Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/218139 
Year of Publication: 
1995
Citation: 
[Journal:] South African Journal of Business Management [ISSN:] 2078-5976 [Volume:] 26 [Issue:] 2 [Publisher:] African Online Scientific Information Systems (AOSIS) [Place:] Cape Town [Year:] 1995 [Pages:] 58-63
Publisher: 
African Online Scientific Information Systems (AOSIS), Cape Town
Abstract: 
In this research a survey was used to gain insight into the factors that affect the choice of capital structure, from the perspective of investment advisors. Content analysis of responses to open-ended questions in the questionnaire and interviews showed a clear support for the optimal capital structure theory and indicated theory-based approaches to the choice between different financing instruments. Factor analysis showed that taxation implications, market concerns and financing costs affect capital structure decisions. The results indicate that asymmetric information and signalling are important concerns but provide little evidence regarding the importance of agency considerations.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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