The Determinants of Capital Structure of Hungarian Firms in Transition

Andrea Balla and Iván Bélyácz

Chapter 7 in Corporate Restructuring and Governance in Transition Economies, 2007, pp 156-177 from Palgrave Macmillan

Abstract: Abstract The corporate capital structure decision, in spite of its ‘derived’ nature, has been in the focus of theoretical interest for decades. Its ‘derived’ characteristics means that corporate managers rarely make capital structure decisions to achieve optimum structure explicitly. The corporate managers make decisions on production, market and financing; the latter directly affecting the current corporate capital structure.

Keywords: Capital Structure; Agency Theory; Financial Distress; Debt Ratio; Foreign Ownership (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-80151-6_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230801516

DOI: 10.1057/9780230801516_8

Access Statistics for this chapter

More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().