The Influence of Market Competition on Financial Decisions of Firms

Student: Lopaev Dmitriy

Supervisor: Roman N. Bozhya-Volya

Faculty: Faculty of Economics, Management, and Business Informatics

Educational Programme: Finance (Master)

Year of Graduation: 2018

This work combines the basic theoretical knowledge on the theory of capital structure formation. It will show the importance of market competitors for the company's financial decisions. Studied works on market competition. This work is aimed at obtaining empirical confirmation of the effect of market competition on the capital structure. Data are used for the period from 2015 to 2016, including companies in Russia producing food, clothing, as well as oil and gas and metallurgical companies. The significant negative impact of market competition on the amount of borrowed capital in the structure of the companies' capital is proved.

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