A study of the capital structure in the construction sector of Republika Srpska
This research included 11 companies from the construction sector, included in the stock exchange index of the construction sector, GIRS. The following dependent variable was used: short-term debt to total liabilities (STDTL). The following independent variables were used: return on equity (ROE), ret...
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| Format: | Article |
| Language: | English |
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Association of Serbian Banks
2020-01-01
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| Series: | Bankarstvo |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2020/1451-43542001037A.pdf |
| _version_ | 1818398667408670720 |
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| author | Alihodžić Almir |
| author_facet | Alihodžić Almir |
| author_sort | Alihodžić Almir |
| collection | DOAJ |
| description | This research included 11 companies from the construction sector, included in the stock exchange index of the construction sector, GIRS. The following dependent variable was used: short-term debt to total liabilities (STDTL). The following independent variables were used: return on equity (ROE), return on assets (ROA), the tangibility of assets (TOA), current ratio (CR), current assets to total assets (CATA), total debt to total capital (TDTC) and firm size (FS). The research period covered the period from 2008-2018 on a semi-annual basis. The total number of observations was 242. The paper includes the pooled OLS regression model (FE model) and the random-effects GLS regression model. Both models were appropriate for the obtained results through the Hausman test. The results showed that the strongest influence on the dependent variable were the short-term debt to total liabilities (STDTL), which has been achieved by the following independent variables, such as: current ratio (CR), total debt to total capital (TDTC), return on assets (ROA). On the other hand, the following independent variables had the weakest influence on the dependent variable: current assets to total assets (CATA), firm size (FS) and return on equity (ROE). |
| first_indexed | 2024-12-14T07:08:26Z |
| format | Article |
| id | doaj.art-c996713b721242a488b88d23a765c3db |
| institution | Directory Open Access Journal |
| issn | 1451-4354 2466-5495 |
| language | English |
| last_indexed | 2024-12-14T07:08:26Z |
| publishDate | 2020-01-01 |
| publisher | Association of Serbian Banks |
| record_format | Article |
| series | Bankarstvo |
| spelling | doaj.art-c996713b721242a488b88d23a765c3db2022-12-21T23:12:03ZengAssociation of Serbian BanksBankarstvo1451-43542466-54952020-01-0149137661451-43542001037AA study of the capital structure in the construction sector of Republika SrpskaAlihodžić Almir0Univerzitet u Zenici, Ekonomski fakultet, Zenica, Bosna i HercegovinaThis research included 11 companies from the construction sector, included in the stock exchange index of the construction sector, GIRS. The following dependent variable was used: short-term debt to total liabilities (STDTL). The following independent variables were used: return on equity (ROE), return on assets (ROA), the tangibility of assets (TOA), current ratio (CR), current assets to total assets (CATA), total debt to total capital (TDTC) and firm size (FS). The research period covered the period from 2008-2018 on a semi-annual basis. The total number of observations was 242. The paper includes the pooled OLS regression model (FE model) and the random-effects GLS regression model. Both models were appropriate for the obtained results through the Hausman test. The results showed that the strongest influence on the dependent variable were the short-term debt to total liabilities (STDTL), which has been achieved by the following independent variables, such as: current ratio (CR), total debt to total capital (TDTC), return on assets (ROA). On the other hand, the following independent variables had the weakest influence on the dependent variable: current assets to total assets (CATA), firm size (FS) and return on equity (ROE).https://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2020/1451-43542001037A.pdfleveragedebt structureequityregression analysis |
| spellingShingle | Alihodžić Almir A study of the capital structure in the construction sector of Republika Srpska Bankarstvo leverage debt structure equity regression analysis |
| title | A study of the capital structure in the construction sector of Republika Srpska |
| title_full | A study of the capital structure in the construction sector of Republika Srpska |
| title_fullStr | A study of the capital structure in the construction sector of Republika Srpska |
| title_full_unstemmed | A study of the capital structure in the construction sector of Republika Srpska |
| title_short | A study of the capital structure in the construction sector of Republika Srpska |
| title_sort | study of the capital structure in the construction sector of republika srpska |
| topic | leverage debt structure equity regression analysis |
| url | https://scindeks-clanci.ceon.rs/data/pdf/1451-4354/2020/1451-43542001037A.pdf |
| work_keys_str_mv | AT alihodzicalmir astudyofthecapitalstructureintheconstructionsectorofrepublikasrpska AT alihodzicalmir studyofthecapitalstructureintheconstructionsectorofrepublikasrpska |