Capital Structure of Internet Companies: Case Study

Lee, Zhenting and Liang, Shuting and Miglo, Anton (2014) Capital Structure of Internet Companies: Case Study. Journal of Internet Commerce, 13 (3-4). pp. 253-281. ISSN 1533-2861

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Abstract

The financing decisions and capital structure of internet companies are analyzed and observed findings are related to the common capital structure theories. Large internet companies usually have low debt and small internet companies have high debt. It was found that the trade-off theory of capital structure, pecking order theory, market timing theory and other theories cannot individually explain a firm’s capital structure. However, they can compliment each other in describing some patterns of observed behavior. A number of recommendations for capital structure theory and practice is suggested.

Item Type:	Article
Identification Number:	10.1080/15332861.2014.961348
Dates:	Date Event 5 September 2014 Accepted 16 October 2014 Published Online
Subjects:	CAH17 - business and management > CAH17-01 - business and management > CAH17-01-02 - business studies CAH17 - business and management > CAH17-01 - business and management > CAH17-01-07 - finance
Divisions:	Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship
Depositing User:	Anton Miglo
Date Deposited:	02 Aug 2018 10:26
Last Modified:	20 Jun 2024 12:06
URI:	https://www.open-access.bcu.ac.uk/id/eprint/6177

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