Naslov
Managing financial structure in financial turmoil

Autori
Učkar, Dean ; Carlin, Sven

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 30th International Conference on Organizational Science Development / Ferjan, Marko ; Kljajić Borštnar, Mirjana ; Pucihar, Andreja - Kranj : Moderna organizacija, 2011, 1452-1458

ISBN
978-961-232-246-5

Skup
Future Organization

Mjesto i datum
Portorož, Slovenija, 23.03.2011. - 25.03.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Financial structure; capital structure; debt management; stock pricing

Sažetak
One of the most important questions for a company is the ability of managing its financial and capital structure. The global crisis gives us new evidence on how companies manage their leverage in difficult times and gives us important answers for the future. The goal of this study is to emphasize that companies of the future need to have the capacity of lowering debt in turbulent times in which they are forced to exist and that lower debt gives them more stability and better financial outlooks. That is reflected on theirs stock prices as well. This task is tested on companies listed on Zagreb stock exchange where the stock prices are used as a management evaluation tool. A model is created which considers the financial and capital structure, earnings and stock prices in the period from the stock market peak of 2007 trough the stock market bottom of March 2009 till the second half of 2010. The hypothesis which will be tested is that companies which decrease the usage of leverage will have better perception from investors which consequently will have influence on theirs stock price movements.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA