D 2017

The Impact of Capital Structure on Profitability: An Empirical Analysis of Energy Sector in Czech Republic, Slovak Republic and Republic of Poland.

RŮČKOVÁ, Petra and René WOLNY

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

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50204 Business and management

Confidentiality degree

není předmětem státního či obchodního tajemství

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
Změněno: 7/2/2020 10:58, RNDr. Daniel Jakubík

Abstract

V originále

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.