Gaud, Philippe; Jani, Elion; Hoesli, Martin; Bender, André - Swiss Finance Institute - 2003
In this paper, we analyze the determinants of the capital structure for a panel of 106 Swiss companies listed in the Swiss stock exchange. Both static and dynamic tests are performed for the period 1991-2000. It is found that the size of companies, the importance of tangible assets and business...