The Impact of the Asset Structure on the Capital Structure
Journal Title: Acta Economica - Year 2015, Vol 13, Issue 22
Abstract
The capital structure depends on many factors, of which the asset structure is considered to be a primary factor. In accordance with the golden balance rule, companies should harmonize the deadlines of binding assets and deadlines of obligations maturity in order to provide company's liquidity. In accordance with this, long-term bound assets should be fnanced from long-term sources. Within the longterm sources companies need to decide whether the assets will be financed from borrowed or own sources. Numerous studies in this feld indicate that, in addition to deadlines of binding assets, the source of funding is also influenced by their materiality, i.e. their convenience to serve as security for a loan, and by their specifcity. The goal of the research in this paper is to show from which sources the companies listed on the Banja Luka Stock Exchange finance their assets and whether they adhere to the golden balance rule.
Authors and Affiliations
Јелена Пољашевић
Keywords
Related Articles
- EP ID EP43812
- DOI https://doi.org/10.7251/ACE1522247P
- Views 263
- Downloads 0
QUANTIFYING THE BANK RISKS – CREDITMETRICS CONCEPT
The paper investigates the internal methods of assessing exposure to credit risk and the possibility of implementing such methodologies in local conditions in order to effectively manage an equity position. The work unde...
THE REGULATORY ROLE IN CREATING REPUBLIC OF SRPSKA INSURANCE MARKET
Instability and undevelopment of insurance sector is observed in Republic of Srpska as well as in Bosnia and Herzegovina, as a result of weakness in the management of insurance companies and lack of appropriate and princ...
The new regulation of rating agencies and its influence on financial markets
The crisis in global financial markets, in the last year, has evolved into a crisis of the euro zone. In the countries of the European Union, especially in political discussions of “Euro-politicians” rating agencies are...
ENTREPRENEURSHIP, BUSINESS DECISIONS AND ACCOUNTING ANALYSIS
Many researchers see the key factor to entrepreneurial success being the comannd over critical information. Entrepreneurs are individuals who have the ability to identify and evaluate development opportunities; the ab...
Openness of Small Transitional Economies – Revised Analysis after the Global Economic Crisis
The influence of the economy’s openness on overall economic growth and development is a widely explored topic among economists with still unclear conclusions. They mainly stem from different ways of measuring the degree of...