Determinants of Capital Structure and Leverage in the Hotel Industry: A Case Study of the Republic of Serbia

Izdanje: Sitcon 2023 Managing The Future By Learning From The Past – Contemporary Trends In Tourism & Hospitality

DOI: 10.15308/Sitcon-2023-22-28

Oblast: Conference Paper

Stranice: 22-28

Apstrakt:
The paper examines the determinants of capital structure, i.e. level of the leverage of hotels operating in the Republic of Serbia. The study nvestigates the influence of six determinants that have been identified as significant according to the pecking order hypothesis and the static trade-off model. The research was conducted on a sample of 37 hotels from 2012 to 2022. The findings indicate that all determinants, except non-debt tax shields, have a statistically significant impact on the capital structure of hotels.
Ključne reči: structure capital, leverage, hotel industry, determinants, Republic of Serbia
Priložene datoteke:
Kategorije objave: Radovi na konferenciji SITCON 2023, Beograd, Srbija Radovi sa konferencija

Preuzimanje citata:

BibTeX format 
@article{article,
  author  = {D. Petrović and V. Lazarević}, 
  title   = {Determinants of Capital Structure and Leverage in the Hotel Industry: A Case Study of the Republic of Serbia},
  journal = {Sitcon 2023 Managing The Future By Learning From The Past – Contemporary Trends In Tourism & Hospitality},
  year    = 2024,
  pages   = {22-28},
  doi     = {10.15308/Sitcon-2023-22-28}
}
RefWorks Tagged format 
RT Conference Proceedings
A1 Duško Petrović
A1 Varvara Lazarević
T1 Determinants of Capital Structure and Leverage in the Hotel Industry: A Case Study of the Republic of Serbia
AD Univerzitet Singidunum, Beograd, Beograd, Srbija
YR 2024
NO doi: 10.15308/Sitcon-2023-22-28
Unapred formatirani prikaz citata
D. Petrović and V. Lazarević, Determinants of Capital Structure and Leverage in the Hotel Industry: A Case Study of the Republic of Serbia, Univerzitet Singidunum, Beograd, 2024, doi:10.15308/Sitcon-2023-22-28