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Type of publication: Article in international databases and / or recognized publishing houses (S4);Straipsnis tarptautinėse DB ir/ar pripažintose leidyklose (S4)
Field of Science: Economics (S004);Ekonomika (S004)
Author(s): Kaupelytė, Dalia;Mscichauskas, Domas
Title: Analysis of factors influencing financial leverage in Lithuanian listed companies
Is part of: Central European business review. Prague : University of Economics, 2016, Vol. 5, iss. 2
Extent: p. 74-86
Date: 2016
Note: ISSN 1805-4862 (Online)
Keywords: Listed companies;Finansinis svertas;Listinguojamos įmonės;Finansinį svertą įtakojantys veiksniai;Financial leverage;Factors influencing financial leverage
Abstract: The goal of the paper is to identify factors influencing financial leverage in Lithuanian listed companies. Factors influencing financial leverage have been analyzed in theoretical and empirical literature although there is now evidence of research of such type in Lithuania. Authors analyse theories explaining financial leverage and factors influencing financial leverage. Survey data include 2008-2012 year financial statements of 30 firms listed on the NASDAQ OMX Vilnius stock exchange. Methods used in this paper include comparative literature analysis, econometric and regression analysis and summarization of research data. The research allowed to confirm financial constraints (specifically, working capital) and a firm's industry as factors influencing financial leverage. Financial constraints impel companies to have higher financial leverage, and firms in the same industry are predisposed to change their financial leverage accordingly
Affiliation(s): Vytauto Didžiojo universitetas
Ekonomikos ir vadybos fakultetas
Finansų katedra
Appears in Collections:1. Straipsniai / Articles
Universiteto mokslo publikacijos / University Research Publications

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