Finanse, Rynki Finansowe, Ubezpieczenia

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

ISSN: 2450-7741    OAI    DOI: 10.18276/frfu.2018.92-02
CC BY-SA   Open Access 

Issue archive / 2/2018 (92)
Struktura finansowania a wielkość przedsiębiorstw sektora produkcyjnego w Polsce w latach 2011-2016
(FINANCING STRUCTURE VERSUS THE SIZE OF THE COMPANIES OF THE MANUFACTURING SECTOR IN POLAND IN THE YEARS 2011-2016)

Authors: Jacek Barburski
Uniwersytet Ekonomiczny w Krakowie
Keywords: equity adequacy of capital – material damage rules of financing
Data publikacji całości:2018
Page range:13 (23-35)
Klasyfikacja JEL: G00 G21
Cited-by (Crossref) ?:

Abstract

Purpose – Study of the relationship between the structure of financing and the size of the companies of the manufacturing sector in Poland in the years 2011–2016 and evaluation on the structure of assets, capital and capital-assets. Design/methodology/approach – lining 13 000 enterprises up according to the growing asset value, the division on 1000 element subsets but next calculating financing structures for every subset with exploiting the value of the average weighted, using rates of the structure and rules of financing. Findings – Depending on the size of the companies specified by the value of total assets, significantly increasing the share of equity capital in total liabilities, mainly at the expense of decreasing shares of current liabilities. Originality/value – Demonstration of the relationship between the structure of financing and the size of the companies in the sample production sector 13 000 in Poland in the years 2011–2016.
Download file

Article file

Bibliography

1.Demirguc-Kunt, A., Maksimovic, V. (1995). Stock Market Development and Firm Financing Choices, The World Bank, Working paper.
2.Duliniec A. (2015). Wybór źródeł finansowania a optymalna struktura kapitału w przedsiębiorstwie. Zeszyty Naukowe Uniwersytetu Szczecińskiego, 855.
3.Domowitz, I., Glen, J., Madhavan, A. (2000). International Evidence on Aggregate Corporate Financing Decisions. International Finance Corporation. Working paper.
4.Glen, J., Pinto, B. (1994). Debt or Equity? How Firms in Developing Countries Choose? International Finance Corporation. Discussion paper no. 22.
5.Jerzemowska, M. (2013). Kształtowanie struktury kapitału w przedsiębiorstwie. W: Analiza ekonomiczna w przedsiębiorstwie, red. M. Jerzemowska. Warszawa: PWE.
6.Nawrot, W. (2007). Struktura finansowania przedsiębiorstw w Polsce na tle badań międzynarodowych. Gospodarka Narodowa, 7–8.
7.Rajan, R., Zingales, L. (1995). What do We Know about Capital Structure? Some Evidence from International Date. The Journal of Finance, 5 (50).
8.Sierpińska, M., Jachna, T. (2004). Ocena przedsiębiorstwa według standardów światowych. Warszawa: Wydawnictwo Naukowe PWN.
9.Singh, A., Hamid, J. (1991). Corporate Financial Structures in Developing Countries, International Finance Corporation. The World Bank Technical Paper, 1.