... Table 2: Determinants of capital structure in previous researches Study Titman and Wessel (1988) Pandey(2001) Joy Pathak (2010) Vergas, Cerqueira, Brandão (2015) Frank and Goyal (2009) Rajan and Zingales(1995) ... (2004) Determinants of Capital Structure: Empirical Evidence from the Czech Republic Czech Journal of Economics and Finance, 54 (1-2), 2-21 Bauer, P (2004) Capital structure of listed companies ... between equity and debt: An empirical study Journal of Finance, 37, 121-144 Modigliani, F., Miller, M.H (1958) The cost of capital, corporate finance, and the theory of investment American Economic...