IMPACT OF FINANCIAL CRISIS ON CONSTRUCTION FIRM`S COST OF CAPITAL

Nistor Ioan (), Maria Ciupac-Ulici and Schiau (Macavei) Laura Liana
Additional contact information
Nistor Ioan: Business Faculty
Schiau (Macavei) Laura Liana: Babes-Bolyai University, Faculty of Economics and Business Administration

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 616-622

Abstract: The average cost of debt is negatively related with size, tangibility, firm growth, the leverage ratio, and the ratio of long- to short-term debt and positively to profitability. We find that the recent international crisis did have a significant impact on the set of firms in our sample, but affected the way in which leverage and the interest to debt ratio relate to firm fundamentals. In this article, we want to study the impact of financial crisis on the cost of capital using a sample of construction companies.

Keywords: asset pricing cost of capital; financial crisis; CAPM (search for similar items in EconPapers)
JEL-codes: G01 G12 G14 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2010:i:2:p:616-622

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