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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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:
Date: 16 October 2014
Subjects: N100 Business studies
N300 Finance
Divisions: REF UoA Output Collections > REF2021 UoA17: Business and Management Studies
Depositing User: Anton Miglo
Date Deposited: 02 Aug 2018 10:26
Last Modified: 02 Aug 2018 10:26

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