The impact of financial system on corporate capital structure in the Czech Republic and in Slovakia

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002704" target="_blank" >RIV/47813059:19520/14:#0002704 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
The impact of financial system on corporate capital structure in the Czech Republic and in Slovakia
Original language description
Within a financial system there are various ways how to allocate sources of financial backing. In the bank-oriented system the theory usually speaks of a less developed capital market, free finance sources are allocated mainly by long-term and short-termcredits from banks and other deposit institutions. In this type of financial system, banks usually have a majority share in companies and it also holds true that the equity capital is used much less for financing and therefore, the debt/equity ratio ishigher. The aim of the paper is to verify whether bank credits in the bank systems of the Czech and Slovak Republics have a predominant status from the view of external finance sources and thus they accomplish the core of bank-oriented system. The analysis will be extended by testing of the impact of return on really used external finance sources on the sample of companies in the processing industry of both countries. The paper uses methods of deduction, comparative research resulting fr
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 8th International Conference on Currency, Banking and International Finance
ISBN
978-80-225-4034-6
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
323-333
Publisher name
Ekonóm
Place of publication
Bratislava
Event location
Bratislava
Event date
Sep 10, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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