Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Capital Structure Policy Decisions in Nordic Listed Firms
Stockholm University, Faculty of Social Sciences, School of Business, Finance.
Hanken School of Economics, Finland.
Hanken School of Economics, Finland.
University of Turku, Finland.
2013 (English)In: Proceeedings, Eurofidai , 2013, 1-27 p.Conference paper, Published paper (Other academic)
Abstract [en]

In this paper we report the results from a survey among all publicly listed Nordic firms on their policy decisions concerning their capital structure. We find that more than 60 percent of the companies have rather or relatively flexible debt target, whereas a strict target or no target at all is approximately equally common. We also study the determinants for the strictness of the debt target, and find support for both firm characteristics as well as behavioral variables. We also study the link between capital structure policy and dividend policy, and find that dividend paying firms - firms with a definite dividend policy are more likely to have a stricter debt target. These results indicate that more research should be done on the joint setting of capital structure and dividend policies.

Place, publisher, year, edition, pages
Eurofidai , 2013. 1-27 p.
Series
Working Paper Series
Keyword [en]
corporate finance, dividend policy, payout, debt target, capital structure, Nordic, Nasdaq OMX
National Category
Economics and Business
Research subject
Business Administration
Identifiers
URN: urn:nbn:se:su:diva-90520DOI: 10.2139/ssrn.2274548OAI: oai:DiVA.org:su-90520DiVA: diva2:626094
Conference
10th INTERNATIONAL PARIS FINANCE MEETING PARIS December 2012 by EUROFIDAI - AFFI
Available from: 2013-06-06 Created: 2013-06-06 Last updated: 2013-07-11Bibliographically approved

Open Access in DiVA

Capital Structure Policy Decisions in Nordic Listed Firms(140 kB)392 downloads
File information
File name FULLTEXT01.pdfFile size 140 kBChecksum SHA-512
c692a3e6d0c283f33be81fc173502d45da8598423f6760a7fbd099a88dcf81a82a5d2f08162330b747f691bcf0e806145fae91c7c76447876f2b73d10413ba45
Type fulltextMimetype application/pdf

Other links

Publisher's full text

Search in DiVA

By author/editor
Brunzell, Tor
By organisation
Finance
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
Total: 392 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 258 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf