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HEC-Ecole de gestion de l'Université de Liège
HEC-Ecole de gestion de l'Université de Liège
MASTER THESIS
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The role of legal domicile choice in capital structure decisions : Evidence from multinational corporations in the US and the UK

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Nieminen, Eerik ULiège
Promotor(s) : Gautier, Axel ULiège
Date of defense : 3-Sep-2020/9-Sep-2020 • Permalink : http://hdl.handle.net/2268.2/10268
Details
Title : The role of legal domicile choice in capital structure decisions : Evidence from multinational corporations in the US and the UK
Translated title : [fr] Le rôle du choix de domicile légal dans les décisions relatives à la structure du capital
Author : Nieminen, Eerik ULiège
Date of defense  : 3-Sep-2020/9-Sep-2020
Advisor(s) : Gautier, Axel ULiège
Committee's member(s) : Tharakan, Joseph ULiège
Scivoletto, Alexandre ULiège
Language : English
Number of pages : 49
Keywords : [en] Corporate finance
[en] Capital structure
[en] Legal domicile choice
[en] Multinational corporations
Discipline(s) : Business & economic sciences > Finance
Target public : Researchers
Professionals of domain
Student
General public
Other
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences économiques, orientation générale, à finalité spécialisée en macroeconomics and finance
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] This thesis considers international differences in corporate capital structure decisions. As far as
the author is aware, little research has been conducted on this topic previously. The literature review describes three mainstream theories of capital structure and derives testable hypotheses for each theory. The methodology used to test the hypotheses is a mixture of previously used methodologies and newly developed methodologies. A unique panel dataset of large multinational corporations from the US and the UK was collected specifically for this thesis. Econometrics methods were used to test the validity of each capital structure theory and to identify differences between the US and the UK. The results were analysed and differences between the US and the UK were discussed in the context of previous research.


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  • Nieminen, Eerik ULiège Université de Liège > Master sc. éco., or. gén., à fin.

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  • Total number of views 49
  • Total number of downloads 289










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