1. OAR@UM
  2. External Research Collection
  3. Social Sciences
  4. Finance
  5. Journal of Corporate Governance, Insurance and Risk Management
  6. 2014
  7. JCGIRM, Volume 1, Issue 2, 2014
Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/68435
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dc.contributor.authorZelgalve, Elvira-
dc.contributor.authorBerzkalne, Irina-
dc.date.accessioned2021-02-03T09:42:58Z-
dc.date.available2021-02-03T09:42:58Z-
dc.date.issued2014-
dc.identifier.citationZelgalve, E., & Berzkalne, I. (2014). Capital structure choice in the Baltic countries. Journal of Corporate Governance, Insurance and Risk Management, 1(2), 181-192.en_GB
dc.identifier.issn2757-0983-
dc.identifier.urihttps://www.um.edu.mt/library/oar/handle/123456789/68435-
dc.description.abstractThe data set consists of 58 companies listed on the Baltic Stock Exchange over the period from 2005 to 2012. The study analyses the trade-off and the pecking order theories of capital structure by using regression analysis. The empirical results indicate that Baltic listed companies do not apply pecking order to their capital structure. Speed of adjustment varies for long-term debt and short-term debt. Short-term debt is adjusted more quickly than long-term debt. Speed of adjustment also depends on company size and country. Large companies and companies from Estonia adjust their capital structure more quickly than medium companies and companies from Lithuania.en_GB
dc.language.isoenen_GB
dc.publisherGovernance Research and Development Centre, Croatia & University of Malta, Faculty of Economics, Management and Accountancy, Department of Insuranceen_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectCapital -- Estoniaen_GB
dc.subjectCapital -- Latviaen_GB
dc.subjectCapital -- Lithuaniaen_GB
dc.subjectBusiness enterprises -- Financeen_GB
dc.subjectCorporations -- Financeen_GB
dc.subjectOrganizational effectivenessen_GB
dc.titleCapital structure choice in the Baltic countriesen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.description.reviewedpeer-revieweden_GB
dc.publication.titleJournal of Corporate Governance, Insurance and Risk Managementen_GB
Appears in Collections:JCGIRM, Volume 1, Issue 2, 2014

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