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Autor
Kędzior Marcin (Uniwersytet Ekonomiczny w Krakowie), Słomiany Wiktoria (Heineken Company)
Tytuł
Czynniki kształtujące strukturę kapitału banków w warunkach szoku zewnętrznego. Wyniki badań empirycznych z Europy Centralnej w okresie pandemii COVID-19
Factors Shaping the Capital Structure of Banks in the Conditions of External Shock : Results of Empirical Research from Central Europe During the Covid-19 Pandemic
Źródło
Bank i Kredyt, 2024, nr 6, s. 759-783, tab., bibliogr. s. 778-781
Bank & Credit
Słowa kluczowe
Struktura kapitału, COVID-19, Sektor bankowy
Capital structure, COVID-19, Banking sector
Uwagi
Klasyfikacja JEL: G32, G2, G01
streszcz., summ.
Kraj/Region
Europa Środkowa
Central Europe
Abstrakt
Celem artykułu była analiza zadłużenia i jego najważniejszych czynników, ze szczególnym uwzględnieniem wpływu pandemii COVID-19, w bankach z wybranych krajów Europy Centralnej. W artykule przedstawiono wpływ pandemii COVID-19 na sektor bankowy, w tym na wybory dotyczące struktury finansowania. Zweryfikowano determinanty struktury kapitałowej banków. Są to: wielkość banku, stopa zwrotu z aktywów, wypłata dywidendy, udział rzeczowych aktywów trwałych, płynność finansowa, dywersyfikacja działalności, inflacja, wzrost gospodarczy oraz status spółki publicznej. Ponadto analizie poddano najważniejsze teorie struktury kapitału na przykładzie banków z Europy Centralnej. Materiał empiryczny zweryfikowano za pomocą regresji liniowej. (abstrakt oryginalny)

The Covid-19 pandemic has affected many areas of operation of business entities. The financial situation of banks has been particularly tested. Many countries experienced a recession, high inflation rates, and increased unemployment. Therefore, the negative impact of the macroeconomic environment on banking activities has significantly increased. The deterioration of the financial situation of bank customers, both households and enterprises, should result in a reduction in bank lending. The results of empirical research verifying the impact of the Covid-19 pandemic on the debt of Central European banks should be assessed as one of the first studies in the literature. Among the analysed variables affecting the capital structure, the following should be considered innovative: Covid-19, business diversification and dividend policy, which have not been subject to verification, especially in Central European countries. Similarly, the verification of the usefulness of selected capital structure theories in Central European banks during the Covid-19 pandemic should be similarly assessed. The aim of the article was to verify debt and the factors shaping it, with particular emphasis on the impact of Covid-19 in banks from selected Central European countries. Among the more specific objectives, empirical verification of bank debt in the period preceding the Covid-19 pandemic and during the Covid-19 pandemic was distinguished. The internal factors subjected to empirical verification included profitability, dividend payout ratio, share of property, plant and equipment, financial liquidity, diversification of activities, and status of the listed company, while the macroeconomic factors included economic growth, inflation and the impact of the Covid-19 pandemic. The most important hypothesis of the article is the negative impact of the Covid-19 pandemic on the capital structure of selected banks from Central Europe. The analysis covered banks from Poland, the Czech Republic and Hungary. All of the above-mentioned countries belong to the European Union, so they are subject to similar regulations regarding banking activities and similar capital requirements. The empirical material covers the years 2017-2022 and includes periods before and during the Covid-19 pandemic. Linear regression was used to analyse the empirical material. (short original abstract)
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Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
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ISSN
0137-5520
Język
pol
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