Determinants of Capital Structure for Listed Companies in the Colombian Industrial Sector

Name: Paola Suarez

keyword: Capital structure

; tangibility

; corporate tax rate

The purpose of this study was to determine the relationship between tangibility, corporate taxes, age, and company size to the capital structure of Colombian firms. Thirty five (35) companies of the industrial sector listed by the Colombian Stock Exchange were chosen as the sample for this study. Financial data used in the analysis was collected from their public annual reports. A Pearson correlation coefficient was used to analyze the linear dependence between leverage (firm’s capital structure) and the independent variables (tangibility, corporate tax rate, age, and company size). The results indicate that tangibility, corporate tax rate, and age of companies don’t have a significant relationship with the leverage of the company. But, there exists a significant positive correlation between the size of the company and its capital structure which is consistent with the trade-off theory of capital structure.

สำนักวิทยบริการและสารสนเทศ มหาวิทยาลัยนานาชาติเอเชีย-แปซิฟิก

Address: สระบุรี

Email: dirlibr@apiu.edu

Modified: 2562-07-08

Issued: 2017-03-07

บทความ/Article

application/pdf

ISBN: ISSN 2408-137X

BibliograpyCitation : Catalyst Volume 13, No. 2, 2016

Catalyst Volume 13, No. 2, 2016

eng

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