Business, Management and Accounting
6 years ago

Polish companies reduce debt by investing in fixed assets and profitability.

1 view
Eurasian studies in business and economics
Determinants of Enterprises’ Capital Structure in Poland: Evidence from Warsaw Stock Exchange
Leszek Czerwonka, Jacek Jaworski

Paper Summary

The article examines what factors influence how companies in Poland get money to run their businesses. They looked at data from 1998 to 2012 of companies listed on the Warsaw Stock Exchange. The study found that the type of assets a company has, how profitable it is, how much cash it has, and its size all affect how much debt it takes on. In Poland, short-term debt is more important for companies than long-term debt.

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