Determinants of Corporate Performance : Modelling Approach

Ewa Majerowska, Magdalena Gostkowska-Drzewicka
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引用次数: 1

Abstract

This study is to investigate the influence of the selected factors of the capital structure on the corporate performance. An empirical analysis covers a sample of 90 non-financial companies traded on the Warsaw Stock Exchange, in the period of 2000-2015. The panel data models for two corporate performance measures such ROA and ROE were estimated. The company’s capital structure negatively affects its performance. It is in line with pecking order theory and previous studies on capital structure of Polish companies.
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企业绩效的决定因素:建模方法
本研究旨在探讨资本结构中所选择的因素对公司绩效的影响。一项实证分析涵盖了2000年至2015年期间在华沙证券交易所上市的90家非金融公司的样本。对ROA和ROE这两个公司绩效指标的面板数据模型进行了估计。公司的资本结构对其业绩有负面影响。这与啄序理论和前人对波兰公司资本结构的研究是一致的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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