Počet záznamů: 1
Is the stability of the leverage ratios determined by the stability of the economy?
0337833 - NHU-C 2010 RIV CZ eng C - Konferenční příspěvek (zahraniční konf.)
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]
Grant CEP: GA ČR GA402/09/1595
Výzkumný záměr: CEZ:MSM0021620846
Klíčová slova: capital structure * financing decisions * ownership
Kód oboru RIV: AH - Ekonomie
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.
Trvalý link: http://hdl.handle.net/11104/0181739