Factors of Choosing a Source of Debt Financing

Student: Samarchyan Liana

Educational Programme: Finance (Master)

Final Grade: 7

Year of Graduation: 2020

In this paper considered factors which affect the choice of source of debt financing. In this paper, as sources of debt financing are considered loans and bonds. The paper analyzes the theoretical basis, which is associated with the choice of factors and after which empirical studies are performed. For empirical analysis was used a binary probabilistic (logit) model. Studies have led to factors that affect the choice of a source of debt financing are fixed asset utilization, gross profit, the share of long-term assets in total capital, the share of loans and borrowings in accounts payable, and return on assets.

Full text (added May 19, 2020)

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