The Determinants of Leverage : a Comparative Analysis

• Autorzy: Luisa Anderloni , Alessandra Tanda
• Języki publikacji: EN

Abstrakty

EN

This paper develops an analysis of the determinants of leverage in European listed companies in the last decade. To test the impact of firm characteristics on the capital structure, we use panel data of companies located in 7 countries (Austria, Czech Republic, Germany, Hungary, Italy, Poland, and Slovakia) from 2001 to 2012. Results show that several firm characteristics, such as size, profitability, and the tangibility of assets are able to influence the capital structure and overall confirm the theories developed by the literature. (original abstract)

Słowa kluczowe

EN

Financial leverage; Company capital structure; Financial structure; Information asymmetry

PL

Dźwignia finansowa; Struktura kapitału przedsiębiorstwa; Struktura finansowa; Asymetria informacji

• Czasopismo: Journal of Economics & Management / University of Economics in Katowice
• Rocznik: 2014
• Numer: nr 18
• Strony: 195--208

Twórcy

autor

Luisa Anderloni

• Università degli Studi di Milano, Italy

autor

Alessandra Tanda

• Università degli Studi di Milano, Italy

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