• English
    • svenska
  • svenska 
    • English
    • svenska
  • Logga in
Redigera dokument 
  •   Startsida
  • Student essays / Studentuppsatser
  • Department of Business Administration / Företagsekonomiska institutionen
  • Kandidatuppsatser Företagsekonomiska institutionen
  • Redigera dokument
  •   Startsida
  • Student essays / Studentuppsatser
  • Department of Business Administration / Företagsekonomiska institutionen
  • Kandidatuppsatser Företagsekonomiska institutionen
  • Redigera dokument
JavaScript is disabled for your browser. Some features of this site may not work without it.

Capital Structure in the Real Estate and Construction Industry - An empirical study of the pecking order theory, the trade-off theory and the maturity-matching principle

Sammanfattning
The aim of this report is to test if the real estate industry and the construction industry in Sweden are described by the pecking order theory, trade-off theory and/or the maturity-matching principle by investigating determinants of capital structure in the two industries separately. The theoretical framework used in this report is the pecking order theory, the trade-off theory and the maturity-matching principle in order to establish the research topic. A static panel data regression is performed on a decomposed leverage level to test the hypotheses empirically, including the unobserved firm characteristics: growth opportunities, profitability, size, tangibility, volatility in earnings, non-debt tax shields and lastly effective tax rate. The results indicate that the Swedish real estate industry and the Swedish construction industry differ significantly over the period of 2007 to 2015. In general, the report provides support for both the pecking order theory, the trade-off theory and the maturity-matching principle.
Examinationsnivå
Student essay
URL:
http://hdl.handle.net/2077/52452
Samlingar
  • Kandidatuppsatser Företagsekonomiska institutionen
Fil(er)
gupea_2077_52452_1.pdf (615.8Kb)
Datum
2017-06-02
Författare
Seeman, Astrid
Jacobson, Lars
Nyckelord
The pecking order theory, The trade-off theory, The maturity-matching principle, Swedish real estate industry, Swedish construction industry, Static panel data regression
Serie/rapportnr.
Industriell och finansiell ekonomi
16/17:1
Språk
eng
Metadata
Visa fullständig post

DSpace software copyright © 2002-2016  DuraSpace
gup@ub.gu.se | Teknisk hjälp
Theme by 
Atmire NV
 

 

Visa

VisaSamlingarI datumordningFörfattareTitlarNyckelordDenna samlingI datumordningFörfattareTitlarNyckelord

Mitt konto

Logga inRegistrera dig

DSpace software copyright © 2002-2016  DuraSpace
gup@ub.gu.se | Teknisk hjälp
Theme by 
Atmire NV