Determinants of South African companies' capital structure choice.

[摘要] This Research Report examines the determinants of South African industrial firms' capitalstructures. The report attempts to evaluate if a firm's preference for equity or debt capitalcan be attributed to specific variables which may reflect its industry profile or operatingstructure.A literature review, discussing both perfect and imperfect capital market conditions, isincluded 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

[发布机构] University of the Witwatersrand