CAPITAL STRUCTURE OF UKRAINIAN NON-FINANCIAL COMPANIES IN HISTORICAL PERSPECTIVE

D. Chernenko
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D. Chernenko: Kyiv National Economics University named after Vadym Hetman, Kyiv, Ukraine

Вестник Киевского национального университета имени Тараса Шевченко. Экономика., 2018, vol. 1(196), issue 196, 84-92

Abstract: This paper examines the dynamics of Ukrainian non-financial firms' capital structure within a historical perspective. It shows that firm financing since 1990 was a derivative from economic and institutional changes, and current levels of leverage are lower than ones of foreign peers. Whereas in the short-term we can expect some market recovery, long-term dynamics relies almost exclusively on the successof institutional reforms.

Keywords: firm financing; capital structure; financial structure; company capital; financing sources; non-financial companies (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:scn:pnoeeq:196a11

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