Capital structure choices: financing instruments for Italian and German startups

Mazzone, Andrea (A.A. 2020/2021) Capital structure choices: financing instruments for Italian and German startups. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 70. [Master's Degree Thesis]

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What is a startup? Overview of the European market. The Italian market. The German market. Startup stages. Startups stages: classification of investor for each phase. Capital structure: literature review. Capital structure irrelevance (Modigliani-Miller, 1958). Trade-off theory (Kraus, A; Litzenberger, R.H., 1973). Agency theory (Michael C. Jensen and William H. Meckling, 1976). Perking order theory (Stewart Mayers and Nicolas Majluf, 1984). Market timing theory (malcolm Baker and Jeffrey Wurgler, 2002). Equity vs debt: expectations on empirical research. Empirical research. Variables and hypothesis. Data and sample description (Italy). Data and sample description (Germany). Defining the model and performing the regression analysis.


Bibliografia: pp. 66-67.

Thesis Type: Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair: Advanced corporate finance
Thesis Supervisor: Murro, Pierluigi
Thesis Co-Supervisor: Bruno, Riccardo
Academic Year: 2020/2021
Session: Summer
Deposited by: Alessandro Perfetti
Date Deposited: 07 Dec 2021 09:22
Last Modified: 07 Dec 2021 09:22


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