期刊名称：Annals of the University of Craiova: Economic Sciences Series
印刷版ISSN：1223-365X
电子版ISSN：1843-3723
出版年度：2011
卷号：2
页码：35-42
语种：English
出版社：Universitaria Craiova
摘要：Risk is an important factor in explaining capital structure choices of companies.This paper proposes a framework where we realized a study case: in this study we test if return on assets and return on equity has influence on the risk,both on long and short term.For this purposes,we conduct an empirical research that covers 33 selected companies traded at the Bucharest Stock Exchange within the time period 2005-2009.For the study our results reveal that dynamic global risk can be associated to a low intensity with total assets performance of the company’s.Investments efficiency and the adoption of certain financial positions appear to be key factors in the dynamics of,while total asset performance is weak associated with the dynamics of global risk.
关键词：risk;return on equity;GMM System estimator;return on assets;activity sector
