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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:http://purl.utwente.nl/essays/67333
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