Start Submission Become a Reviewer

Reading: The Relationship between Capital Structure and Ownership Structure: Evidence from Listed Com...

Download

A- A+
dyslexia friendly

Articles

The Relationship between Capital Structure and Ownership Structure: Evidence from Listed Companies in Hotel and Manufacturing Sectors in Sri Lanka

Authors:

K.M.K.N.S. Kulathunga ,

Department of Finance, University of Kelaniya, LK
About K.M.K.N.S.
Lecturer
X close

L.A.S. Perera,

Department of Finance, University of Kelaniya, LK
About L.A.S.
Lecturer
X close

G.N. Anagipura

Department of Finance, University of Kelaniya, LK
About G.N.
Lecturer
X close

Abstract

This study examines the relationship between capital structure and ownership structure for a sample of thirty-eight listed companies in the hotel and manufacturing sectors in the Colombo Stock Exchange (CSE) in Sri Lanka over the period of 2011-2015. All the secondary data were collected from audited annual reports of each company and data were analyzed using descriptive statistics and regression analysis. Mainly the ownership structure is measured using individual, managerial, institutional and share ownership concentration. Furthermore, the impact of Profit and Tangibility on capital structure is also examined in the study. The results revealed the managerial ownership and ownership concentration have significant influence on the capital structure. In the comparison of hotel sector and manufacturing sector listed companies in CSE we can identify that there is higher impact of ownership structure on capital structure in manufacturing sector compared to the hotel sector.

How to Cite: Kulathunga, K.M.K.N.S., Perera, L.A.S. & Anagipura, G.N., (2017). The Relationship between Capital Structure and Ownership Structure: Evidence from Listed Companies in Hotel and Manufacturing Sectors in Sri Lanka . Kelaniya Journal of Management . 6 ( 2 ) , pp . 33–51 . DOI: http://doi.org/10.4038/kjm.v6i2.7544
Published on 24 Dec 2017.
Peer Reviewed

Downloads

  • PDF (EN)

    comments powered by Disqus