Abstract

https://ssrn.com/abstract=2557861
 


 



Firm and Industry Specific Determinants of Capital Structure: Evidence from Australian Market Paper


Lary Li


RMIT University - School of Economics, Finance and Marketing; Financial Research Network (FIRN)

Silvia Zia Islam


RMIT University; Financial Research Network (FIRN)

January 30, 2015

2015 Financial Markets & Corporate Governance Conference

Abstract:     
We demonstrate the importance of firm-specific and industry-specific factors in the leverage decision of Australian firms. Empirical findings show that some firm-specific factors vary across industry, while prior literature assumes equal impact of these factors. In addition, we find that industry-specific factors have direct and indirect impact on the formation of capital structure of Australian firms.

Number of Pages in PDF File: 27

Keywords: Capital Structure, Firm-Specific factors, Industry-Specific factors

JEL Classification: G30, G32


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Date posted: February 4, 2015  

Suggested Citation

Li, Lary and Islam, Silvia Zia, Firm and Industry Specific Determinants of Capital Structure: Evidence from Australian Market Paper (January 30, 2015). 2015 Financial Markets & Corporate Governance Conference. Available at SSRN: https://ssrn.com/abstract=2557861 or http://dx.doi.org/10.2139/ssrn.2557861

Contact Information

Larry Li (Contact Author)
RMIT University - School of Economics, Finance and Marketing ( email )
Business
Level 12, 239 Bourke Street
Melbourne, Victoria 3000
Australia
Financial Research Network (FIRN)
C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia
HOME PAGE: http://www.firn.org.au

Silvia Zia Islam
RMIT University ( email )
124 La Trobe Street
Melbourne, 3000
Australia
Financial Research Network (FIRN)
C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia
HOME PAGE: http://www.firn.org.au

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