Påverkande faktorer för skuldsättningsgraden inom Large Cap företag : En jämförande studie av kapitalstrukturen innan och efter sänkt bolagsskatt

Sammanfattning: Since the beginning, it was Modigliani and Miller ́s theorem which initiated the capital structure aspect to finance. Capital structure explains in its essence the relationship between equity and leverage within a company. It also illustrates how the company has financed their business historically. Year 2013 Sweden imposed a reduction on its corporation tax from 26,3 percent to 22 percent. This study's purpose is to capture the impacts on listed firms on Stockholmsbörsen Large cap list and try to distinguish similarities and differences from the two time periods with well-established capital structure variables. Before and after the reduction in the corporate taxation. The conclusion is that firms are less likely to use leverage to finance their growth after the reduction in the corporation tax and are more prone to finance their growth with retained earnings preferably. However statistically no significant explanation can be done by the well-known capital structure variables.