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Corvinus

Lessons learned from the effect of tight monetary conditions and crises on corporate capital structure

Gergelyné Kása, Marianna (2016) Lessons learned from the effect of tight monetary conditions and crises on corporate capital structure. Vezetéstudomány - Budapest Management Review, 47 (5). pp. 27-38.

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Abstract

The study reviews the theoretical and empirical literature on the effect of tight monetary conditions, crisis on corporate capital structure, further creates a framework for analyzing their relation, as well as sheds light on the lessons learned and open research areas. The results highlight that the supply side of capital has an effect on corporate capital structure, though the analysis of this relation is scarce. However, the impact of tight monetary conditions on capital structure is analyzed by several studies, there is limited evidence on the financial policy and the development of financing mix during a crisis period. The impact of the 2007/08 crisis on the corporate capital structure and especially in case of firms with impaired access to external financing is scarce. The study also highlights our lack in understanding of the relation of crisis and capital structure in case of the CEE region.

Item Type:Article
Uncontrolled Keywords:tight monetary conditions, crisis, capital structure, impaired access to financing
Subjects:Finance
Management, business policy, business strategy
ID Code:2362
Deposited By: Ádám Hoffmann
Deposited On:08 Jun 2016 07:26
Last Modified:21 Dec 2018 15:18

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