| Title |
How the Companies did Structure their Capital to Surpass Crises? |
| ID_Doc |
70594 |
| Authors |
Sumedrea, S |
| Title |
How the Companies did Structure their Capital to Surpass Crises? |
| Year |
2015 |
| Published |
|
| DOI |
10.1016/S2212-5671(15)00967-3 |
| Abstract |
The paper discusses the way companies struggle to survive in an increasingly turbulent business environment. A model is presented to analyse the determinants of capital structure in an attempt to explain how the most important Romanian companies survived the economic crisis in 2008-2011. The final results obtained show that the only elements that appear to be relevant are profitability and size of company business. The exit from the crisis found these companies with no significant long-term liabilities and with assets they could use as collateral, which may further help increase the sustainable development of the Romanian economy. (C) 2015 The Authors. Published by Elsevier B.V. |
| Author Keywords |
determinants of capital structure; financial crisis; regression model; pecking order theory |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Conference Proceedings Citation Index - Social Science & Humanities (CPCI-SSH) |
| EID |
WOS:000381115300003 |
| WoS Category |
Business, Finance; Economics |
| Research Area |
Business & Economics |
| PDF |
https://doi.org/10.1016/s2212-5671(15)00967-3
|