University of Twente Student Theses
The determinants of capital structure: Evidence from Sweden
Terhaag, J.A.M.A. (2015) The determinants of capital structure: Evidence from Sweden.
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| Abstract: | This paper investigates the predictions on capital structure made by the static trade-off theory and the pecking order theory in a Swedish context, from 2009-2013. Hypotheses were derived from both theories and have been tested using an ordinary least squire regression model. The empirical results show that the firm-level determinants profitability, tangibility, growth opportunities, size and liquidity play a significant role in determining the capital structure of Swedish stock listed firms. The results furthermore show that the static trade-off theory has the most explanatory power for the capital structure of Swedish stock listed firms. |
| Item Type: | Essay (Bachelor) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | International Business Administration BSc (50952) |
| Link to this item: | https://purl.utwente.nl/essays/67333 |
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