| |
| Field |
Value |
| |
| Title |
Financing of the firm under the impact of the financial crisis. Evidence from CEE countries
|
| |
| Creator |
RUSU, Valentina Diana; Alexandru Ioan Cuza University
|
| |
| Subject |
Financing decision, sources of financing, Central and Eastern European countries
|
| |
| Description |
This paper explores the problems experienced by the firms from the analyzed CEE countries regarding the access to finance under the impact of the financial crisis. The easy access to finance is a vital problem for the firms because it affects their development but also their survival. Also, the existence and activity of the firms appears in an interdependent relationship with the economic situation of the country in which they operate. So, if the economy of the country is affected by the financial crisis then this interdependent relationship leads to problems related to firms financing. Through this paper we analyze 245 firms from seven countries in Central and Eastern Europe member of the European Union (Bulgaria, Estonia, Latvia, Lithuania, Poland, Romania and Hungary). Using an econometric model we observe the changes that appear in the financing decision of these firms under the impact of the financial crisis. The results show that the current financial crisis had a significant influence on the financing decision of the analyzed firms causing significant changes of their level of indebtedness, especially a decrease.
|
| |
| Publisher |
The Journal of Accounting and Management
|
| |
| Contributor |
—
|
| |
| Date |
2015-01-22
|
| |
| Type |
Peer-reviewed Article
|
| |
| Format |
application/pdf
|
| |
| Identifier |
http://journals.univ-danubius.ro/index.php/jam/article/view/2711
|
| |
| Source |
The Journal of Accounting and Management; Vol 4, No 3 (2014): JAM
|
| |
| Language |
en
|
| |
| Rights |
The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.
|
| |
Since 2014