{"id":{"repo_id":"ou-tanzania","oai_identifier":"oai:repository.out.ac.tz:138"},"canonical_url":"https://search.dev.ndltd.org/etd/ou-tanzania/oai:repository.out.ac.tz:138","repository":{"repo_id":"ou-tanzania","name":"Open University of Tanzania","base_url":"http://repository.out.ac.tz/cgi/oai2"},"display":{"title":"Research Project Number 1 Determinants of Capital Structure","abstract":"The objective of this study was to build a model that will assist managers in determining the factors that influence decisions on Capital Structure. Therefore, the determinants of the Capital Structure decisions of 100 UK non-financial companies listed in the Financial Times All-Share Index covering the period from 1993 to 2006 has been critically analyzed. The data stream provided for this study included both, accounting data on firms and the market value of equity. SL'Ctheories in literature review were considered. Multiple Regressions Analysis was performed on the gearing being a dependent variable against a set of independent variables used as Proxies. The independent variables used are Firm Size, Asset Tangibility, Profitability, Growth Opportunities and Volatility of Earnings. Both dependent variable and independent variables were determined by computing the average over five years from 1993 and 2006. In this research, it was observed that the Firm Size, Asset Tangibility, and Volatility of Earnings are positively correlated with gearing. On the other side, Profitability and Growth Opportunities is negatively correlated with gearing. The signs of these correlations signify that the previous empirical papers and theories reviewed provide sufficient explanation on the capital structure of UK companies. The p-value of the model is significant which implies that the independent variables explain the model.","abstract_html":"The objective of this study was to build a model that will assist managers in determining the factors that influence decisions on Capital Structure. Therefore, the determinants of the Capital Structure decisions of 100 UK non-financial companies listed in the Financial Times All-Share Index covering the period from 1993 to 2006 has been critically analyzed. The data stream provided for this study included both, accounting data on firms and the market value of equity. SL'Ctheories in literature review were considered. Multiple Regressions Analysis was performed on the gearing being a dependent variable against a set of independent variables used as Proxies. The independent variables used are Firm Size, Asset Tangibility, Profitability, Growth Opportunities and Volatility of Earnings. Both dependent variable and independent variables were determined by computing the average over five years from 1993 and 2006. In this research, it was observed that the Firm Size, Asset Tangibility, and Volatility of Earnings are positively correlated with gearing. On the other side, Profitability and Growth Opportunities is negatively correlated with gearing. The signs of these correlations signify that the previous empirical papers and theories reviewed provide sufficient explanation on the capital structure of UK companies. The p-value of the model is significant which implies that the independent variables explain the model.","abstract_has_math":false,"creators":["Kamugisha, Margareth"],"institution":"The Open University of Tanzania","degree_name":null,"degree_level":"masters","degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2009,"date_issued":"2009","date_published":"2009","updated_at":"2026-07-24T03:39:51Z","subjects":["658 Gerneral management"],"languages":["en"],"rights":[],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":null,"outbound_label":null,"outbound_source":null},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:creator","label":"Author","values":["Kamugisha, Margareth"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2009"]},{"key":"dc:date.issued","label":"Date","values":["2009"]},{"key":"dc:publisher.department","label":"Dc Publisher Department","values":["Business Management"]},{"key":"dc:publisher.institution","label":"Dc Publisher Institution","values":["The Open University of Tanzania"]},{"key":"dc:relation.isreferencedby","label":"Dc Relation Isreferencedby","values":["http://repository.out.ac.tz/138/"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]},{"key":"dc:type.qualificationlevel","label":"Dc Type Qualificationlevel","values":["masters"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["658 Gerneral management"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["http://repository.out.ac.tz/138/1/Margareth_Kamugisha.pdf"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["The objective of this study was to build a model that will assist managers in determining the factors that influence decisions on Capital Structure. Therefore, the determinants of the Capital Structure decisions of 100 UK non-financial companies listed in the Financial Times All-Share Index covering the period from 1993 to 2006 has been critically analyzed. The data stream provided for this study included both, accounting data on firms and the market value of equity. SL'Ctheories in literature review were considered. Multiple Regressions Analysis was performed on the gearing being a dependent variable against a set of independent variables used as Proxies. The independent variables used are Firm Size, Asset Tangibility, Profitability, Growth Opportunities and Volatility of Earnings. Both dependent variable and independent variables were determined by computing the average over five years from 1993 and 2006. In this research, it was observed that the Firm Size, Asset Tangibility, and Volatility of Earnings are positively correlated with gearing. On the other side, Profitability and Growth Opportunities is negatively correlated with gearing. The signs of these correlations signify that the previous empirical papers and theories reviewed provide sufficient explanation on the capital structure of UK companies. The p-value of the model is significant which implies that the independent variables explain the model."]},{"key":"dc:format","label":"Dc Format","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Research Project Number 1 Determinants of Capital Structure"]}]}],"canonical_facts":{"dc:creator":["Kamugisha, Margareth"],"dc:date":["2009"],"dc:date.issued":["2009"],"dc:description.abstract":["The objective of this study was to build a model that will assist managers in determining the factors that influence decisions on Capital Structure. Therefore, the determinants of the Capital Structure decisions of 100 UK non-financial companies listed in the Financial Times All-Share Index covering the period from 1993 to 2006 has been critically analyzed. The data stream provided for this study included both, accounting data on firms and the market value of equity. SL'Ctheories in literature review were considered. Multiple Regressions Analysis was performed on the gearing being a dependent variable against a set of independent variables used as Proxies. The independent variables used are Firm Size, Asset Tangibility, Profitability, Growth Opportunities and Volatility of Earnings. Both dependent variable and independent variables were determined by computing the average over five years from 1993 and 2006. In this research, it was observed that the Firm Size, Asset Tangibility, and Volatility of Earnings are positively correlated with gearing. On the other side, Profitability and Growth Opportunities is negatively correlated with gearing. The signs of these correlations signify that the previous empirical papers and theories reviewed provide sufficient explanation on the capital structure of UK companies. The p-value of the model is significant which implies that the independent variables explain the model."],"dc:format":["application/pdf"],"dc:identifier.uri":["http://repository.out.ac.tz/138/1/Margareth_Kamugisha.pdf"],"dc:language":["en"],"dc:publisher.department":["Business Management"],"dc:publisher.institution":["The Open University of Tanzania"],"dc:relation.isreferencedby":["http://repository.out.ac.tz/138/"],"dc:subject":["658 Gerneral management"],"dc:title":["Research Project Number 1 Determinants of Capital Structure"],"dc:type":["Thesis"],"dc:type.qualificationlevel":["masters"]},"updated_at":"2026-07-24T03:39:51Z"}