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South African Capital Structure Decisions: A Survey of Listed Companies

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dc.contributor.author De Wet, Lambert H
dc.contributor.author Gossel, SJ
dc.date.accessioned 2016-02-23T09:03:52Z
dc.date.available 2016-02-23T09:03:52Z
dc.date.issued 2015-12
dc.identifier.citation De wet, L and Gossel, SJ. South African Capital Structure Decisions: A Survey of Listed Companies. Journal of African Business, vol. 17 (1) en_US
dc.identifier.issn 1522-8916
dc.identifier.uri http://hdl.handle.net/10204/8407
dc.description Copyright: 2015 Taylor & Francis. Due to copyright restrictions, the attached PDF file only contains the post print version of the full text item. For access to the full text item, please consult the publisher's website. The definitive version of the work is published in Journal of African Business, vol. 17 (1), pp 21 en_US
dc.description.abstract This paper explores the factors that influence capital structure decisions in South Africa from the perspective of the Chief Financial Officer (CFO). The results of a survey of 33 CFOs of JSE listed companies find that South African CFOs are equally likely to follow the Pecking Order and Static Trade-Off theories. However, small companies are more likely to follow the Pecking Order theory while large companies are more likely to follow the Static Trade-Off theory. In addition, the results show that South African companies are more likely to follow the Static Trade-Off theory than companies in other emerging countries. en_US
dc.language.iso en en_US
dc.publisher Taylor & Francis en_US
dc.relation.ispartofseries Workflow;16310
dc.subject Capital en_US
dc.subject Cost of Capital en_US
dc.subject Corporate Finance en_US
dc.subject South Africa en_US
dc.subject Survey en_US
dc.title South African Capital Structure Decisions: A Survey of Listed Companies en_US
dc.type Article en_US
dc.identifier.apacitation De Wet, L. H., & Gossel, S. (2015). South African Capital Structure Decisions: A Survey of Listed Companies. http://hdl.handle.net/10204/8407 en_ZA
dc.identifier.chicagocitation De Wet, Lambert H, and SJ Gossel "South African Capital Structure Decisions: A Survey of Listed Companies." (2015) http://hdl.handle.net/10204/8407 en_ZA
dc.identifier.vancouvercitation De Wet LH, Gossel S. South African Capital Structure Decisions: A Survey of Listed Companies. 2015; http://hdl.handle.net/10204/8407. en_ZA
dc.identifier.ris TY - Article AU - De Wet, Lambert H AU - Gossel, SJ AB - This paper explores the factors that influence capital structure decisions in South Africa from the perspective of the Chief Financial Officer (CFO). The results of a survey of 33 CFOs of JSE listed companies find that South African CFOs are equally likely to follow the Pecking Order and Static Trade-Off theories. However, small companies are more likely to follow the Pecking Order theory while large companies are more likely to follow the Static Trade-Off theory. In addition, the results show that South African companies are more likely to follow the Static Trade-Off theory than companies in other emerging countries. DA - 2015-12 DB - ResearchSpace DP - CSIR KW - Capital KW - Cost of Capital KW - Corporate Finance KW - South Africa KW - Survey LK - https://researchspace.csir.co.za PY - 2015 SM - 1522-8916 T1 - South African Capital Structure Decisions: A Survey of Listed Companies TI - South African Capital Structure Decisions: A Survey of Listed Companies UR - http://hdl.handle.net/10204/8407 ER - en_ZA


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