The Investigation of the Main Drivers of Capital Structure in the UK Market

Student, A. (2015) The Investigation of the Main Drivers of Capital Structure in the UK Market. UNSPECIFIED thesis, UNSPECIFIED.

View this record at http://eprints.chi.ac.uk/1442/

Abstract

This paper aims to study what kinds of factors would be important to influence the capital structures of the firms in the UK market by using regression tests on the UK market data. It applies 70 companies’ financial data for the period from 2010 to 2014, and found that the profitability, board size, firm size, and business risk can be considered as an important factor in impacting on the capital structure change based on the UK market data. However, different from the previous academic studies, such as studies done by Wen, et al (2002), this paper fails to find any relationship between the outside directorship and the capital structure. In other words, the outside directorship might not have any significant influence on the capital structure of the firms, while previous studies suggest a negative relationship between the outside directorship and the capital structure.

Item Type: Thesis
Keywords: HC Economic History and Conditions, HG Finance
Members: University of Chichester
Depositing User: ULCC Admin
Date Deposited: 08 Nov 2016 13:00
Last Modified: 08 Nov 2016 13:00
URI: http://collections.crest.ac.uk/id/eprint/11856

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