The article reviews a company's capital structure determinants in the BRIC countries. The authors reveal that formation of structure of companies' capital is determined by both intercompany factors (company size, its investment opportunities, etc.) and external determinants (the GDP growth rate of a country, rate of inflation and other factors). The external factors have not only direct, but also indirect impact on companies' capital structure and enhance or reduce the impact of internal factors.
Keywords: company capital structure, intercompany and external determinants, BRIC countries
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