Capital structure and the country default risk: The evidence from Visegrad group

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F13%3APU102264" target="_blank" >RIV/00216305:26510/13:PU102264 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Capital structure and the country default risk: The evidence from Visegrad group

Original language description

The recent Global Financial Crisis and following European Debt Crises show the significance of the country financial stability and its influence on the private sector. The managers make their financial decisions according the source of financing based onthe macro economic conditions as interest rates, market volatility, inflation, level of sovereign debt, GDP growth, and the financial stability of a country in general. These factors influence the investment prospects of the country, the stability of bank system, and thus the country default probability and consequently the sovereign credit ratings. The paper investigates the relation between capital structure and the country default risk represented by sovereign credit ratings that assigned by worldwide known agencies as Moodys and Standard and Poors. The research is based on the evidence from four economically related countries: Czech Republic, Slovakia, Poland and Hungary, integrated into Visegrad group, which represent situation on

Czech name

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Czech description

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Type

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

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2013

Confidentiality

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

Name of the periodical

The Macrotheme Review

ISSN

1848-4735

e-ISSN

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Volume of the periodical

2

Issue of the periodical within the volume

1

Country of publishing house

US - UNITED STATES

Number of pages

26

Pages from-to

155-179

UT code for WoS article

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EID of the result in the Scopus database

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