contributor.author | Qureshi, Muhammad Azeem | |
dc.contributor.author | Davidsen, Pål I. | |
dc.date.accessioned | 2020-07-16T20:06:58Z | |
dc.date.accessioned | 2020-08-07T09:45:48Z | |
dc.date.available | 2020-07-16T20:06:58Z | |
dc.date.available | 2020-08-07T09:45:48Z | |
dc.date.issued | 2020-07-16 | |
dc.identifier.citation | Khan A, Qureshi M. A., Davidsen PI. A system dynamics model of capital structure policy for firm value maximization. Systems research and behavioral science. 2020 | en |
dc.identifier.issn | 1092-7026 | |
dc.identifier.issn | 1092-7026 | |
dc.identifier.issn | 1099-1743 | |
dc.identifier.uri | https://hdl.handle.net/10642/8823 | |
dc.description.abstract | The complexity surrounding the maximization of firm value agenda demands a comprehensive causal model that effectively embeds the intertwining relationships of the variables and the policies involved. System dynamics provides an appropriate methodology to model and simulate such complex relationships to facilitate decision making in a complex business environment. The objective of the study is to analyze the impact of capital structure policy, being a key managerial decision, on the firm value. For this purpose, the study develops a system dynamics-based corporate planning model for an oil firm, including the operational as well as financial processes. Various scenarios and capital structure policies have been designed and simulated to identify the policy that helps in increasing the firm value. The results demonstrate that increase in debt percentage in capital structure mix increase the firm value. | en |
dc.language.iso | en | en |
dc.publisher | Wiley | en |
dc.relation.ispartofseries | Systems research and behavioral science; | |
dc.rights | This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes. © 2020 The Authors. | en |
dc.rights.uri | https://creativecommons.org/licenses/by-nc/4.0/ | |
dc.subject | Capital structure policies | en |
dc.subject | Financing | en |
dc.subject | Firm values | en |
dc.subject | Oil production | en |
dc.subject | Simulations | en |
dc.subject | System dynamics | en |
dc.title | A system dynamics model of capital structure policy for firm value maximization | en |
dc.type | Journal article | en |
dc.type | Peer reviewed | en |
dc.date.updated | 2020-07-16T20:06:58Z | |
dc.description.version | publishedVersion | en |
dc.identifier.doi | https://dx.doi.org/10.1002/sres.2693 | |
dc.identifier.cristin | 1819649 | |
dc.source.journal | Systems research and behavioral science |
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Med mindre annet er angitt, så er denne innførselen lisensiert som This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited and is not used for commercial purposes. © 2020 The Authors.