Work

The Capital Structure of Firms in Central and Eastern Europe

Year: 1996

Type: preprint

Abstract: According to more recent theories on the optimal capital structure, the availability of external financing is not always guaranteed, or it may come at different costs, depending on the methods of financing used (debt vs. equity, long-term debt vs. short-term debt, etc.). Under such circumstances, firms’ investment and financing decisions are interdependent. This paper studies the optimal capital structure for enterprises in transition economies and investigates the actual capital structure and its determinance in Hungary and Poland.

Source: RePEc: Research Papers in Economics

Authors: Francesca Cornelli, Richard Portes, Mark E. Schaffer

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1482741786

Cites:

Cited by: 57

Related to: 10