CEU Electronic Theses and Dissertations, 2011
| Author | Trunova, Irina |
|---|---|
| Title | What Determines Capital Structure? Evidence from IT Firms in the UK |
| Summary | This study tests the determinants of capital structure for the firms listed in the Software & Computer Services sector at the London Stock Exchange during the five year period from 2006 to 2010. Three models using pooled OLS, cross-section and time fixed effects regression equations are used to estimate the relationship between firm decisions about level of leverage and tangibility of assets, firm size and profitability. Tangibility and profitability are found to be positively correlated with the leverage ratio, while firm size revealed a negative effect. Findings are explained with the reference to the late 2000’s financial crisis. |
| Supervisor | Konya, Istvan |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2011/trunova_irina.pdf |
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