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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název periodika

Socialiniai Tyrimai

ISSN

2351-6712

e-ISSN

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Svazek periodika

41

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

11

Strana od-do

101-111

Kód UT WoS článku

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EID výsledku v databázi Scopus

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