Determinants of Capital Structure and the Cost of Capital: A Time and Industry differentiated Study on Swedish Listed Firms
This paper analyzes the impact of variables suggested by the trade-off theory and the pecking order theory, on publicly listed Swedish firms in a sample period of 8 years, ranging from 2003-2010. Also the relationship between leverage and weighted average cost of capital (WACC) is studied for the same set of firms and time periods. The model used is based on panel regression with fixed and random