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Capital structure and corporate strategy in South Africa an empirical analysis

Using South African data, this study tests three propositions about capital structure and product market strategy. The results support the hypotheses that oligopolists have relatively high debt-equity ratio; their debt tends to be long term; and firms that produce unique and / or durable goods tend...

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Main Author: Chen, Haoyu
Other Authors: Ayogu, Melvin
Format: Thesis
Language:English
Published: School of Economics 2023
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access_status_str Open Access
author Chen, Haoyu
author2 Ayogu, Melvin
author_browse Ayogu, Melvin
Chen, Haoyu
author_facet Ayogu, Melvin
Chen, Haoyu
author_sort Chen, Haoyu
collection Thesis
description Using South African data, this study tests three propositions about capital structure and product market strategy. The results support the hypotheses that oligopolists have relatively high debt-equity ratio; their debt tends to be long term; and firms that produce unique and / or durable goods tend to have less debt-equity ratio.
format Thesis
id oai:open.uct.ac.za:11427/38235
institution University of Cape Town (South Africa)
language eng
last_indexed 2026-06-10T12:40:45.990Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2023
publishDateRange 2023
publishDateSort 2023
publisher School of Economics
publisherStr School of Economics
record_format dspace
source_str UCTD — University of Cape Town Open Access Repository
spelling oai:open.uct.ac.za:11427/38235 Capital structure and corporate strategy in South Africa an empirical analysis Chen, Haoyu Ayogu, Melvin Economics Using South African data, this study tests three propositions about capital structure and product market strategy. The results support the hypotheses that oligopolists have relatively high debt-equity ratio; their debt tends to be long term; and firms that produce unique and / or durable goods tend to have less debt-equity ratio. 2023-08-16T09:40:24Z 2023-08-16T09:40:24Z 2009 2023-08-16T09:39:53Z Master Thesis Masters MCom http://hdl.handle.net/11427/38235 eng application/pdf School of Economics Faculty of Commerce
spellingShingle Economics
Chen, Haoyu
Capital structure and corporate strategy in South Africa an empirical analysis
thesis_degree_str Master's
title Capital structure and corporate strategy in South Africa an empirical analysis
title_full Capital structure and corporate strategy in South Africa an empirical analysis
title_fullStr Capital structure and corporate strategy in South Africa an empirical analysis
title_full_unstemmed Capital structure and corporate strategy in South Africa an empirical analysis
title_short Capital structure and corporate strategy in South Africa an empirical analysis
title_sort capital structure and corporate strategy in south africa an empirical analysis
topic Economics
url http://hdl.handle.net/11427/38235
work_keys_str_mv AT chenhaoyu capitalstructureandcorporatestrategyinsouthafricaanempiricalanalysis