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The Analysis of Capital Structure in Large Romanian Companies in Terms of Maturity of Resources

Author

Listed:
  • Dorel BERCEANU
  • Nicolae SICHIGEA
  • Oana DUTA

    (University of Craiova)

Abstract

This paper deals with a present-day issue in corporate finance, i.e. capital structure analysis. As the topic has a quite wide scope, our analysis is limited to the capital structure of large Romanian companies, in terms of maturity of resources. Hence, after a short theoretical presentation of the main capital structure rates (the rate of financial stability, the rate of short-term debt and the rate of financing structure), we calculated and interpreted these rates for a number of 26 large companies. In the conclusions section, we analysed the link between the investors’ interest, reflected by the number of transactions and stock exchange trading amounts, and the level of the analysed structure indicators.

Suggested Citation

  • Dorel BERCEANU & Nicolae SICHIGEA & Oana DUTA, 2011. "The Analysis of Capital Structure in Large Romanian Companies in Terms of Maturity of Resources," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(13), pages 44-50, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2011:i:13:p:44-50
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    File URL: http://feaa.ucv.ro/FPV/013-06.pdf
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    More about this item

    Keywords

    capital structure; short-term debt; the rate of financial stability; corporate finance;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other

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