TY - JOUR
T1 - The Determinants of Capital Structure in a Tax Free Environment: An Extreme Bounds Analysis
AU - Moosa, Imad
AU - Sbeiti, Wafaa
PY - 2012
Y1 - 2012
N2 - Extreme bounds analysis is used to identify the determinants of capital structure in a tax-free environment, using data from Oman. The results show some evidence for the importance of liquidity, tangibility, growth opportunities and stock price performance. The findings are more supportive of the pecking order theory than the trade-off theory, but in general they imply that the capital structure decision does matter, even in the absence of taxes.
AB - Extreme bounds analysis is used to identify the determinants of capital structure in a tax-free environment, using data from Oman. The results show some evidence for the importance of liquidity, tangibility, growth opportunities and stock price performance. The findings are more supportive of the pecking order theory than the trade-off theory, but in general they imply that the capital structure decision does matter, even in the absence of taxes.
UR - https://dspace.auk.edu.kw/handle/11675/7624
M3 - Article
VL - 3
SP - 869
EP - 888
JO - International Research Journal of Applied Finance
JF - International Research Journal of Applied Finance
IS - 6
ER -