Hey folks, I bring up the topic because I really need your help. I am carrying out a research toward Capital Structure of firms. My main object is conferred as analysing the manager’s behaviour during financial distress, which is manifested by capital structure. Briefly, capital structure just the way a firm raises its funds: neither retain earnings, debt issuing or equity issuing given that firm likely arrange these options as retain earnings is priority, then debt issuing and equity issuing comes last due to adverse information. This is just pecking order theory. But I am expected to coming up with any idea being beyond that point. What I’ve been doing so far is investigating the relationship between capital structure and some external factors: liquidity, firm size, profitability and growth opportunity. What I can contribute to my originality up to the point is Public Relations, and credit crunch. However, now I fell like drying up and am going to have disastrous result over my research. So please help me, in terms of giving some more variables that I can put into my hypotheses. Many thanks.