Determinants of capital structure of selected publicly-listed companies in the Philippines: A behavioral point of view

• Main Authors: Ang, Joseph Emmanuel A., Del Rosario, Lance Darwin Y., Eclipse, Leandro Mikael R., Quema, Karen Rachel O.
• Format: text
• Language: English
• Published: Animo Repository 2010
• Subjects: Capital investments Philippines; Capital > Philippines; Venture capital > Philippines; Corporations > Finance; Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/14154
• Institution: De La Salle University

The primary objective of the research is to determine the effects of the behavioral mindset of the CFOs and their demographic profile in choosing sources of financing in the Philippine setting. The study is conducted using a survey questionnaire that is distributed to publicly listed companies in the Philippine Stock Exchange (PSE). The questionnaire consists of inquiries relating to their capital structures and other empirical finance-related decisions, which determine the relationship of the CFOs behaviour on selecting a source of financing. The results of the study showed that heuristics, framing, age, gender, and educational attainment have a significant effect in the determination of the capital structure of publicly listed firms in the Philippines.