A carregar...
Publicação
The determinants of capital structure of Italian public and private companies: an empirical analysis
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 6.61 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
The present paper analyzes the determinants of capital structure of Italian companies. By
employing two samples respectively composed of public and private firms, the paper aims to
discover what key factors influence capital structure composition and if such factors differ from
public to private companies. The analyzed independent variables are Age, Profitability,
Growth, Size, Tangibility, Effective tax rate, Non-debt tax shields and Income variance, and a
Fixed effects regression is employed to account for Panel effects, which allows to find their
relationship with the companies’ leverage. The data analyzed encompasses all non-financial
sectors and 5 years between 2018 and 2022.
Descrição
Palavras-chave
Capital structure Leverage Regression Italian companies Determinants