Miglo, A. , Lee, Z. and Liang, S. (2014) Capital structure of Internet companies: case study. Journal of Internet Commerce, 13(3-4), pp. 253-281. (doi: 10.1080/15332861.2014.961348)
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Abstract
The financing decisions and capital structure of Internet companies are analyzed, and observed findings are related to the common capital structure theories. Large Internet companies usually have low debt, and small Internet companies have high debt. It was found that the trade-off theory of capital structure, pecking order theory, market timing theory, and other theories cannot individually explain a firm's capital structure. However, they can complement each other in describing some patterns of observed behavior. A number of recommendations for capital structure theory and practice are suggested.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Miglo, Dr Anton |
| Authors: | Miglo, A., Lee, Z., and Liang, S. |
| College/School: | College of Social Sciences > Adam Smith Business School > Accounting and Finance |
| Journal Name: | Journal of Internet Commerce |
| Publisher: | Taylor & Francis |
| ISSN: | 1533-2861 |
| ISSN (Online): | 1533-287X |
| Published Online: | 16 October 2014 |
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