Capital structure and corporate governance: Evidence from Eastern European listed companies

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dc.contributor.authorBerķe-Berga, Anželika
dc.contributor.authorDovladbekova, Inna
dc.contributor.institutionEiropas studiju fakultāte
dc.date.accessioned2021-04-21T08:20:01Z
dc.date.available2021-04-21T08:20:01Z
dc.date.issued2019
dc.descriptionPublisher Copyright: © 2019, Czestochowa University of Technology. All rights reserved.
dc.description.abstractThe goal of this paper is to investigate the relationship between corporate governance quality and capital structure of a firm. Survey sample consists of 799 listed companies in 9 Eastern European countries. OLS regression is done with book and market leverage as dependent variables and a corporate governance index constructed by the authors serves as the main explanatory variable. Other control variables, mostly positions and ratios from financial statements, are also used. The regression models with market leverage as dependent variable have larger explanatory power than models with book leverage. The results of the survey reveal negative relation between corporate governance index and market leverage, which means the higher level of corporate governance, the lower level of debt. Other existing empirical findings from other countries show various conclusions – some similar, some – contrary to this survey, and some have inconclusive results.en
dc.description.statusPeer reviewed
dc.format.extent619593
dc.identifier.citationBerķe-Berga, A & Dovladbekova, I 2019, 'Capital structure and corporate governance: Evidence from Eastern European listed companies', Polish Journal of Management Studies, vol. 20, no. 2, pp. 161-173. https://doi.org/10.17512/pjms.2019.20.2.14
dc.identifier.doi10.17512/pjms.2019.20.2.14
dc.identifier.issn2081-7452
dc.identifier.urihttps://dspace.rsu.lv/jspui/handle/123456789/3878
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85078291326&partnerID=8YFLogxK
dc.language.isoeng
dc.relation.ispartofPolish Journal of Management Studies
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectBook leverage
dc.subjectCorporate governance
dc.subjectDebt
dc.subjectEastern Europe
dc.subjectMarket leverage
dc.subject5.2 Economy and Business
dc.subject1.1. Scientific article indexed in Web of Science and/or Scopus database
dc.subjectBusiness and International Management
dc.subjectStrategy and Management
dc.subjectOrganizational Behavior and Human Resource Management
dc.titleCapital structure and corporate governance: Evidence from Eastern European listed companiesen
dc.type/dk/atira/pure/researchoutput/researchoutputtypes/contributiontojournal/article

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