期刊名称：Arabian Journal of Business and Management Review
电子版ISSN：2223-5833
出版年度：2013
卷号：2
期号：12
出版社：Sohar University, Oman and American University of Kuwait
摘要：Capital structure decisions have important implications on the value of the firm, as the components of the capital determine the cost of capital. The guiding principle is to choose the capital structure that maximizes the value of the firm. The objective of this study is to find out the determinants of capital structure of Oman corporate. Thisstudy is based on the financial data collected from the balance sheets and income statementsof all companies listed in the Muscat Securities Market excludingbanks, financial institutions and insurance companies. The sample includes 82firms. The period of studyis sixyears from 2006 to 2011.This study implies that in the context of lower profitability of firms, the firms tend to use more leverage as a means of sourcing finance. The study also finds that the decision to increase leverage is a function of efficiency of utilization of assets. Higher the efficiency in asset turnoversmore is the tendency to use leverage. Another implication of the study is that leverage is a function of size. Companies which increase their revenues tend to be become debt intensive.
关键词：Capital structure; debt;-;equity ratio; cost of capital; financial leverage
