Is the stability of leverage ratios determined by the stability of the economy?

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F09%3A00334255" target="_blank" >RIV/00216208:11640/09:00334255 - isvavai.cz</a>

Result on the web

—

DOI - Digital Object Identifier

—

Result language

angličtina

Original language name

Is the stability of leverage ratios determined by the stability of the economy?

Original language description

The choice of capital structure by firms is a fundamental issue in financial literature. According to a recent finding, the capital structure of firms remains almost unchanged during their lives meaning that leverage ratios are significantly stable overtime. I study how substantial changes in the economy affect the stability of firms' capital structure in transition countries. Specifically, I concentrate on Central and Eastern European economies that passed through transition from central planning to amarket economy and privatization, the Russian financial crisis, and EU membership.

Czech name

—

Czech description

—

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

—

Project

<a href="/en/project/GA402%2F09%2F1595" target="_blank" >GA402/09/1595: Corporate performance, behavior and ownership structures in the Czech firms: Theoretical modeling and empirical assessment</a><br>

Continuities

Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year

2009

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

CERGE-EI Working Paper Series

ISSN

1211-3298

e-ISSN

—

Volume of the periodical

-

Issue of the periodical within the volume

393

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

28

Pages from-to

—

UT code for WoS article

—

EID of the result in the Scopus database

—