The Determinants of Capital Structure: Evidence from companies listed on the WIG20 index of the Warsaw Stock of Exchange

• Authors: Levi Nicolas
• Languages of publication: EN

Abstracts

EN

The paper investigates the relationship between capital structure and firm performance for the capital structure of listed companies in Poland. The main objective of this paper is to investigate which capital structure theories better describes the financing decisions in selected Polish companies traded on WIG20 index of the Warsaw Stock Exchange. The data come from consolidated financial statements audited of 14 companies of the WIG20.

PL

W artykule przedstawiono zależność między strukturą kapitału a korporacyjnymi wynikami struktury kapitałowej spółek giełdowych w Polsce. Głównym celem tego opracowania jest zbadanie, które teorie struktury kapitałowej lepiej opisują decyzje finansowe w wybranych polskich spółkach notowanych na Giełdzie Papierów Wartościowych w Warszawie i należących do indeksu WIG20. Dane pochodzą z konsolidowanych sprawozdań finansowych audytowanych 14 firm z indeksu WIG20.

Keywords

EN

Capital structure; credit; equity; financial choice; polish listed companies; Pecking Order Hypothesis; Poland; trade-of

PL

Struktura kapitału; kredyt; kapitał; kompromis; wybór finansowy; polskie spółki giełdowe; Polska; teoria hierarchii źrόdeł finansowania

• Publisher: Wyższa Szkoła Gospodarki Euroregionalnej im. Alcide De Gasperi w Józefowie
• Journal: Journal of Modern Science
• Year: 2017
• Issue: 4(35)
• Pages: 161-176

Dates

published

2017

Contributors

author

Levi Nicolas

• Wyższa Szkoła Gospodarki Euroregionalnej im. Alcide De Gasperi w Józefowie

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Identifiers

ISSN

1734-2031

DOI

10.5604/17307503