dc.contributor.author | Kristiansen, Andrea Bruu | |
dc.contributor.author | Seljelid, Marianne | |
dc.date.accessioned | 2018-12-12T14:20:37Z | |
dc.date.available | 2018-12-12T14:20:37Z | |
dc.date.issued | 2018 | |
dc.identifier.uri | http://hdl.handle.net/11250/2577445 | |
dc.description | Masteroppgave(MSc) in Master of Science in Business, Business law, tax and accounting - Handelshøyskolen BI, 2018 | nb_NO |
dc.description.abstract | This paper examines the capital structure decisions in Norwegian firms. Using a
database containing extensive accounting data on Norwegian firms from 2006 to
2015, we test whether or not the pecking order theory and trade-off theory of capital
structure can explain financing decisions. To investigate the effect of company size,
we divide our sample into three groups: (1) Small non-listed firms, (2) non-listed
firms that fulfil the equity requirement to be listed in Norway, and (3) listed firms.
We find that smaller and non-listed firms show a greater tendency than listed firms
to adjust leverage in accordance with the pecking order theory. For listed firms, we
find that the trade-off theory is suitable for explaining financing decisions as they
show adjustment towards a target debt-ratio. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Handelshøyskolen BI | nb_NO |
dc.subject | forretningsjus | nb_NO |
dc.subject | skatt | nb_NO |
dc.subject | regnskap | nb_NO |
dc.subject | business | nb_NO |
dc.subject | law | nb_NO |
dc.subject | accounting | nb_NO |
dc.subject | tax | nb_NO |
dc.title | Pecking Order Theory vs. Trade-Off Theory: How do financing decisions differ with firm size? | nb_NO |
dc.type | Master thesis | nb_NO |
cristin.fulltext | | |