skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Capital Structure and Profitability. The Case of Companies Listed in Romania

Studies in business and economics (Romania), 2022-12, Vol.17 (3), p.100-112 [Peer Reviewed Journal]

ISSN: 2344-5416 ;EISSN: 2344-5416 ;DOI: 10.2478/sbe-2022-0049

Full text available

Citations Cited by
  • Title:
    Capital Structure and Profitability. The Case of Companies Listed in Romania
  • Author: Ilie, Livia ; Vasiu, Diana
  • Subjects: capital structure ; cost of capital ; financial leverage ; profitability ; value of the company
  • Is Part Of: Studies in business and economics (Romania), 2022-12, Vol.17 (3), p.100-112
  • Description: Alongside with the acquisition and the efficient use of assets (investment decision and asset management), financial managers are concerned with their financing. The capital structure of a company is of interest not only for practitioners but also for theorists so that in the last six decades important theories were developed from the capital structure irrelevance theory of Modigliani and Miller to theories that include market imperfections and incentives into the models (the static trade-off theory, the pecking order theory). In practice, financial managers take into account not only quantitative determinants, but also qualitative ones, so that the decision becomes complex and the outcome differs across industries and companies. Many empirical studies were performed in the last decades in an effort to identify the relationship between the chosen capital structure and the performance of a company. We aim to add specific results to empirical studies already performed. Our study investigates the relationship between the financial mix and the profitability of companies listed in Romania, covering the interval 2017-2021.
  • Publisher: Sciendo
  • Language: English
  • Identifier: ISSN: 2344-5416
    EISSN: 2344-5416
    DOI: 10.2478/sbe-2022-0049
  • Source: Walter De Gruyter: Open Access Journals
    DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait