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CAPITAL STRUCTURE OF UKRAINIAN NON-FINANCIAL COMPANIES IN HISTORICAL PERSPECTIVE
Journal: Bulletin of Taras Shevchenko National University of Kyiv. Economics (Vol.196, No. 1)Publication Date: 2017-12-12
Authors : D. Chernenko;
Page : 84-92
Keywords : firm financing; capital structure; financial structure; company capital; financing sources; non-financial companies;
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Abstract
This paper examines the dynamics of Ukrainian non-financial firms' capital structure within a historical perspective. It shows that firm financing since 1990 was a derivative from economic and institutional changes, and current levels of leverage are lower than ones of foreign peers. Whereas in the short-term we can expect some market recovery, long-term dynamics relies almost exclusively on the successof institutional reforms.
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Last modified: 2018-04-16 02:24:32