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dc.contributor.authorKristiansen, Andrea Bruu
dc.contributor.authorSeljelid, Marianne
dc.date.accessioned2018-12-12T14:20:37Z
dc.date.available2018-12-12T14:20:37Z
dc.date.issued2018
dc.identifier.urihttp://hdl.handle.net/11250/2577445
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Business law, tax and accounting - Handelshøyskolen BI, 2018nb_NO
dc.description.abstractThis 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.isoengnb_NO
dc.publisherHandelshøyskolen BInb_NO
dc.subjectforretningsjusnb_NO
dc.subjectskattnb_NO
dc.subjectregnskapnb_NO
dc.subjectbusinessnb_NO
dc.subjectlawnb_NO
dc.subjectaccountingnb_NO
dc.subjecttaxnb_NO
dc.titlePecking Order Theory vs. Trade-Off Theory: How do financing decisions differ with firm size?nb_NO
dc.typeMaster thesisnb_NO
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