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Article

Детерминанты формирования структуры капитала российскими компаниями

Финансы и кредит. 2013. № 40 (568). С. 76-84.
Завертяева М. А., Лучкина А. В.

Capital structure is one of key company value factor, so it is important to identify its determinants. Existing studies of Russian companies dedicated to capital structure puzzle use only publicly available data therefore ignore a number of important factors, including behavioral ones. Therefore, the current paper uses survey of people responsible for financial decision-making. In addition to choose statistically significant determinants the paper discusses the possibility of using factor analysis to identify groups of factors influencing the choice of funding.