Are there differences in the use of debt capital in enterprises of different size?

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Are there differences in the use of debt capital in enterprises of different size?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Are there differences in the use of debt capital in enterprises of different size?

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název periodika

International Journal of Monetary Economics and Finance

ISSN

1752-0479

e-ISSN

—

Svazek periodika

13

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

14

Strana od-do

163-176

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85087623678