Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/43559
Título: Determinant factors of leverage: an empirical analysis of Spanish corporations
Autores/as: García Padrón, Yaiza 
Cáceres Apolinario, Rosa María 
Maroto Santana, Octavio 
Verona Martel, María Concepción 
Jordán Sales, María Lourdes 
Clasificación UNESCO: 5311 Organización y dirección de empresas
Palabras clave: Getión de empresas
Fecha de publicación: 2005
Editor/a: 1526-5943
Publicación seriada: Journal of Risk Finance 
Resumen: To contrast the different factors that can determine the level of debt of firms by means of panel data methodology. Design/methodology/approach – The variables used in the study are: size, generated resources, level of warrants, debt cost, growth opportunities, and reputation. Six hypotheses are considered. Findings – The results obtained suggest that the stated variables, other than reputation, can be considered to be explanatory variables of firm debt level. Using within-groups estimation and generalized least squares, the results suggest that the behavior of the sample throughout the study period is consistent with the fixed effects approach, in which the specific characteristics of each firm remain constant throughout time. Moreover, with respect to the six considered hypotheses, the analysis shows the influence of all stated variables except reputation on the leverage. Originality/value – Adds to the body of research that has focused on the analysis of the financial decisions of the firm, with the level of debt appearing as a relevant factor in explaining the relationship between investment and financing decisions.
URI: http://hdl.handle.net/10553/43559
ISSN: 1526-5943
DOI: 10.1108/15265940510581279
Fuente: Journal of Risk Finance[ISSN 1526-5943],v. 6, p. 60-68
Colección:Artículos
Vista completa

Citas SCOPUSTM   

29
actualizado el 24-mar-2024

Citas de WEB OF SCIENCETM
Citations

12
actualizado el 25-feb-2024

Visitas

95
actualizado el 28-oct-2023

Google ScholarTM

Verifica

Altmetric


Comparte



Exporta metadatos



Los elementos en ULPGC accedaCRIS están protegidos por derechos de autor con todos los derechos reservados, a menos que se indique lo contrario.