The effect of national culture on capital structure

This study investigates the effect of national culture on capital structure over time. So, the panel data has chosen from 563 companies with the 2816 observations from the best stock indices of 8 countries include Australia, Austria, Greece, Indonesia, Japan, Malaysia, Norway, Singapore during 2007-...

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Main Author:	Baroumand, Soroush
Format:	Thesis
Published:	2013
Subjects:	HD Industries Land use Labor
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id	my-mmu-ep.3875
record_format	uketd_dc
spelling	my-mmu-ep.38752013-06-20T01:21:41Z The effect of national culture on capital structure 2013-06-13 Baroumand, Soroush HD Industries. Land use. Labor This study investigates the effect of national culture on capital structure over time. So, the panel data has chosen from 563 companies with the 2816 observations from the best stock indices of 8 countries include Australia, Austria, Greece, Indonesia, Japan, Malaysia, Norway, Singapore during 2007-2011. Using the multiple regression, final result shows significant effect of uncertainty avoidance index (UIA) on capital structure. Power distance index does not have significant effect on capital structure. Also because of independency of explanatory variables between UIA and MAS and also PDI and IDV, there is nothing to say about IDV and MAS. Also this study investigates the impact of other important firm’s parameters and country’s factors on capital structure include size, tangibility, market-to-book ratio, profitability, growth opportunities, and inflation. 2013-06 Thesis http://shdl.mmu.edu.my/3875/ http://vlib.mmu.edu.my/diglib/login/dlusr/login.php masters Multimedia University Graduate School of Management
institution	Multimedia University
collection	MMU Institutional Repository
topic	HD Industries Land use Labor
spellingShingle	HD Industries Land use Labor Baroumand, Soroush The effect of national culture on capital structure
description	This study investigates the effect of national culture on capital structure over time. So, the panel data has chosen from 563 companies with the 2816 observations from the best stock indices of 8 countries include Australia, Austria, Greece, Indonesia, Japan, Malaysia, Norway, Singapore during 2007-2011. Using the multiple regression, final result shows significant effect of uncertainty avoidance index (UIA) on capital structure. Power distance index does not have significant effect on capital structure. Also because of independency of explanatory variables between UIA and MAS and also PDI and IDV, there is nothing to say about IDV and MAS. Also this study investigates the impact of other important firm’s parameters and country’s factors on capital structure include size, tangibility, market-to-book ratio, profitability, growth opportunities, and inflation.
format	Thesis
qualification_level	Master's degree
author	Baroumand, Soroush
author_facet	Baroumand, Soroush
author_sort	Baroumand, Soroush
title	The effect of national culture on capital structure
title_short	The effect of national culture on capital structure
title_full	The effect of national culture on capital structure
title_fullStr	The effect of national culture on capital structure
title_full_unstemmed	The effect of national culture on capital structure
title_sort	effect of national culture on capital structure
granting_institution	Multimedia University
granting_department	Graduate School of Management
publishDate	2013
_version_	1747829559331389440

The effect of national culture on capital structure

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