Determinants of South African companies' capital structure choice.
Date
1995
Authors
Kantor, Howard
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Abstract
This Research Report examines the determinants of South African industrial firms' capital
structures. The report attempts to evaluate if a firm's preference for equity or debt capital
can be attributed to specific variables which may reflect its industry profile or operating
structure.
A literature review, discussing both perfect and imperfect capital market conditions, is
included in order to determine if the premise of "variable influence" has academic support.
The variables found to have an influence on (non South African company) capital structure by authors examined in the review, are
Description
A Research Report submitted to the
Facultv of Commerce, University of the
Witwatersrand, Johannesburg in partial
fulfilment of the requirements for the
Degree of Master of Commerce.
Keywords
Debt-to-equity ratio -- South Africa., Debt financing (Corporations) -- South Africa.