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 | ||||||
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| Identification Number: | https://doi.org/10.1080/15332861.2014.961348 | ||||||
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| 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 |
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| Divisions: | Faculty of Business, Law and Social Sciences > Birmingham City Business School | ||||||
| Depositing User: | Anton Miglo | ||||||
| Date Deposited: | 02 Aug 2018 10:26 | ||||||
| Last Modified: | 22 Mar 2023 11:49 | ||||||
| URI: | https://www.open-access.bcu.ac.uk/id/eprint/6177 |
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