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Chen, Xing (2014) The Study of Determinants of Capital Structure in the United Kingdom Financial Service Industry. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

The paper investigates how financial service companies in United Kingdom (UK) determine their capital structure from 2004 to 2013. Using dynamic panel data analysis and two-step system Generalized Method of Moment (GMM), unobserved firm-specific effects and the endogeneity problems are mitigated. The findings of this paper suggest that the capital structure (leverage) is positively affected by size of firm, asset tangibility, growth probability, dividend and non-debt tax shield. But it is negatively affected by profitability of the company. In addition, size, profitability, growth probability and dividend exert significant effects on the capital structure of the UK financial service companies.

Item Type:	Dissertation (University of Nottingham only)
Depositing User:	EP, Services
Date Deposited:	11 Nov 2014 16:34
Last Modified:	19 Oct 2017 14:00
URI:	https://eprints.nottingham.ac.uk/id/eprint/27492

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