Determinants of Choosing Capital Structure on Emerging Markets

Student: Shekoyan Gurgen

Educational Programme: Corporate Finance (Master)

Year of Graduation: 2017

This paper is about empirical testing of trade-off theory on emerging markets between 2010 and 2015. Several hypothesis were tested, in particular: hypothesis about homogenety of two samples before and after oil prices shock, hypothesis about differences between determinants among developing countries. Generally, analysis shows that trade-off theory is consistent with modern observations.

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