-,. - - !" ". -,. ( ),
#" " : -. :
$" " 1. 2.
3.
4. 5.
6., 2007-2008
,,
%" " Bloomberg The World Bank)
:
1.,. 2. 3.
&" " 4.
5.,
6.
- - '" " 2009- - 7 2012); ;
; ; -, 2012); IX, XI, XII, XIII 2008, 2010 - 2012); 19- - ); ; ; - ; ); ; -., 9,05 1 (" " 191 9 $" #,
,
.,,,
)*" " Frank, Goyal, 2008]... :
;
))" " -. [Jensen, Meckling, 1976].
[Graham, Harvey -
[Frank, Goyal, 2008] Baker, Wurgler )+" ". )!" " ( )
)#" "
.. :
;
- ;
;
. )%" ",,
2.
3.
4
5.
2010 )&" ".
, 1:
1.
2.
3. :
4.
2) 2. (DEF) (MTB)
)(" " T DR T DR A T DR T DR A T DR T DR A T DR T DR A T DR T DR A 0, 447*** 0, 560*** 0, 221 0, 321*** 0, 621*** 0, 0884 0, 354** 0, 431*** 0, 296*** 0, 416*** 0, 245** 0, 264** 0, 225 0, 329*** 0, 594*** -0, 010 0, 363** 0, 374*** 0, 144 0, 557*** 0, 458*** 0, 579*** 0, 219 0, 316*** 0, 624*** 0, 100 0, 377** 0, 352*** 0, 397*** 0, 449*** 0, 272** 0, 311** 0, 279* 0, 350*** 0, 603*** 0, 0958 0, 359** 0, 436*** 0, 341*** 0, 359*** 0, 336*** 0, 306** 0, 318** 0, 369*** 0, 575*** 0, 114 0, 346** 0, 412*** 0, 297*** 0, 357*** D E F 0, 452*** 0, 555*** 0, 385*** 0, 260** 0, 636*** 0, 0787 0, 270** 0, 381*** 0, 395*** 0, 304*** 0, 322** 0, 394** 0, 506*** 0, 467*** 0, 791*** 0, 226* 0, 252** 0, 431*** 0, 386*** 0, 499*** M T B 0, 342*** 0, 501*** -0, 0219 -0, 0254 0, 621*** 0, 0855 0, 236 -0, 310** 0, 272*** 0, 364*** M T B 0, 369** 0, 593*** 0, 269** -0, 0189 0, 714*** 0, 257** 0, 248* 0, 0892 0, 327* 0, 508*** E F W A M T B 0, 449*** 0, 544*** -0, 00573 -0, 00133 0, 625*** 0, 0843 0, 187 -0, 436*** 0, 274*** 0, 362*** E F W A M T B 0, 519*** 0, 635*** 0, 166 -0, 0606 0, 694*** 0, 255** 0, 212* 0, 0834 0, 318* 0, 518*** 0, 427** 0, 697*** 0, 0912 0, 428** 0, 674*** -0, 109 0, 199 0, 379** 0, 110 0, 586*** 0, 102 0, 0569 0, 0183 0, 0373 0, 232 -0, 0633 0, 546** 0, 269 0, 362*** 0, 1 : TDR TDRA 1- 1);
MTB market-to-book ; EFWAMTB
- TDR TDRA. - - ( ) [Lemmon et al, 2008; Wanzenried, 2006]). 31 58% 100%
+)" " 0,6150 0,4693 0,6342 0,5369 0,57 0,5162 0,2922 0,5335 0,3176 0,43TDRA Prob>z 0,0009 0,0000 0,0000 0,0000 0,00 0,3053 0,2319 0,3158 0,2893 0,22 0,3012 0,2227 0,2924 0,1990 0,20TDR Prob>z 0,2984 0,1865 0,2204 0,0000 0,00 : TDR TDRA - -,
3. # 1. - +!" " 2.
3.
4.
5. - 6.
# 1. //. 2012.. 58-70 +#" " 2. //. 2012... 110125 (1..) 3... //. 3 (19). C. 44 58 (1,1.....;. 0,55..) 4. //.
25-42 ; 5. ) // -.. 2008.. 3-32. ; 6. Kokoreva M.S. Financial Architecture and Corporate Performance: Evidence from Russia //. 2(22). C. 34-44 (0,8..;. Stepanova A.N.. 0,4..) 7. Empirical Testing of Dynamic Capital Structure Choice: Case of Russian Companies// 4(16). 2010. 31-40 (0,7... Shakhina N ;. 0,..) 8.. -. 2011.. 5-47 (2..,...;. 1,65..) +$" " Авторефераты по всем тема >> Авторефераты по разным специальностя