Pregled bibliografske jedinice broj: 716400
Bank Market Structure and Firms’ Leverage: Case of Croatia
Bank Market Structure and Firms’ Leverage: Case of Croatia // International journal of economics and statistics, 2 (2014), 83-90 (podatak o recenziji nije dostupan, članak, znanstveni)
CROSBI ID: 716400 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Bank Market Structure and Firms’ Leverage: Case of Croatia
Autori
Pepur, Sandra ; Pervan, Maja ; Ćurak, Marijana
Izvornik
International journal of economics and statistics (2309-0685) 2
(2014);
83-90
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
Bank market structure; leverage; large and small companies; market power and information-based hypothesis
Sažetak
This paper analyzes the impact of bank market structure on firms’ leverage in the Republic of Croatia with respect to the firms’ size. Two opposite theories, the market power theory and the relationship lending theory, are tested on very large and large enterprises, and medium and small companies, separately using panel data for the period from 2002 to 2011. According to the results the bank concentration positively affects firms’ leverage, regardless of the firms’ size, confirming predictions of relationship lending theory.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Ustanove:
Ekonomski fakultet, Split
Citiraj ovu publikaciju:
Uključenost u ostale bibliografske baze podataka::
- ZBW – German National Library of Economics
