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

Piotr Luty , Ilona Fałat-Kilijańska , Roman Vawrek

Abstract

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,,
-
Pages10-14
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
DOIDOI:10.15308/finiz-2018-10-14
Languageen angielski
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Luty_Falat-Kilijanska_Vavrek_The_ Optimal_ Capital_ Structure2018.pdf 360,77 KB
Score (nominal)5
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