Finanse, Rynki Finansowe, Ubezpieczenia

Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia

ISSN: 2450-7741    OAI    DOI: 10.18276/frfu.2017.1.85-23
CC BY-SA   Open Access 

Issue archive / 1/2017 (85)
Rola finansowania wewnętrznego w odniesieniu do teorii hierarchii źródeł finansowania na przykładzie małych i średnich przedsiębiorstw przetwórstwa spożywczego
(Th e Role Of Financing In Relation To Th e Th eory Of Peaking Or der Hierarchy On Th e Exampl e Of Sm all And Medium-Sized Enterpr ises From Food Processing Sector)

Authors: Magdalena Mądra-Sawicka
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: food processing compa internal financing order selection of the financing sources SME
Data publikacji całości:2017
Page range:11 (279-289)
Cited-by (Crossref) ?:

Abstract

The aim of the study is to assess the significance of the financing sources order hierarchy in relation to the level of internal capital in small and medium-sized enterprises from food processing sector. Financial data are from Main Statistical Office in Poland from F-02 form – non-financial corporations. The survey includes data for NACE section 10.0 and 11.0. The surveyed companies were categorized by increasing the level of financial surplus or decreasing deficit of these funds in relation to total assets. Entities with the highest level of financial surplus and the lowest deficits were evaluated in terms of groups PKD, due to the change in the value of equity and debt in relation to the value of assets and due to a level of long-term debt to the fixed assets. In the food-processing companies with a high level of financial deficit noticed higher debt level which determined the increase in assets value. In companies with the high financial surplus, entities conditioned their level of growth with the increase in equity. The results are a continuation study from the field of internal financing of non-financial enterprises, acting in the original value.
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