Capital structure and determinants of capital structure, before, during and after the 2008 financial crisis: A South African study
| dc.contributor.advisor | Chamisa, Edward | |
| dc.contributor.advisor | Pamburai, Hamutyinei Harvey | |
| dc.contributor.author | Ntshobane, Gcobisa | |
| dc.date.accessioned | 2021-09-15T21:50:46Z | |
| dc.date.available | 2021-09-15T21:50:46Z | |
| dc.date.issued | 2021 | |
| dc.date.updated | 2021-09-15T01:04:32Z | |
| dc.description.abstract | This study examines the effects of 2007/8 financial crisis on capital structure determinants of Johannesburg Stock Exchange (JSE) listed companies in South Africa. Data extracted from INET BFA Expert database was analyzed using regression models on the correlation between the leverage and company size, growth, profitability, tangibility, liquidity, non-debt tax shield along with Ordinary Least Squares based on the sample of JSE listed companies for the period of 2004 to 2013. The study examined two industries namely, Real estate and Retail industry. The results show that size, tangibility, profitability and liquidity have significant impact on the capital structure before, during and after financial crisis. Growth results were inconsistent over the period under review, and non-debt tax shield was found to be statistically insignificant. The study also shows that the 2007/8 had statistical significance on the capital structure of the listed companies in South Africa. | |
| dc.identifier.apacitation | Ntshobane, G. (2021). <i>Capital structure and determinants of capital structure, before, during and after the 2008 financial crisis: A South African study</i>. (). ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/33941 | en_ZA |
| dc.identifier.chicagocitation | Ntshobane, Gcobisa. <i>"Capital structure and determinants of capital structure, before, during and after the 2008 financial crisis: A South African study."</i> ., ,Faculty of Commerce ,Department of Finance and Tax, 2021. http://hdl.handle.net/11427/33941 | en_ZA |
| dc.identifier.citation | Ntshobane, G. 2021. Capital structure and determinants of capital structure, before, during and after the 2008 financial crisis: A South African study. . ,Faculty of Commerce ,Department of Finance and Tax. http://hdl.handle.net/11427/33941 | en_ZA |
| dc.identifier.ris | TY - Master Thesis AU - Ntshobane, Gcobisa AB - This study examines the effects of 2007/8 financial crisis on capital structure determinants of Johannesburg Stock Exchange (JSE) listed companies in South Africa. Data extracted from INET BFA Expert database was analyzed using regression models on the correlation between the leverage and company size, growth, profitability, tangibility, liquidity, non-debt tax shield along with Ordinary Least Squares based on the sample of JSE listed companies for the period of 2004 to 2013. The study examined two industries namely, Real estate and Retail industry. The results show that size, tangibility, profitability and liquidity have significant impact on the capital structure before, during and after financial crisis. Growth results were inconsistent over the period under review, and non-debt tax shield was found to be statistically insignificant. The study also shows that the 2007/8 had statistical significance on the capital structure of the listed companies in South Africa. DA - 2021_ DB - OpenUCT DP - University of Cape Town KW - Capital Structure KW - leverage KW - financial crisis KW - debt KW - determinants KW - Ordinary Least Square LK - https://open.uct.ac.za PY - 2021 T1 - Capital structure and determinants of capital structure, before, during and after the 2008 financial crisis: A South African study TI - Capital structure and determinants of capital structure, before, during and after the 2008 financial crisis: A South African study UR - http://hdl.handle.net/11427/33941 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/33941 | |
| dc.identifier.vancouvercitation | Ntshobane G. Capital structure and determinants of capital structure, before, during and after the 2008 financial crisis: A South African study. []. ,Faculty of Commerce ,Department of Finance and Tax, 2021 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/33941 | en_ZA |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | Department of Finance and Tax | |
| dc.publisher.faculty | Faculty of Commerce | |
| dc.subject | Capital Structure | |
| dc.subject | leverage | |
| dc.subject | financial crisis | |
| dc.subject | debt | |
| dc.subject | determinants | |
| dc.subject | Ordinary Least Square | |
| dc.title | Capital structure and determinants of capital structure, before, during and after the 2008 financial crisis: A South African study | |
| dc.type | Master Thesis | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | MCom |