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O'Connor, Thomas, McNally, Bridget and Byrne, Julie (2015) Which Factors Determine The Capital Structure of Non-financial Publicly Traded Irish Firms. Accounting, Finance and Governance, 22. pp. 27-57. ISSN 2009-8766
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Abstract
In this paper, we trace the indebtedness of the non-financial corporate sector in Ireland over the period
from 1980 to 2007. This period witnessed an episode of leveraging to 2001, following by a period of
deleveraging to 2007. Our findings suggest that fundamentals can help explain why firms became
more indebted between 1980 and 2001, but the deleveraging that took place after 2001 is due to
factors other than the fundamentals included in our analysis. While we cannot say definitively, our
findings may be in line with evidence which points to a concerted effort on the part of Irish firms to
reduce their debt financing since 2001.
| Item Type: | Article |
|---|---|
| Keywords: | Corporate debt; fundamentals; Ireland; |
| Academic Unit: | Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: | 12806 |
| Depositing User: | Thomas O'Connor |
| Date Deposited: | 22 Apr 2020 11:06 |
| Journal or Publication Title: | Accounting, Finance and Governance |
| Publisher: | Irish Accounting and Finance Association |
| Refereed: | Yes |
| Related URLs: | |
| URI: | https://mural.maynoothuniversity.ie/id/eprint/12806 |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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