This paper investigates the impact of financial structure on firm value in the United Arab Emirates emerging market. Financial statements of a stratified random sample of unlisted food firms are analyzed during period 1996-2000. Empirical results show that debt to equity ratio has no impact on...

This study explores the applicability of modern financial structure theories in the United Arab Emirates - an emerging financial market. Questionnaires were sent to the finance managers of a stratified random sample of U.A.E. food companies. A single sector study was chosen to aid comparability...