The capital structure and its impact on firm value od JSE
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: The capital structure and its impact on firm value od JSE
The capital structure and its impact on firm value od JSE
A A 7” Wlts prjb Business -LIO SchoolSculpting global leadersThesis for the Master of Management in Finance and InvestmentsTopic: The Capital structur The capital structure and its impact on firm value od JSEre and its impact on firm value of JSE Securities Exchange ListedCompaniesName: Neo MohohloStudent number: 693236Supervisor: Professor Kalu OjahWits Business SchoolFaculty of Commerce, Law and ManagementWits Business School2St. David's Place, Parktown, Johannesburg 2193P.O Box 98, Wits 2050, South A The capital structure and its impact on firm value od JSEfricaThesis submitted in fulfillment of the requirements for the degree of MASTER OF MANAGEMENT IN FINANCE AND INVESTMENT in theFACULTY OF COMMERCE, LThe capital structure and its impact on firm value od JSE
AW AND MANAGEMENTWITS BUSINESS SCHOOL at theUNIVERSITY OF THE WITWATERSRANDDECLARATIONI, Neo Mohohlo, declare that the research work reported in this A A 7” Wlts prjb Business -LIO SchoolSculpting global leadersThesis for the Master of Management in Finance and InvestmentsTopic: The Capital structur The capital structure and its impact on firm value od JSEn Finance and Investment degree at the University of the Witwatersrand, Johannesburg. This thesis has not, either in whole or in part, been submitted for a degree or diploma to any other institution or university for a similar qualification.N.R Mohohlo41360DateAcknowledgementsI wish to express my gr The capital structure and its impact on firm value od JSEatitude to God almighty for giving me the strength to complete this thesis. As with most processes the completion of this thesis required input and suThe capital structure and its impact on firm value od JSE
pport from people other than me. I wish to express a special thanks to the following people:•Prof. Kalu Ojah for his professional supervision, supportA A 7” Wlts prjb Business -LIO SchoolSculpting global leadersThesis for the Master of Management in Finance and InvestmentsTopic: The Capital structur The capital structure and its impact on firm value od JSEguidance and support.•Kgosi Rahube for his assistance with the data.•Allan Kundu for his assistance with the regressions.•Indheran Pillay and Natalie Morley for editing and formatting my final paper.•My family and loved ones for their support and understanding.AbstractThe capital structure theory wa The capital structure and its impact on firm value od JSEs pioneered by Modigliani and Miller (1958). In their study, Modigliani and Miller (1958) argued that capital structure was irrelevant to firm value.The capital structure and its impact on firm value od JSE
There is also significant theory on the capital structure of firms and its determinants.Using a panel of non-financial firms listed on the JSE SecuritA A 7” Wlts prjb Business -LIO SchoolSculpting global leadersThesis for the Master of Management in Finance and InvestmentsTopic: The Capital structur The capital structure and its impact on firm value od JSElts of the analysis on the relevance of capital structure on firm value indicated that there is no statistically significant relationship between firm value and the capital structure of firms. This analysis was conducted for the general sample of firms in the study, within industries and by firm siz The capital structure and its impact on firm value od JSEe, however, the results were consistent throughout all the analysis.The results of the capital structure and its determinants analysis indicated thatThe capital structure and its impact on firm value od JSE
South African firms followed a pecking order theory. The results also indicated that profitability, size, asset tangibility and tax shield has a statiA A 7” Wlts prjb Business -LIO SchoolSculpting global leadersThesis for the Master of Management in Finance and InvestmentsTopic: The Capital structur The capital structure and its impact on firm value od JSEt firms in South Africa tend to use more long-term debt than short-term debt. The leverage ratios also differed among industries with the Health care industry having the highest levels of leverage and the Technology industry having the lowest levels of leverage. The capital structure and its impact on firm value od JSEA A 7” Wlts prjb Business -LIO SchoolSculpting global leadersThesis for the Master of Management in Finance and InvestmentsTopic: The Capital structurGọi ngay
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