Scientific journal NRU ITMO
Series "Economics and Environmental Management"
Registration certificate ЭЛ № ФС 77 – 55411 от 17.09.2013
зарегистрировано в Федеральной службе по надзору в сфере связи, информационных технологий и массовых коммуникаций
ISSN:2310-1172

December 2016 (published: 12.12.2016)

Number 4(27)

Home > Issue > Financial leverage and Its Determinants

UDC 336.648

Financial leverage and Its Determinants

Laskina L.Y.

The article examines the determinants of financial leverage which are analyzed in foreign empirical studies. It is shown that financial leverage is directly related to the firm’s size, firm’s growth, collateral value of assets and non-debt tax shield. Such factors as interest coverage ratio and political risk can be considered to have an adverse effect on financial leverage level.
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Keywords: financial leverage, determinants, firm size, profitability, interest coverage ratio

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