Capital Structure Theory in the Transport Sector: Evidence from Visegrad Group

Capital structure plays an important role in corporate finance, especially the period of restrictive monetary policy many developed countries. This paper aims to estimate debt ratio based on five selected financial indicators: tangibility, return assets, size total current ratio, and sales using multiple linear regression for four countries, such as Czech Republic, Hungary, Poland, Slovakia, well V4 region. The sample consists 3828 small- medium-sized enterprises from transport sector Central European area. These data are drawn Amadeus by Bureau van Dijk 2019. results show that three variables statistically significant all models. findings indicate companies prefer pecking order theory. We find increase reduce ratio. outputs provide new theoretical empirical knowledge regarding V4.