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.
The determinants of leverage : a comparative analysis / L. Anderloni, A. Tanda. - In: JOURNAL OF ECONOMICS & MANAGEMENT. - ISSN 1732-1948. - 18:(2014), pp. 196-208.
The determinants of leverage : a comparative analysis
L. AnderloniPrimo
;A. Tanda
2014
Abstract
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.
| File | Dimensione | Formato | |
|---|---|---|---|
|
13_Anderloni_Tanda_The_Determinants..._02.pdf
accesso riservato
Tipologia:
Publisher's version/PDF
Dimensione
393.03 kB
Formato
Adobe PDF
|
393.03 kB | Adobe PDF | Visualizza/Apri Richiedi una copia |
Pubblicazioni consigliate
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
