Η άριστη κεφαλαιακή διάρθρωση : μια εμπειρική εφαρμογή σε ελληνικές εισηγμένες επιχειρήσεις στο Χ.Α.Α, πλην χρηματοπιστωτικών οργανισμών
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Επενδύσεις κεφαλαίου -- Ελλάδα ; Επιχειρήσεις -- Ελλάδα -- Χρηματοδότηση ; Κεφάλαιο ; Capital investments -- Greece ; Corporations -- Greece -- Finance ; CapitalAbstract
The purpose of this study is to identify the key determinants of the decision¬making process regarding the capital structure of Greek listed companies, excluding financial institutions, before and after the debt crisis in Greece. The empirical analysis was performed using panel data. In addition, the main theories of capital structure of firms were tested for listed companies on the Athens Stock Exchange for the period from 2003 to 2013. Moreover, the analysis carried out in two sub-periods, the period 2003-2007, before the crisis occurred and the 2008-2013 for the crisis period. The results of this study are consistent with the two main capital structure theories the trade-off theory and the theory pecking order.