Does ownership structure explain the zero-leverage puzzle?
Title/Research question: Does ownership structure explain the zero-leverage puzzle? Authors: Ásta Brá Hafsteinsdóttir and Snædís Helgadóttir Supervisor: Håkan Jankensgård Theoretical framework: Modigliani and Miller Theorems, Trade-off Theory, Pecking Order Theory, Market Timing Theory, Agency theory, theories regarding ownership structure. Method: Quantitative approach using logit model regressio