Macroeconomic Determinants of Corporate Debt: Evidence from North Macedonia

Odzaklieska, Dragica and Hristoski, Ilija and Spaseska, Tatjana (2024) Macroeconomic Determinants of Corporate Debt: Evidence from North Macedonia. In: XXIX International Conference on Strategic Management and Decision Support Systems in Strategic Management (SM 2024), May 17-18, 2024, Subotica, Serbia.

Text SM2024_Proceedings_pp_49-56.pdf Download (430kB)

Abstract

Several important factors affect the financing of companies in North Macedonia today. The paper aims to explore how the Gross Loans to Non-Financial Sector / GDP ratio depends on the Inflation Rate, the Interest Rate of Non-financial Sector Loans, and the GDP. Based on the secondary data (quarterly time series) obtained from credible sources covering the period from 2015:Q1 to 2023:Q3, we employ the Auto-Regressive Distributed Lag (ARDL) approach to examine both the short- and long-run dependencies. The results confirm the statistically significant impact of the regressors on the dependent variable.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Economics
Depositing User:	Prof. Dr. Ilija Hristoski
Date Deposited:	23 Jul 2024 12:32
Last Modified:	23 Jul 2024 12:32
URI:	https://eprints.uklo.edu.mk/id/eprint/10118

Actions (login required)

View Item