The Analysis of Capital Structure in Large Romanian Companies in Terms of Maturity of Resources

Dorel Berceanu, Nicolae Sichigea and Oana Duta
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Oana Duta: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2011, vol. 1, issue 13, 44-50

Abstract: This paper deals with a present-day issue in corporate finance, i.e. capital structure analysis. As the topic has a quite wide scope, our analysis is limited to the capital structure of large Romanian companies, in terms of maturity of resources. Hence, after a short theoretical presentation of the main capital structure rates (the rate of financial stability, the rate of short-term debt and the rate of financing structure), we calculated and interpreted these rates for a number of 26 large companies. In the conclusions section, we analysed the link between the investors’ interest, reflected by the number of transactions and stock exchange trading amounts, and the level of the analysed structure indicators.

Keywords: capital structure; short-term debt; the rate of financial stability; corporate finance (search for similar items in EconPapers)
JEL-codes: G30 G32 G39 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2011:i:13:p:44-50

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