Determinants of Capital Structure: Evidence from Banking Sector in Albania

Turan, Güngör; Hasanaj, Saida

doi:10.5901/mjss.2014.v5n13p482

Cited by 4 publications

(4 citation statements)

References 1 publication

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“…The positive impact of GDP on debt is evident -if the economy thrives and grows, corporate pro its are rising, creditors are willing to provide with loans and thus the level of debt could grow. Positive impacts were con irmed by Cekrezi (2013), Mallisa and Kusuma (2017) in Malaysia, Salehi and Manesh (2012). On the other hand, as mentioned in pro itability part above, if pro its grow, so do retained pro its that cause negative impact as found by e.g., Bastos, Nakamura, and Basso (2009), Bokpin (2009), Cheng and Shiu (2007), Hanousek and Shamshur (2011), Mallisa and Kusuma (2017) in Indonesia.…”

Section: Literature Overviewmentioning

confidence: 99%

“…These measures are mainly applied to short-term debt. Negative binding was found by e.g., Camara (2012), Cekrezi (2013), Cheng andShiu (2007), Hatzinikolaou, Katsimbris, andNoulas (2002), Jõeveer (2013), andOztekin (2015). Positive impacts were con irmed by Bokpin (2009), De Haas and Peeters (2006), Khemiri and Noubbigh (2018), Salehi and Manesh (2012) and Sett and Sarkhel (2010).…”

Section: Literature Overviewmentioning

confidence: 99%

“…However, the authors explained this unexpected fact by choosing a nominal rate that re lected the effect of in lation, which was also found to have a positive impact. Similarly, Cekrezi (2013) focused on Albanian companies, where she revealed a positive impact. Hatzinikolaou et al (2002) dealt with the United States, where a negative impact was found out.…”

Section: Literature Overviewmentioning

confidence: 99%

See 2 more Smart Citations

What determines leverage in selected countries of Central and Eastern Europe in the automotive industry

Růčková¹,

Škuláňová²

2020

J. adm. bus. stud.

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The subject of this article is to analyse the inancial structure of companies belonging to the second and third sector. The issue of sources of funding is one of the fundamental decisions of inancial managers and has been a much-debated topic in the last century. A number of studies have been written throughout this period, but there is still no consensus, and there is still a need to expand this area with new knowledge for other countries and sectors. The analysis covers medium and large companies engaged in automotive industry and is located in eleven selected countries including the Visegrad Group,

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Section: Literature Overviewmentioning

confidence: 99%

Section: Literature Overviewmentioning

confidence: 99%

Section: Literature Overviewmentioning

confidence: 99%

See 1 more Smart Citation

What determines leverage in selected countries of Central and Eastern Europe in the automotive industry

Růčková¹,

Škuláňová²

2020

J. adm. bus. stud.

View full text Add to dashboard Cite

show abstract

“…The capital structure decisions of a firm are very crucial because it referred to the ability of a firm and also fulfill the requirements of its stakeholders (Bajagai, Keshari, Bhetwal, Sah, & Jha, 2019). Its formation is also very important for every business organization (Turan & Hasanaj, 2014) that generate growth and firm valuation (Voulgaris, Asteriou, & Agiomirgianakis, 2004). Firms having a higher growth rate are more profitable for business than other firms.…”

Section: Introductionmentioning

confidence: 99%

Relationship between Ownership Structure and Capital Structure

Murtaza

2019

SJOM

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Objective – The main objective of this study is to measure the relationship between ownership structure and capital structure by using the chemical sector of Pakistan. Design – This study is used the panel data and retrieved from the annual reports of the chemical sector of Pakistan for the time period of 2012 to 2017. Findings – The finding the statistical analysis shows that ownership structure has a significant positive relationship on capital structure. Which mitigate the agency conflicts among managers and shareholders, because the majority of the shareholders would like to have a higher level of debt over equity financing. Policy Implications – The findings of this study also can be helpful to the policymakers, investors and financial institution in designing ownership structures and financing decisions for firms. Originality – This is the first study that examined the relationship between ownership structure and capital structure in the context of the chemical sector of Pakistan.

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“The Compliance Function in Banks and the Need for Increasing and Strengthening its Role - Lessons Learned from Practice”

2016

EJSD

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The environment in which banks operate requires familiarity with a growing number of techniques and regulations, as well as increasing attention to risk management policy. The following trends have been noticeable in recent years: diversification of business lines within large groups increase in the range of products on offer for the various categories of customer; growth of complex transactions; widening of the geographical area in which institutions are operating and accepting risks; fiercer competition among institutions, resulting in further profitability constraints. The overall outcome has been an increase and diversification of the risks incurred by institutions, against a background of continually evolving legislation. As a consequence, institutions are required to exercise a very high degree of vigilance, so as to ensure that their operations comply with the relevant rules and standards. This paper focuses on compliance risk. First it describe the definition of this risk and the regulatory framework in place dealing with this risk in Albania Banking System. Also are described main principles on the subject of compliance from best practices. It then looks to existing practices in banks and the role of different Bank Bodies and structures involved in governing the compliance risk. Finally in the light of these practices are identifying some moments how systems for controlling this type of risk might be improved.

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Determinants of Capital Structure: Evidence from Banking Sector in Albania

Abstract: The aim of this paper is to give a panorama on theoretical and empirical study of

Cited by 4 publications

References 1 publication

What determines leverage in selected countries of Central and Eastern Europe in the automotive industry

What determines leverage in selected countries of Central and Eastern Europe in the automotive industry

Relationship between Ownership Structure and Capital Structure

“The Compliance Function in Banks and the Need for Increasing and Strengthening its Role - Lessons Learned from Practice”

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