The Optimal Capital Structure for Polish Acquiring Companies – the Production Sector

Piotr Luty , Ilona Fałat-Kilijańska , Roman Vawrek


The paper explores the viability of a theoretical construct of an optimal structure of financing for Polish receiving companies in preparation for their acquisitions. The study was based on a sample of Polish receiving companies operating in the production sector in the period of 2002 – 2013 and applied to periods of 1 year prior to the planned merger or acquisition. The research employed instruments of statistical analysis, with focus on linear and multinomial regression. The findings seem to confirm the utility of a theoretical construct representing a structure of capital deemed optimal to ensure an increase in asset operating profitability
Author Piotr Luty (ES / DF)
Piotr Luty,,
- Department of Finance
, Ilona Fałat-Kilijańska (ES / DF)
Ilona Fałat-Kilijańska,,
- Department of Finance
, Roman Vawrek - Presov University
Roman Vawrek,,
Publication size in sheets0.5
Book Milovan Stanisic, Stanisic Svetlana, Stanisic Nemanja (eds.): The Role of Financial and Non-Financial Reporting in Responsible Business Operation. Book of proceedings Singidunum University International Scientific Conference, 2018, Singidunum University, ISBN 9788679126894, 122 p.
Keywords in Englishmergers, acquisition, capital structure, leverage
Languageen angielski
Luty_Falat-Kilijanska_Vavrek_The_ Optimal_ Capital_ Structure2018.pdf 360,77 KB
Score (nominal)5
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