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  • 标题:Macroeconomic Impact on CEE Corporate Profitability: Analysis at the Level of Companies Listed on the Bucharest Stock Exchange
  • 本地全文:下载
  • 作者:Morar Triandafil, Cristina ; Brezeanu, Petre ; Badea, Leonardo
  • 期刊名称:Theoretical and Applied Economics
  • 印刷版ISSN:1841-8678
  • 电子版ISSN:1844-0029
  • 出版年度:2010
  • 卷号:10(551)
  • 期号:10(551)
  • 页码:5-14
  • 出版社:Asociatia Generala a Economistilor din Romania - AGER
  • 摘要:This paper aims at identifying a potential impact of the macroeconomic environment on the profitability of the companies listed on the Bucharest Stock Exchange. This research derives from the most recent literature on the macroeconomic determination of the capital structure of companies located into emerging countries. Indeed, as for these corporations, there has been agreed on the risk transfer between sovereign and corporate spreads, but every emerging country incurs a particular approach and generalization tends to decay. Therefore, the research focuses on highlighting out the macro-determination of the corporate profitability; there will be developed a complex perspective, following up the mixture between idiosyncratic and systemic approach.
  • 关键词:default risk; macroeconomic impact; profitability; idiosyncratic.
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