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Determinants of Capital Struckture of Companies in Emerging Markets for example Eastern

Student: Lopareva Yulia

Supervisor: Svetlana Grigorieva

Faculty: Faculty of Economic Sciences

Educational Programme: Corporate Finance (Master)

Final Grade: 7

Year of Graduation: 2017

This paper presents the results of empirical testing of the determinants of capital structure of companies in emerging markets for example Eastern Europe. The study’s sample uses financial data of 150 large public companies for the years 2008-2016. The debt leverage was influenced by the size of the company, an indicator of financial instability, tangibility of assets, effective tax rate, and a variable reflecting the country of observation.

Full text (added May 14, 2017)

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