Capital Structure Impact On The Human Capital Investment: Eastern European Countries Case

Authors

  • Imen KHOUJA University of Tunis
  • Sina BELKHIRIA University of Tunis
  • Ons TLILI

DOI:

https://doi.org/10.14738/abr.98.10753

Keywords:

Capital structure, human capital investment, professional training, Eastern Europe, SMEs, Profit models.

Abstract

Among growth factors of a company, its human capital, because of its hardly imitable trait. However, investing in human capital is intangible and risky, which makes its funding arduous. This article considered the impact of the company’s capital structure on the human capital investment decision through training using probit regressions. Among a sample of SMEs from 24 Eastern European countries, the results confirmed that bank loans foster trainings. However, an increase in self-financing slows down such investments.

Author Biographies

Sina BELKHIRIA, University of Tunis

Assistant professor at the finance- acounting department of the High Institut of management of Tunis

Ons TLILI

Doctoral student at the finance-accounting department of the  High institute of management, University of Tunis

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Published

2021-09-05

How to Cite

KHOUJA, I., BELKHIRIA, S., & TLILI, O. . (2021). Capital Structure Impact On The Human Capital Investment: Eastern European Countries Case . Archives of Business Research, 9(8), 235–252. https://doi.org/10.14738/abr.98.10753

Issue

Vol. 9 No. 8 (2021): Archives of Business Research

Section

Articles

License

Copyright (c) 2021 Imen KHOUJA, Sina BELKHIRIA, Ons TLILI

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.