Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019)

Enterprise Performance and Specific Financial Sources

Authors
Dagmar Čámská, Jiří Klečka
Corresponding Author
Dagmar Čámská
Available Online 30 March 2020.
DOI
10.2991/aebmr.k.200324.143How to use a DOI?
Keywords
leverage, insolvency, Czech Republic
Abstract

This paper is focused on specific capital sources used for financing of entrepreneurial activities. Classical sources contain equity in various forms and liabilities in a form of issued bonds, loans mainly provided by banks. In recent years there have been appearing more and more non-standard sources. These non-standard sources consist of the loans provided by individual owners, parent and daughter companies. There can be detected different incentives for this kind of behavior. Capital structure generally influences company’s stability, performance and determines financial (or leverage) risk. The aim of this paper is to compare insolvent companies and companies without existential difficulties. The comparison is conducted in a way of using special financial sources. The analysis is based on the data sample obtained from the corporate database Albertina. Ratio analysis describes the capital structure. The computed capital structure is summarized and evaluated by descriptive statistics. Obtained results prove if insolvent companies tend to use these specific sources more than the rest of companies.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
30 March 2020
ISBN
978-94-6252-941-0
ISSN
2352-5428
DOI
10.2991/aebmr.k.200324.143How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Dagmar Čámská
AU  - Jiří Klečka
PY  - 2020
DA  - 2020/03/30
TI  - Enterprise Performance and Specific Financial Sources
BT  - Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019)
PB  - Atlantis Press
SP  - 777
EP  - 781
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200324.143
DO  - 10.2991/aebmr.k.200324.143
ID  - Čámská2020
ER  -