The study examines the capital structure of the companies operating in the Hungarian chemical industry in the period of 2004-2013. First the database is presented which was used for the examination, than the linear regression, the multivariate statistical method which was used for the identification of the relations between the indicators.
The next part is the descriptive statistical analysis of the indicators determining the way of business, the changes are explained at company level as well. The trend analysis of the capital structure indicators affects the chemical industry in the neighboring countries also, so the financial policies of the different time horizons will be compared.
The main conclusion of the study is that in the examined countries the chemical companies are characterized by a different capital structure policy and the composition of the explanatory variables show significant differences. The earlier formulated theories are only partially valid considering the examined sample, although beyond the involved index numbers the macro factors play a significant role in the explanation of the model as well
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
