A comparative analysis of capital structure and its determinants using selected multinational and local firms in the manufacturing industry for the period 2001-2005
Date of Publication
2007
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Management of Financial Institutions
Subject Categories
Finance and Financial Management
College
Ramon V. Del Rosario College of Business
Department/Unit
Financial Management
Defense Panel Chair
Carlo Asuncion
Defense Panel Member
Edralin Lim
Joel Bangalan
Abstract/Summary
Capital structure is the mixture of debt and equity utilized by a firm to finance its operations. Studies have shown that there are factors which influence the capital structure of firms. These factors are more popularly known as determinants and consequently include tangibility, growth, firm size, profitability, volatility, tax, non-debt tax shields, ownership structure and managerial shareholdings, networking, and relationship with banks. In this study, the proponents solely focused on the leverage portion of capital structure and made use of the first five determinants mentioned. Samples were taken from the manufacturing industry, which has consistently performed well, over the years. The companies selected were then classified into two main categories namely, local and multinational firms. Afterwards, the relationship between leverage and the determinants utilized were identified through the use of multivariate linear regression. Aside from this, a companrison between the overall preference of domestic and multinational firms for both long-term and short-term debt was performed. Lastly, the proponents were able to ascertain, which of the five determinants had a significant relationship to leverage.
Abstract Format
html
Language
English
Format
Accession Number
TU14172
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
41, [34] leaves, illustrations, 28 cm.
Keywords
Capital; Corporations--Finance; Business enterprises--Finance
Recommended Citation
Dionela, V. B., & Manigbas, A. B. (2007). A comparative analysis of capital structure and its determinants using selected multinational and local firms in the manufacturing industry for the period 2001-2005. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/4978
Embargo Period
3-18-2021