Determinants of Capital Structure: Empirical Evidence from Slovakia

被引：0
|
作者：
Reznakova, Maria [1 ]
Svoboda, Petr [1 ]
Polednakova, Anna [2 ]
机构：
[1] Brno Univ Technol, Fac Business & Management, Dept Finance, Brno 61200, Czech Republic
[2] Ekon Univ Bratislave, Fak Podnikoveho Manazmentu, Katedra Podnikovych Financii, Bratislava 85235 5, Slovakia
来源：
EKONOMICKY CASOPIS | 2010年 / 58卷 / 03期
关键词：
capital structure; pecking order theory; trade-off theory; determinants of capital structure; leverage; panel data; TESTING STATIC TRADEOFF; PECKING ORDER MODELS; AGENCY COSTS; CORPORATE; DECISIONS; FINANCE; CHOICE; IMPACT; DEBT;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. We 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.
引用
收藏
页码：237 / 250
页数：14
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