Open AccessFinancial leverage and financial market instability : the case of Latvia
Author(s) -
Ramona Rupeika-Apoga,
Elvīra Zelgalve
Publication year - 2013
Publication title -
taikomoji ekonomika: sisteminiai tyrimai
Language(s) - English
Resource type - Journals
eISSN - 2335-8742
pISSN - 1822-7996
DOI - 10.7220/aesr.1822.7996.2013.7.1.10
Subject(s) - leverage (statistics) , profitability index , business , instability , indirect finance , financial system , financial market , finance , corporate finance , economics , physics , machine learning , computer science , mechanics
The present paper is an attempt to integrate financial market instability and corporate finance in a dynamic setup. The results of the study highlight that financial market instability, tangibility, and profitability have a negative impact on leverage of the firm, whereas assets growth has a positive effect.Šiuo straipsniu siekiama dinamine sąranka sujungti finansų rinkų nestabilumą ir įmonių finansus. Tyrimo rezultatai parodė, kad finansų rinkos nestabilumas, materialumas ir pelningumas turi neigiamą poveikį įmonės finansiniam svertui, o turto augimas turi teigiamą poveikį