6. Slutsats
6.4 Framtida forskning
I dagsläget finns ett begränsat antal studier som undersöker ägarstrukturens effekt på sambandet mellan kapitalstruktur och företagsvärde. Denna studie kan inte dra någon slutsats kring ägarstrukturens modererande effekt och det finns därför utrymme för fortsatt forskning. Vidare forskning kan förslagsvis använda annan analysmodell, där bananalys och Partial Least Squares (PLS) föreslås som alternativa modeller. Bananalys och PLS möjliggör analys av mer komplicerade modeller med flera beroende variabler. Även Structural Equation Modeling (SEM) kan vara användbar för den mer erfarne forskaren i de fall multikollinearitet uppstår.
Metoden för att mäta ägarstruktur antas ha en betydande effekt på studiens resultat, där denna studie fokuserat på den största ägarens procentuella röstningsandel. Risk finns därför att den största ägarens grad av inflytande inte endast beror på den egna röstandelen, utan även påverkas
av andra stora aktieägares inflytande. Av denna anledning kan det under fortsatt forskning vara lämpligt att ta hänsyn till samspelet mellan flera olika typer av ägare.
En jämförelse mellan länder, stödd av denna studies resultat, är också av intresse. En spännande infallsvinkel vore att vid framtida forskning inkludera ett flertal länder vars geografiska läge skiljer sig åt. Detta för att undersöka till hur stor del företagens institutionella kontext påverkar sambandets utfall.
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