haku: @author Gaud, P. (et al.) / yhteensä: 1
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Tekijä: | Gaud, P. (et al.) |
Otsikko: | The capital structure of Swiss companies: an empirical analysis using dynamic panel data |
Lehti: | European Financial Management
2005 : JAN, VOL. 11:1, p. 51-69 |
Asiasana: | Capital structure of companies Corporate finance Switzerland |
Vapaa asiasana: | Pecking order theory |
Kieli: | eng |
Tiivistelmä: | This article analyses the determinants of the capital structure of 104 Swiss listed companies. The writers find that company size and the importance of tangible assets are positively related to leverage. Growth and profitability are negatively related to leverage. These to relations imply that both the pecking order and trade-off theories can be used in explaining the capital structure of Swiss companies. |
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