Number of the records: 1
Is the stability of the leverage ratios determined by the stability of the economy?
- 1.0337833 - NHU-C 2010 RIV CZ eng C - Conference Paper (international conference)
Shamshur, Anastasiya
Is the stability of the leverage ratios determined by the stability of the economy?
Proceedings of 27th International Conference Mathematical Methods in Economics 2009. Prague: Czech University of Life Sciences Prague, 2009 - (Brožová, H.), s. 284-289. ISBN 978-80-213-1963-9.
[27th International Conference Mathematical Methods in Economics 2009. Kostelec nad Černými lesy (CZ), 09.09.2009-11.09.2009]
R&D Projects: GA ČR GA402/09/1595
Institutional research plan: CEZ:MSM0021620846
Keywords : capital structure * financing decisions * ownership
Subject RIV: AH - Economics
The choice of capital structure by firms is a fundamental issue in financial literature. According to a recent finding, the capital structure of firms remains almost unchanged during their lives meaning that leverage ratios are significantly stable over time. I study how substantial changes in the economy affect the stability of firm capital structure in transition countries. Specifically, I concentrate on Central and Eastern European economies that passed through transition from central planning to market economy and privatization, Russian financial crisis, and EU membership.
Permanent Link: http://hdl.handle.net/11104/0181739
Number of the records: 1