Journal article Open Access
Amen Sewunet
<?xml version='1.0' encoding='utf-8'?> <rdf:RDF xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:adms="http://www.w3.org/ns/adms#" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:dctype="http://purl.org/dc/dcmitype/" xmlns:dcat="http://www.w3.org/ns/dcat#" xmlns:duv="http://www.w3.org/ns/duv#" xmlns:foaf="http://xmlns.com/foaf/0.1/" xmlns:frapo="http://purl.org/cerif/frapo/" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:gsp="http://www.opengis.net/ont/geosparql#" xmlns:locn="http://www.w3.org/ns/locn#" xmlns:org="http://www.w3.org/ns/org#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:prov="http://www.w3.org/ns/prov#" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:schema="http://schema.org/" xmlns:skos="http://www.w3.org/2004/02/skos/core#" xmlns:vcard="http://www.w3.org/2006/vcard/ns#" xmlns:wdrs="http://www.w3.org/2007/05/powder-s#"> <rdf:Description rdf:about="https://doi.org/10.20372/nadre:750"> <dct:identifier rdf:datatype="http://www.w3.org/2001/XMLSchema#anyURI">https://doi.org/10.20372/nadre:750</dct:identifier> <foaf:page rdf:resource="https://doi.org/10.20372/nadre:750"/> <dct:creator> <rdf:Description> <rdf:type rdf:resource="http://xmlns.com/foaf/0.1/Agent"/> <foaf:name>Amen Sewunet</foaf:name> </rdf:Description> </dct:creator> <dct:title>A thesis submitted to Addis Ababa university college of Business and Economics in partial fulfilment of the requirements for the degree of Masters of Science in Accounting and Finance</dct:title> <dct:publisher> <foaf:Agent> <foaf:name>Zenodo</foaf:name> </foaf:Agent> </dct:publisher> <dct:issued rdf:datatype="http://www.w3.org/2001/XMLSchema#gYear">2017</dct:issued> <dct:issued rdf:datatype="http://www.w3.org/2001/XMLSchema#date">2017-02-01</dct:issued> <owl:sameAs rdf:resource="https://nadre.ethernet.edu.et/record/750"/> <adms:identifier> <adms:Identifier> <skos:notation rdf:datatype="http://www.w3.org/2001/XMLSchema#anyURI">https://nadre.ethernet.edu.et/record/750</skos:notation> <adms:schemeAgency>url</adms:schemeAgency> </adms:Identifier> </adms:identifier> <dct:isVersionOf rdf:resource="https://doi.org/10.20372/nadre:749"/> <dct:description><p>This research is intended to identify the internal and external determinant factors of capital structure of major sub-Saharan African airlines. Maintaining the optimum level of leverage ratio is essential to increase firms value. The study used secondary data of three major airline&rsquo;s financial reports from the year 2002-2015 and data of macro-economic factors from web site of World Bank. A panel data of three major sub Saharan African airlines was analyzed using fixed effect regression model.The study has employed a quantitative research approach and explanatory type of research design to see the causal relationship between the independent variables (liquidity, profitability, firm size, tangibility, inflation, currency exchange rate, gross domestic product, and risk) and dependent variable leverage.Statistical tool of Eviews 8 was used to see the relationship betweenregressors and regressand variable. The result of fixed effect model of regression analysis shows that tangibility, inflation and risk are statistically significant and have positive relationship with leverage. Profitability and size are also significant factor but have negative relationship with leverage. Other variables (liquidity, GDP and currency exchange rate are found to be statistically insignificant factor to leverage. The positive sign of tangibility and inflation supports trade of theory and the negative sign of profitability and size supports pecking order theory. The study suggests that, focusing on both internal and external factors of the airline industryespecially on internal factors of profitability, tangibility and size is essential on maintaining the capital structure of these major airlines of sub Saharan Africa</p></dct:description> <dct:accessRights rdf:resource="http://publications.europa.eu/resource/authority/access-right/PUBLIC"/> <dct:accessRights> <dct:RightsStatement rdf:about="info:eu-repo/semantics/openAccess"> <rdfs:label>Open Access</rdfs:label> </dct:RightsStatement> </dct:accessRights> <dct:rights> <dct:RightsStatement rdf:about="http://www.opendefinition.org/licenses/cc-by"> <rdfs:label>Creative Commons Attribution</rdfs:label> </dct:RightsStatement> </dct:rights> <dcat:distribution> <dcat:Distribution> <dcat:accessURL rdf:resource="https://doi.org/10.20372/nadre:750"/> <dcat:byteSize>882883</dcat:byteSize> <dcat:downloadURL rdf:resource="https://nadre.ethernet.edu.et/record/750/files/f1042680504.pdf"/> <dcat:mediaType>application/pdf</dcat:mediaType> </dcat:Distribution> </dcat:distribution> </rdf:Description> </rdf:RDF>
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