What Determines Leverage in Transition Countries?

Laurent Weill

Czech Journal of Economics and Finance (Finance a uver), 2004, vol. 54, issue 5-6, 234-242

Abstract: This note investigates the determinants of leverage usually tested in Western countries on a large sample of manufacturing companies from six transition economies in Central and Eastern Europe in 1998. We observe at that time the significance of tested factors in most countries, with some differences in comparison to Western countries. The few differences between transition countries suggest the existence of specific characteristics in determinants of leverage for these economies.

Keywords: financial leverage; transition economies; manufacturing (search for similar items in EconPapers)
JEL-codes: G21 G32 P34 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:54:y:2004:i:5-6:p:234-242

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