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The Choice Between Equity and Debt: An Empirical Investigation.

Moschese, Giuseppe (2009) The Choice Between Equity and Debt: An Empirical Investigation. Masters thesis, Dublin, National College of Ireland.

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    Abstract

    The paper purpose is to understand, by through empirical testing for the period 2000 - 2005, how the Chief Executive Officer of the Italian non financial firms, listed in MIB30, faced the adequacy of their company's capitalization and how the capital is formed.
    For the mentioned purpose leverage, collateral value of assets, non debt-tax shields, firm size, firm age, firm profitability and cash holding are taken as proxies for the determinants of Capital Structure. The results are consistent with the Pecking Order Theory and also the firm capital structure is mostly influenced by the firm profitability and non debt-tax shields determinates.

    Item Type: Thesis (Masters)
    Subjects: H Social Sciences > HG Finance > Financial Management
    Divisions: School of Business > Master of Arts in Finance
    Depositing User: SINEAD CORCORAN
    Date Deposited: 22 Mar 2011 11:55
    Last Modified: 27 Apr 2012 15:18
    URI: http://trap.ncirl.ie/id/eprint/491

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