Financing and capital structure of Hungarian companies

Marta Szoradi-Szabo

International Journal of Economic Policy in Emerging Economies, 2009, vol. 2, issue 3, 302-317

Abstract: The objective of this paper is to investigate the main tendencies and factors affecting financing companies and the capital structure of Hungarian companies. We found that bank credit is the most important amongst external financing funds of Hungarian companies. The bank intermediary system has a more concentrated role in the operation of companies. General experience is that banks are ready to finance the short-term credits of companies continuously, but long-term capital investment and a company's borrowing for investment meet with difficulties.

Keywords: capital structure; debt tax shield; ownership structure; financing; Hungary; emerging economies; bank credit; short-term credit; long-term capital investment. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijepee:v:2:y:2009:i:3:p:302-317

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