The Relationship between Debt and Equity in Social Economy Organizations – Polish Case

Grzegorz Michalski

Abstract

In that paper is presented the model based on data about debt to equity relationship, collected from 5500 Polish social economy organizations in comparison to data from over 112000 European social economy organizations. Capital structure is an indicator that testify about level of financial risk. Polish social economy entities covered by Amadeus database, reports different debt to whole capital relationship customs. The levels of debt to whole capital reported in financial statements covered by Amadeus database in social economy entities in V4 and European countries were higher in the time financial risk 2007 - 2012 period than in Polish social economy entities. Polish social economy organizations are important part of general social policy in Polish economy. They realize important aims in healthcare, in education and many other socially important areas. Considering efficiency of social economy organizations, should be remembered that from the donor perspective, is important the way the managing team uses resources of the social economy organization and if it is used in the most effective way. The social economy organization efficiency should be considered in the context of the risk. The one from the most important way to be out from business is the debt to equity relation. In paper are considered relations between debt measures and efficiency measures. That relation is also illustrated for Polish social economy organizations data.
Author Grzegorz Michalski (EaE / IES / DLaC)
Grzegorz Michalski,,
- Department of Labor and Capital
Pages391-400
Publication size in sheets0.5
Book Nesleha Josef, Hampl Filip, Svoboda Miroslav (eds.): European Financial Systems 2018. Proceedings of the 15th International Scientific Conference, 2018, Masaryk University, ISBN 9788021089808, [9788021089815], 865 p.
Keywords in Englishequity, capital structure, nonprofit organizations, efficiency of social economy organizations
URL https://is.muni.cz/do/econ/sborniky/2018/Proceedings_first_draft_July_26_13_45.pdf
Languageen angielski
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Michalski_The_Relationship_Between_Debt_And_Eqiuty.pdf 961,96 KB
Score (nominal)15
ScoreMinisterial score = 15.0, 02-07-2019, ChapterFromConference
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