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.
Scheda prodotto non validato
Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo
Titolo: | The determinants of leverage : a comparative analysis |
Autori: | |
Data di pubblicazione: | 2014 |
Rivista: | |
Handle: | http://hdl.handle.net/11567/876349 |
Appare nelle tipologie: | 01.01 - Articolo su rivista |