Are there differences in the use of debt capital in enterprises of different size?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F20%3AA0000143" target="_blank" >RIV/47813059:19520/20:A0000143 - isvavai.cz</a>
Result on the web
<a href="https://www.inderscience.com/info/inarticle.php?artid=107698" target="_blank" >https://www.inderscience.com/info/inarticle.php?artid=107698</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1504/IJMEF.2020.107698" target="_blank" >10.1504/IJMEF.2020.107698</a>
Alternative languages
Result language
angličtina
Original language name
Are there differences in the use of debt capital in enterprises of different size?
Original language description
The paper deals with the influence of selected determinants on the rate of external financing sources use. The reason for issuing this topic is the fact that the literature declares different opportunities for funds being drawn from the financial market by enterprises of different size. The aim of this paper is, based on the chosen determinants, to assess whether there exist differences in debt capital usage as it comes to chosen enterprises of different size in CEE countries. Emphasis is placed on the differences between medium-sized and large-sized enterprises. The analysis involves an impact of capital price, total rate of return and fixed assets ratio on debt usage expressed by debt/equity ratio. As for methodology, the panel regression by GMM method is used. The results of the analysis show the preference of the pecking order theory for large enterprises. For medium-sized enterprises, the results were not clear.
Czech name
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Czech description
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Classification
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
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Monetary Economics and Finance
ISSN
1752-0479
e-ISSN
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Volume of the periodical
13
Issue of the periodical within the volume
2
Country of publishing house
CH - SWITZERLAND
Number of pages
14
Pages from-to
163-176
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85087623678