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Dynamic Capital Structure: Theory and Tests on the Swedish Market
Stockholm University, Faculty of Social Sciences, School of Business.
2003 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This paper addresses the issue of dynamic capital structure and tests the Berens and Cuny (1995) model for optimal capital structure by using the Swedish market data. The results indicate that on average companies listed on the OM Stockholm Stock Exchange A-list, debt ratios are in line with what the model predicts. Observations regarding companies that are rated by credit rating institutes point in the direction that such firms use debt in a more conservative way.

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Business Administration
URN: urn:nbn:se:su:diva-3745OAI: diva2:193110
Available from: 2007-01-05 Created: 2007-01-05

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