New Articles – Finance

Capital Structure Analysis – Theories and Determinants Validation Based on Evidence from the Czech Republic

Jana Heckenbergerová, Irena Honková

The optimal capital structure is a key precondition for business, even though the task of defining the optimal capital structure can be difficult. Previous studies present many different and mutually contradictory factors that should be considered with respect to managerial strategic financial decisions. The first part of the presented contribution summarises the effects of the most frequent capital structure determinants and reviews the world’s most important theories about the behaviour of…

DOI (& full text): doi.org/10.15240/tul/001/2023-1-009 more

Sustainable Banking, Financial Strength and the Bank Lending Channel of Monetary Policy

María Cantero-Saiz, Begoña Torre-Olmo, Sergio Sanfilippo-Azofra

The aim of this article is to analyse how sustainable banking affects the transmission of monetary policy through the bank lending channel. We also quantify how these effects are determined by the financial strength of each bank. These objectives, which have not been studied previously, represent an important contribution because real sustainable concerns in banking did not emerged until recently, mainly with the adoption of the Sustainable Development Goals that should be reached by 2030.…

DOI (& full text): doi.org/10.15240/tul/001/2023-1-010 more