Optimization of the Capital Structure of the Companies in Bulgaria (2011) – Technology and Practice   Cover Image

Оптимизация на капиталовата структура на фирмите в България (2011) – технология и практика
Optimization of the Capital Structure of the Companies in Bulgaria (2011) – Technology and Practice

Author(s): Andrey Zahariev
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: capital structure; optimization; BG40; Gordon model; CAPM; EPS; WACC

Summary/Abstract: The current survey aims to develop a technology for optimization of the capital structure of the Bulgarian firms based on empirical data in 2011. The study is an attempt to enlarge the researches in the field of the capital management under Bulgarian conditions. The resulted massive decapitalization of the Bulgarian stock exchange after 2008 introduce new, increased requirements towards the financial management in both tasks, firstly, in the construction of IPO’s, and secondly, in keeping the value of the company’s shares on levels, attractive for the institutional investors. The empirical results confirm the hypotheses for the existence of an applicable for the Bulgarian conditions technology for optimization of the capital structure of the Bulgarian firms.

  • Issue Year: 2012
  • Issue No: 01
  • Page Range: 47-82
  • Page Count: 36
  • Language: Bulgarian