ECTAP
 
HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact
 

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)

News

Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 3 / 2017 (612), Autumn

An agency theory approach on Romanian listed companies’ capital structure

Liviu-Adrian ȚAGA
Bucharest Academy of Economic Studies, Romania

Abstract. Capital structure is one of the most studied thematics in corporate finance because of its strong dependencies with companies’ performance. Literature provides various theories trying to explain capital structure and financing decisions. Agency theory treats the subject from a principal-agent approach. Diverging interests of these two decisional factors can explain the financing decisions taken by companies where other capital structure’s theories fail. Testing agency theory implications against a sample of Romanian listed companies will show whether this theoretical concept provides empirical results in an emerging market with developing capital market.

Keywords: agency theory, optimal capital structure, stakeholder type, equity, leverage.

Download the full article:  

Contents

Open acces

ECTAP

Search

BOOKS

The Economicity. The Epistemic Landscape, Marin Dinu, 2016

Partners


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail: economia.ta@edeconomica.com

© 2006-2017 AGER