How does the firm size affect the relative importance of country and industry effect in capital structure? Empirical evidence from Europe
AbstractThe purpose of this study is to determine the relative importance of the country and industry factors in the capital structure depending on the firm size. The analysis includes three size groups of firms in thirteen industries of nine EU countries and covers the period 2000-2009. The applied methods include multivariate statistical analysis, mainly the k-means cluster analysis. Findings reveal the prevalence of the country factors, although not homogeneously across all size groups.
|Journal series||Argumenta Oeconomica, ISSN 1233-5835|
|Publication size in sheets||1|
|Keywords in English||capital structure, country effect, industry effect, firm size|
|License||Other; published final; ; with publication|
|Score|| = 15.0, 20-12-2017, ArticleFromJournal|
= 15.0, 20-12-2017, ArticleFromJournal
|Publication indicators||: 2016 = 0.108 (2) - 2016=0.235 (5)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.