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What factors influence and determine the capital structure of retail companies in the US ?

Sireix, Paul
(2023)

Files

Sireix_91762100_2023.pdf
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  • 7.79 MB

Details

Supervisors
Thewissen
Faculty
Louvain School of Management
Degree label
Master [120] en sciences de gestion, à finalité spécialisée
Abstract
This work project analyses the relationship between financial leverage measures and the explanatory variables. Based on a sample of US retail companies for the period 2016-2019, the results show that profitability and liquidity have a negative influence on the total, short- term and long-term debt of US retailers. On the contrary, size and growth opportunities affect positively retailers’ debt. Our main result is that the US retail sector is not debt driven and aligns with the pecking order theory.