Impact of hospital's profitability on structure of its liabilities

Agnieszka Bem , Paweł Prędkiewicz , Paulina Ucieklak-Jeż , Rafał Siedlecki


We have analysed the relationship between hospitals’ profitability ratios and debt. We have used data covering financial information from 333 hospitals (V4 group). The data was obtained from Amadeus-database. Methods used: ANOVA, t-Student test. We have found that contrary to the pecking order theory hospitals with low profitability show smaller use of debt in financing, which can limit access to both equity and debt capital
Author Agnieszka Bem (MISaF / IZF / KFPiM)
Agnieszka Bem,,
- Katedra Finansów Publicznych i Międzynarodowych
, Paweł Prędkiewicz (ES / DF)
Paweł Prędkiewicz,,
- Department of Finance
, Paulina Ucieklak-Jeż - Jan Dlugosz University in Czestochowa (UJD)
Paulina Ucieklak-Jeż,,
, Rafał Siedlecki (MISaF / IZF / KFPiZW)
Rafał Siedlecki,,
- Katedra Finansów Przedsiębiorstwa i Zarządzania Wartością
Publication size in sheets0.5
Book Bratianu Constantin, Zbuchea Alexandra, Pinzaru Florina, Vatamanescu Elena-Madalina, Leon Ramona-Diana (eds.): Strategica. Local versus Global. International Academic Conference. 3rd edition [dokument elektroniczny CD-ROM], 2015, SNSPA, Faculty of Management, ISBN 978-606-749-054-1, 757 p.
Keywords in Englishpecking order theory; hospitals; finance, debt
Languageen angielski
Score (nominal)15
Publication indicators WoS Citations = 5
Citation count*12 (2020-06-19)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.