Capital structure of internet companies : case study

Miglo, A ORCID: https://orcid.org/0000-0002-9237-5293, Lee, Z and Liang, S 2014, 'Capital structure of internet companies : case study' , Journal of Internet Commerce, 13 (3-4) , pp. 253-281.

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Access Information: The Accepted Manuscript of this article is available Open Access at: http://www.open-access.bcu.ac.uk/6177/1/InternetCompaniesPublicat.pdf

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 complement each other in describing some patterns of observed behavior. A number of recommendations for capital structure theory and practice are suggested.

Item Type: Article
Schools: Schools > Salford Business School
Journal or Publication Title: Journal of Internet Commerce
Publisher: Taylor & Francis
ISSN: 1533-2861
Related URLs:
Depositing User: Dr Anton Miglo
Date Deposited: 25 May 2021 13:08
Last Modified: 25 May 2021 13:08
URI: http://usir.salford.ac.uk/id/eprint/60380

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