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Capital Structure and Gearing

C/F/743. Dissertation. Determinants of Capital Structure: Case Study of UK Listed Firms

WORDS:
11750
DATE:
2010
PRICE:
119.99 GBP

The dissertation investigates capital structure determinants in UK listed companies for the period covering 2004-2008. The review of literature touches on the capital structure theories that predict the impact of these determinants including the static trade-off theory, pecking order theory, and agency cost theory. The relevance of capital structure theories for the capital structure decisions is tested applying the multiple linear regression model to analyse the impact of six determinants on the debt ratios. Conclusions are made about the significance of each determinant, i.e. profitability, firm size, volatility, tangibility, non-debt tax shields and the growth opportunities.

 

KEYWORDS: Dissertation, Determinants of Capital Structure in UK Listed Firms, debt ratios,

 
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