Download The Determinants of the Capital Structure of Listed on Stock Market

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market in question (eg, activity sector, macroeconomic conditions or corporate structure);
Finally, the results of this study should be used with caution in comparison with other works
of a similar nature but which use specific and different variables, with different samples of
quite different contexts of the Portuguese.
In future research, with the development of these limitations, we can improve the
understanding of the determinants of capital structure on indebtedness. Additionally, the
results obtained in the MTB variable in the period before and after the crisis, may allow
developments of new analysis on the dynamics of the capital market and the addition of the
liquidity risk in the capital structure of the companies. Nevertheless, this work opens the way
for understanding the relevant determinants and effects of the financial crisis, in the
management of financing options by Portuguese companies.
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