RŮČKOVÁ, Petra and René WOLNY. The Impact of Capital Structure on Profitability: An Empirical Analysis of Energy Sector in Czech Republic, Slovak Republic and Republic of Poland. In Proceedings of 20th International Scientific Conference Enterprise and Competitive Environment. Brno: Mendel University in Brno, 2017. p. 721 - 730. ISBN 978-80-7509-499-5.
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Basic information
Original name The Impact of Capital Structure on Profitability: An Empirical Analysis of Energy Sector in Czech Republic, Slovak Republic and Republic of Poland.
Authors RŮČKOVÁ, Petra (203 Czech Republic, belonging to the institution) and René WOLNY (203 Czech Republic).
Edition Brno, Proceedings of 20th International Scientific Conference Enterprise and Competitive Environment, p. 721 - 730, 10 pp. 2017.
Publisher Mendel University in Brno
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50204 Business and management
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
RIV identification code RIV/47813059:19520/17:00010996
Organization unit School of Business Administration in Karvina
ISBN 978-80-7509-499-5
Keywords in English profitability; debt resources; return on equity; return on assets; GMM
Changed by Changed by: RNDr. Daniel Jakubík, učo 139797. Changed: 7. 2. 2020 10:58.
Abstract
The influence of the capital structure on profitability of companies is investigated in this contribution. Based on the theoretical research, debt resources have a significant impact on the profitability of companies. Considering fundraising in the Czech Republic, where companies are financing their activities primarily from the banking sector, the debt sources must be gained by the best possible conditions. This is supported besides by the trade-off theory. Based on previous studies and realized analyses the aim of the paper is to find out answer to question, whether there is any dependence between profitability and debt financing sources of Energy Sector companies in the Czech Republic, Slovak Republic and Republic of Poland in period 2007 - 2014. GMM is main method for our analysis and data have been taken from Amadeus database.
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