Assess graduate-level understanding of theoretical frameworks (trade-off, pecking order, agency, market timing) and empirical determinants of capital structure in emerging market firms; evaluate firm-level factors (profitability, size, asset tangibility, growth), country-level influences (institutional quality, financial development, taxation, macro volatility, currency and sovereign risk), and methodological issues (endogeneity, panel methods, IVs, sample selection). Expect interpretation of empirical results and discussion of managerial and policy implications.