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The Impact of Ownership Structure on Capital Structure: An Empirical Study on the Most Active Firms in the Egyptian Stock Exchange

DOI: 10.4236/oalib.1105266, PP. 1-13

Subject Areas: Managerial Economics

Keywords: Managerial Ownership, State Ownership, Foreign Ownership, Block Ownership, Institutional Ownership, Ownership Concentration, Capital Structure

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Abstract

This study aims to find the most relative ownership structure related factors of influencing capital structure of top 50 non-financial firms listed in Egyptian exchange from 2012 to 2017. The study found that the hypotheses from one to six that are explaining the relationship between Ownership Structure and Capital Structure are partially supported. Also, the study explaining the effect of Firm Age and Company Size on Capital Structure is partially supported.

Cite this paper

Fayez, M. , Ragab, A. A. and Moustafasoliman, M. (2019). The Impact of Ownership Structure on Capital Structure: An Empirical Study on the Most Active Firms in the Egyptian Stock Exchange. Open Access Library Journal, 6, e5266. doi: http://dx.doi.org/10.4236/oalib.1105266.

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