DETERMINANTS OF CAPITAL STRUCTURE: EMPIRICAL EVIDENCE FROM SLOVAKIA

• Authors: Režňáková Mária , Svoboda Petr , Polednáková Anna
• Languages of publication: EN

Abstracts

EN

The study analyses determinants of capital structure and capital structure theories - pecking order theory and trade-off theory. The main objective is to investigate which determinants influence capital structure and subsequently which model describes financing decisions in Slovak Republic better. The authors used panel data of 1,100 non-financial companies from Slovakia in the period of 6 years from 2002 to 2007. Results prove the trade-off theory to be more exact in Slovak conditions.

Keywords

EN

CAPITAL STRUCTURE; DETERMINANTS OF CAPITAL STRUCTURE; PECKING ORDER THEORY; SLOVAKIA; TRADE-OFF THEORY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2010
• Volume: 58
• Issue: 3
• Pages: 237-250
• Document type: ARTICLE

Contributors

author

Režňáková Mária

• Vysoké učení technické v Brně, Fakulta podnikatelská, Kolejní 2906/4, 612 00 Brno, Czech Republic

author

Svoboda Petr

author

Polednáková Anna

• Maria Reznakova, Vysoke uceni technicke Brne, Fakulta podnikatelska, Ustav financi, Kolejni 2906/4, 612 00 Brno, Czech Republic

Identifiers

CEJSH db identifier

11SKAAAA10099