Wanzenried, Gabrielle (September 2002). Capital Structure Dynamics in UK and Continental Europe (Diskussionsschriften 02-09). Bern: Universität Bern Volkswirtschaftliches Institut
|
Text
dp0209.pdf - Published Version Available under License Creative Commons: Attribution (CC-BY). Download (1MB) | Preview |
This paper analyzes capital structure determinants of UK and continental European firms. Besides considering firmspecific characteristics, it investigates the impact of different corporate governance related institution- and marketspecific aspects on the capital structure choice. The dynamic framework allows to analyze short- and longterm adjustments and to relate them to firm- and systemspecific characteristics. Our data contain balance sheet and profit&loss account data of 167 European firms from 1988 to 1998. From our panel data regressions we find significant differences in the capital structure choice between the firms of the considered corporate governance systems.
Item Type: |
Working Paper |
|---|---|
Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics |
Subjects: |
300 Social sciences, sociology & anthropology > 330 Economics |
Series: |
Diskussionsschriften |
Publisher: |
Universität Bern Volkswirtschaftliches Institut |
Language: |
English |
Submitter: |
Aline Lehnherr |
Date Deposited: |
23 Apr 2020 10:53 |
Last Modified: |
22 Jun 2021 17:05 |
JEL Classification: |
G32, C23, D21 |
BORIS DOI: |
10.7892/boris.142923 |
URI: |
https://boris.unibe.ch/id/eprint/142923 |
Actions (login required)
 |
Edit item |