This study focuses to answer the question whether the Financial Crisis of 2008 had an impact on firm’s capital structure. This study gathers data of 45 firms from 2006-2007 and 2009-2010 to see the difference between the determinants of capital structure by using OLS regressions. A chow test is also performed to see if there is a significant change in the determinants of capital structure. Theory regarding capital structure focuses on perfect capital markets, the trade-off theory, agency theory, and market-timing hypothesis. Earlier studies are reviewed to help construct the operational model for this study.
Kamada, Ryan, "A Theoretical and Empirical Study on the Financial Crisis of 2008 and its Effect on a Firm’s Capital Structure" (2017). Senior Independent Study Theses. Paper 7685.
Bachelor of Arts
Senior Independent Study Thesis
© Copyright 2017 Ryan Kamada