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Pregled bibliografske jedinice broj: 1050509

Analyzing capital structure across industries: evidence from Croatia


Karanović, Bisera; Nikolić, Gordana; Karanović, Goran
Analyzing capital structure across industries: evidence from Croatia // Zagreb International Review of Economics & Business, 22 (2019), SCI 2; 1-10 doi:10.2478/zireb-2019-0008 (međunarodna recenzija, članak, znanstveni)


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Naslov
Analyzing capital structure across industries: evidence from Croatia

Autori
Karanović, Bisera ; Nikolić, Gordana ; Karanović, Goran

Izvornik
Zagreb International Review of Economics & Business (1331-5609) 22 (2019), SCI 2; 1-10

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Capital structure ; Debt ratio ; Leverage ; Financial analysis ; Croatia

Sažetak
Capital structure refers to the delicate balance between equity and debt that a company uses to finance its assets. It is typically expressed as a debt-to-equity or debt-to- capital ratio, with the components usually located on the right side of the company’s balance sheet. Capital structure can exert great influence on the company’s risk profile and ability to leverage its operations. For this reason, the authors conducted an investigation of the capital structure of 16 joint stock companies listed on the Zagreb Stock Exchange comprising CROBEX, the equity index of Croatia for a three-year period starting in 2015 and ending in 2017. The study demonstrates that many CROBEX-listed companies are very risk averse and choose to remain debt- free. Some are, however, starting to discover the potential offered by financial leverage and have slowly started adjusting their capital structure. In conclusion, capital structure is slowly becoming an issue worthy of discussion on the corporate agendas in Croatia.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Ustanove:
Fakultet za menadžment u turizmu i ugostiteljstvu, Opatija,
Visoka poslovna škola PAR, Rijeka

Poveznice na cjeloviti tekst rada:

Pristup cjelovitom tekstu rada doi hrcak.srce.hr

Citiraj ovu publikaciju:

Karanović, Bisera; Nikolić, Gordana; Karanović, Goran
Analyzing capital structure across industries: evidence from Croatia // Zagreb International Review of Economics & Business, 22 (2019), SCI 2; 1-10 doi:10.2478/zireb-2019-0008 (međunarodna recenzija, članak, znanstveni)
Karanović, B., Nikolić, G. & Karanović, G. (2019) Analyzing capital structure across industries: evidence from Croatia. Zagreb International Review of Economics & Business, 22 (SCI 2), 1-10 doi:10.2478/zireb-2019-0008.
@article{article, author = {Karanovi\'{c}, Bisera and Nikoli\'{c}, Gordana and Karanovi\'{c}, Goran}, year = {2019}, pages = {1-10}, DOI = {10.2478/zireb-2019-0008}, keywords = {Capital structure, Debt ratio, Leverage, Financial analysis, Croatia}, journal = {Zagreb International Review of Economics and Business}, doi = {10.2478/zireb-2019-0008}, volume = {22}, number = {SCI 2}, issn = {1331-5609}, title = {Analyzing capital structure across industries: evidence from Croatia}, keyword = {Capital structure, Debt ratio, Leverage, Financial analysis, Croatia} }
@article{article, author = {Karanovi\'{c}, Bisera and Nikoli\'{c}, Gordana and Karanovi\'{c}, Goran}, year = {2019}, pages = {1-10}, DOI = {10.2478/zireb-2019-0008}, keywords = {Capital structure, Debt ratio, Leverage, Financial analysis, Croatia}, journal = {Zagreb International Review of Economics and Business}, doi = {10.2478/zireb-2019-0008}, volume = {22}, number = {SCI 2}, issn = {1331-5609}, title = {Analyzing capital structure across industries: evidence from Croatia}, keyword = {Capital structure, Debt ratio, Leverage, Financial analysis, Croatia} }

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Emerging Sources Citation Index (ESCI)
  • EconLit


Citati:





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