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Author
Drachal Krzysztof (Politechnika Warszawska)
Title
Analiza struktury kapitałowej spółek z sektora deweloperskiego
An Analysis of Capital Structure of Real Estate Companies
Source
Świat Nieruchomości, 2012, nr 3(81), s. 38-45, fot., rys., tab., bibliogr. 31 poz.
Keyword
Rentowność aktywów, Struktura kapitału, Przedsiębiorstwo deweloperskie, Spółki giełdowe
Return on assets (ROA), Capital structure, Development company, Stock market companies
Note
streszcz., summ.
Abstract
W artykule naszkicowano najpopularniejsze teorie kształtowania się struktury kapitałowej w firmach. Następnie zbadano, czy istnieje związek między rentownością spółki a jej poziomem zadłużenia. Osobno zbadano spółki zaliczane do sektora deweloperskiego, a jako grupę kontrolną wybrano spółki zaliczane do indeksu WIG 20. Okazało się, że bardziej rentowne spółki preferują własne źródła finansowania. Ponadto zadłużenie spółek z sektora deweloperskiego jest niższe niż średnia rynkowa. (abstrakt oryginalny)

The most common capital structure theories were presented in the paper. Next, it was examined for selected companies whether profitability is correlated with debt and equity ratio. The first analyzed group was composed of real estate companies. The second group was composed of companies listed on WIG 20 index. It was concluded that high profitability is connected with low debt. Moreover, on average, real estate companies have a higher share of equity in total liabilities than an average market company. (original abstract)
Accessibility
The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics
Bibliography
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ISSN
1231-8841
Language
pol
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