What Determines Leverage in Transition Countries? (in English)
Year: 2004 Volume: 54 Issue: 5 -6 Pages: 234-242
Abstract: This note investigates the determinants of leverage usually tested in Western countries on a large sample of manufacturing companies from six transition economies in Central and Eastern Europe in 1998. We observe at that time the significance of tested factors in most countries, with some differences in comparison to Western countries. The few differences between transition countries suggest the existence of specific characteristics in determinants of leverage for these economies.
JEL classification: G21, G32, P34
Keywords: financial leverage, transition economies, manufacturing
RePEc: n/a
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