Debt policy of companies in Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F19%3A00006852" target="_blank" >RIV/46747885:24310/19:00006852 - isvavai.cz</a>
Result on the web
<a href="https://www.jois.eu/files/15_835_Stryckova.pdf" target="_blank" >https://www.jois.eu/files/15_835_Stryckova.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.14254/2071-8330.2019/12-3/15" target="_blank" >10.14254/2071-8330.2019/12-3/15</a>

Result language
angličtina
Original language name
Debt policy of companies in Czech Republic
Original language description
The paper deals with the debt policy of companies in the Czech Republic, focusing on the factors affecting the appropriate amount of debt and their debt policy in general. The aim of this contribution is to reveal dominant factors affecting companies in their debt policy decisions and to analyse the possible impact of selected classifying factors on firms' responses. The findings of this article are based on a questionnaire survey conducted in 2016 and the subsequent statistical analysis of responses. The most important factors affecting the appropriate amount of debt proved to be financial flexibility and the volatility of earnings and cash flows. For deciding on debt policy, the most important factor was an insufficiency of internal funds. Statistical analysis revealed several differences in response to debt-policy questions according to the legal form of business, the industrial sector, the company size, and the origin of capital.
Czech name
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Czech description
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Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance

Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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