出版社:Asociatia Generala a Economistilor din Romania - AGER
摘要:This paper aims to analyse the relation between three of the most important factors (profitability, assets tangibility and size) and the capital structure for 27 listed companies on the regulated market of the Bucharest Stock Exchange. The factors involved in this paper are those considered in the specific literature to be the most influential for emerging economies with limited capital market. In this purpose, linear regression method is used through a panel data random effects model. Results confirmed the negative relationship between profitability and leverage and also found significant dependence between tangibility of assets, size and capital structure.
关键词:leverage; return on equity; company size; tangibility; total assets.