Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2019.1638288
A preference for corporate borrowing in alternative markets over borrowing from banks under the impact of monetary policies: a Lithuanian case
Ligita Gaspareniene
; Lithuanian Institute of Agrarian Economics, Vilnius, Lithuania
Rita Remeikiene
; Lithuanian Institute of Agrarian Economics, Vilnius, Lithuania
Alius Sadeckas
; Faculty of Economics and Business, Mykolas Romeris University, Vilnius, Lithuania
Viktoras Chadyšas
; Faculty of Fundamental Sciences, Vilnius Gediminas Technical University, Vilnius, Lithuania
Sažetak
An analysis of the scientific literature has revealed that companies in advanced countries have mixed capital structures, whereas companies in less advanced countries mostly depend on bank credits and loans. The reason for dependence on bank funding lies in the fact that corporate bonds are profitable only to large companies with a high credit rating, while small and medium companies—as well as large companies with lower credit ratings—find bank loans to be a more attractive method of external financing. This article focuses on the impact of particular financial and economic determinants on corporate borrowing in Lithuania. With a view to providing not only theoretical, but also practical insight in the problems of corporate financing, we have included such financial determinants as interest rates and bond yields
Ključne riječi
Corporate borrowing; credit; bank; monetary policy
Hrčak ID:
228863
URI
Datum izdavanja:
22.1.2019.
Posjeta: 792 *