Analysis of the debt burden in Russian economy sectors

Svetlana Popova, Nataliya Karlova, Alexey Ponomarenko, Elena Deryugina
2017 Russian Journal of Economics  
This paper provides an analysis of the debt burden of Russian companies and raises the issue of debt-level heterogeneity across economic sectors. To identify the causes of this heterogeneity, it estimates a regression model that includes both fundamental exfully explain the variation in the debt levels of companies in different sectors. According between fundamental factors and companies' debt levels. An understanding of the formation process and structure of debt burden in individual
more » ... ndividual industries is extremely important reserved. debt burden, capital structure, sector analysis, microdata of Russian companies, emerging
doi:10.1016/j.ruje.2017.12.005 fatcat:jugh5qkzmjhg3footrh3m3e7bq