Inflation and Capital Structure

Abstract

This essay is a contribution to the empirical literature on the effect of inflation tax on capital structure. A simple empirical model considering the main results of the current theoretical development is studied, using microdata from a number of American corporations. Abstrakt Tento článek je příspěvkem k empirické literatuře studující dopad inflace na strukturu kapitálu. Jednoduchý empirický model používající mikroekonomická data o amerických korporacích je analyzován s ohledem na hlavní poznatky současné teorie.

The Effect of Company’s External and Internal Factors to Firm’s Value with Capital Structure as Intervening Variable in Listed Construction’s Company in Indonesia

“…Similar statement also found on several previous studies e.g. Barry et al, [22], Noguera [23], and Koksal and Orman [24].…”

Bankaya Özgü ve Makroekonomik Faktörlerin Bankaların Sermaye Yapısı Üzerine Etkisi

“…Hortlund (2005: 23) proved that a high inflation rate increases the debt ratio, especially for banks. The positive effect of the inflation rate on leverage is also concluded by Frank and Goyal (2009), Mokhova andZinecker (2014), andNoguera (2001). These studies revealed that high inflation creates a high demand for corporate bonds.…”