Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147138
Authors: 
Bolek, Monika
Lyroudi, Katerina
Year of Publication: 
2015
Citation: 
[Journal:] e-Finanse: Financial Internet Quarterly [ISSN:] 1734-039X [Volume:] 11 [Year:] 2015 [Issue:] 4 [Pages:] 23-33
Abstract: 
This study investigates the relationship of the intellectual capital of a company (proxied by its intangible assets), with leverage and equity and capital structure. Our empirical results indicate that there is a negative relation between the intellectual capital (intangible assets) of a company and its leverage based on the Warsaw Stock Exchange main market and NewConnect alternative market. Moreover, the equity capital is found positively related to the level of intangibles in each of the two markets. These results support the thesis that intellectual capital (intangible assets) influences the capital structure of a company.
Subjects: 
intangible assets
intellectual capital
leverage
equity
JEL: 
G32
Persistent Identifier of the first edition: 
Document Type: 
Article

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