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|z 9781451976342
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|a 1018-5941
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|c BD-DhAAL
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|a Hussain, Qaizar.
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|a The Capital Structure of Listed Companies in Poland /
|c Qaizar Hussain, Eugeniy Nivorozhkin.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1997.
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|a 1 online resource (27 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the capital structure of listed firms in Poland, using firm-level panel data to study the determinants of leverage. Polish firms had extremely low leverage levels, suggesting a growing stock market and a potential reluctance of banks to grant loans to old and risky firms. The empirical exercise finds that large, new, foreign-owned firms, and firms with strong cash positions have higher levels of leverage. Finally, shareholder concentration has a neutral or even a beneficial influence on firm leverage. The nature of ownership may be primarily responsible for this finding.
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|a Mode of access: Internet
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|a Nivorozhkin, Eugeniy.
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|a IMF Working Papers; Working Paper ;
|v No. 1997/175
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1997/175/001.1997.issue-175-en.xml
|z IMF e-Library
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