Impact of Selected Determinants on the Choice of Sources of Financing in the Energy Companies of the Visegrád Group

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F18%3A00011208" target="_blank" >RIV/47813059:19520/18:00011208 - isvavai.cz</a>

Result on the web

<a href="http://su.lt/index.php?option=com_content@view=article@id=16757@Itemid=17529@lang=en" target="_blank" >http://su.lt/index.php?option=com_content@view=article@id=16757@Itemid=17529@lang=en</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Impact of Selected Determinants on the Choice of Sources of Financing in the Energy Companies of the Visegrád Group

Original language description

Decision-making about capital structure is one of the basic decisions in each company, and therefore its analysis is the subject of this article. The importance of this theme corresponds to countless literature. This article aims to assess the impact of four determinants, selected by a review of earlier studies, on the choice of funding sources. The examined sample contains the energy companies of the Visegrád Group during the period 2009-2017. The data was obtained from Orbis and Eurostat database. The main research methods are correlation analyses and Generalized Method of Moments that are performed using EViews. The debt-equity ratio is used as the dependent variable. The independent variables are the growth rate of GDP, profitability, asset structure, and liquidity. For all countries, the influence of profitability on indebtedness was found. For Hungary, this relationship was negative, for remaining countries positive.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Socialiniai Tyrimai

ISSN

2351-6712

e-ISSN

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Volume of the periodical

41

Issue of the periodical within the volume

2

Country of publishing house

LT - LITHUANIA

Number of pages

11

Pages from-to

101-111

UT code for WoS article

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EID of the result in the Scopus database

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