Capital structure: a comparison between market-based and bank-based financial systems

dc.contributor.advisor	Τσιριτάκης, Εμμανουήλ
dc.contributor.author	Ρεκαντζή, Αδαμαντία Δ.
dc.date.accessioned	2014-05-08T15:50:33Z
dc.date.available	2014-05-08T15:50:33Z
dc.date.issued	2014-05-08T15:50:33Z
dc.identifier.uri	https://dione.lib.unipi.gr/xmlui/handle/unipi/5800
dc.language.iso	el
dc.rights	Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 4.0 Διεθνές
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/deed.el
dc.subject	Capital investments
dc.subject	Capital market
dc.subject	Financial leverage
dc.subject	Financial markets
dc.title	Capital structure: a comparison between market-based and bank-based financial systems
dc.type	Master Thesis
europeana.isShownAt	https://dione.lib.unipi.gr/xmlui/handle/unipi/5800
dc.identifier.call	332.6 ΡΕΚ
dc.description.abstractEN	This thesis explores the equity market timing effect on capital structure decisions in the U.K. which is considered a Market-based financial system and Germany which is regarded as a Bank-based financial system. In contrast with previous studies, we find no evidence supporting Market timing Theory in both countries. No significant and conclusive results are found to indicate that in the U.K. firms tend to issue equity when their market values are high whereas in Germany firms tend to have higher debt ratios.

Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 4.0 Διεθνές