THE PROBLEM OF CAPITAL STRUCTUR OPTIMIZATION IN LITHUANIAN COMPANIES UNDER THE CONDITIONS OF EURO-INTEGRATION PROCESSES Cover Image

Kapitalo struktūros optimizavimo problema Lietuvos įmonėse eurointegracinių procesų sąlygomis
THE PROBLEM OF CAPITAL STRUCTUR OPTIMIZATION IN LITHUANIAN COMPANIES UNDER THE CONDITIONS OF EURO-INTEGRATION PROCESSES

Author(s): Tomas Kipišas
Subject(s): Economy
Published by: Vytauto Didžiojo Universitetas
Keywords: kapitalo struktūra; optimali kapitalo struktūra; finansinis svertas; kapitalo kaštai. capital structure; optimal capital structure; financial leverage; costs of capital.

Summary/Abstract: The paper provides a study based on the analysis of financial reports of the country’s largest listed joint stock companies seeking to identify the determinants of the firms’ capital structure. The paper also deals with the issue of capital structure optimization in Lithuanian companies. The method of capital structure modeling is designed to explore if companies dispose optimal leverage and make use of opportunities in reducing the costs of financing. The eventual future trends of capital structure in Lithuanian companies under the influence of processes of Eurointegration are delivered as well.

  • Issue Year: 2004
  • Issue No: 31
  • Page Range: 103-116
  • Page Count: 14
  • Language: Lithuanian
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