How firm characteristics affect capital structure: an
empirical study
凉州词古诗意思
期刊名称： Managerial Finance猪心做法
猪脚火锅
作者： Nikolaos Eriotis,Dimitrios Vasiliou,Zoe Ventoura-Neokosmidi
作者机构： National and Kapodistrian University of Athens,
湖北二本大学心语日记年份： 2007年林丹简介
期号： 第5期龙族诺诺
关键词： corporate finances;financial flexibility;capital structure;Greece
摘要：Purpo - The aim of this study is to isolate the firm characteristics that affect capital structure. Design/methodology/approach - The investigation has
been performed using panel data procedure for a sample of 129 Greek companies listed on the Athens Stock Exchange during 1997-2001. The number of the companies in the sample corresponds to the 63 per cent of the listed firms in 1996. The firm characteristics are analyzed as determinants of capital structure according to different explanatory theories. The hypothesis that is tested in this paper is that the debt ratio at time Findings - The findings of this study justify the hypothesis that there is a negative relation between the debt ratio of the firms and their growth, their quick ratio and their interest coverage ratio. Size appears to maintain a positive relation and
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