The Factors of the Capital Structure in Eastern Europe
AbstractThe paper proposes a test of the extent to which the financial indicators of the companies listed on the stock exchanges in Romania, Poland, Hungary and Czech Republic and representing four sectors of activity - Food, Chemistry, Energy and Farmaceuticals - influence the debt ratios of these companies. We use linear regression and principal components analysis in order to test for the influence of 12 different financial indicators in each of the years from 2002 until 2006. The results show that there is evidence in support of the influence of the proposed factors because the coefficients are significant and maintain their signs in all the years of our analysis.
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Bibliographic InfoArticle provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.
Volume (Year): 1 (2008)
Issue (Month): 36 (May)
leverage ratio; principal components analysis; financial indicators; capital markets; Eastern Europe.;
Find related papers by JEL classification:
- D00 - Microeconomics - - General - - - General
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- G00 - Financial Economics - - General - - - General
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
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