Determinanty zmian zapasów w sektorze polskich przedsiębiorstw niefinansowych - wyniki empiryczne

• Autorzy: Małgorzata Pawłowska , Piotr Popowski , Agnieszka Sawicka , Izabela Tymoczko

Warianty tytułu

Determinants of Inventory Investment in the Polish Non-Financial Sector - Empirical Evidence

• Języki publikacji: PL

Abstrakty

W opracowaniu przedstawiono przegląd podstawowych teorii zmian zapasów w przedsiębiorstwach. Zarysowano główne tendencje w zakresie kształtowania się zapasów w populacji polskich przedsiębiorstw w latach 1995-2005. Przeanalizowano kształtowanie się zapasów na tle zmian PKB (obejmujące okres 1995-2005). Zaprezentowano wyniki badania panelowego, przeprowadzonego na indywidualnych danych kwartalnych ze sprawozdań finansowych przedsiębiorstw F01 GUS (obejmujące lata 2002-2005). Na podstawie tego badania zidentyfikowano czynniki decydujące o zmianie zapasów w polskich przedsiębiorstwach.

EN

This paper investigates the behaviour of inventory investment in Poland both at the macro and the micro level over the business cycle and tries to find determinants of inventory investment of Polish firms. The analysis presented in this paper is based on quarterly panel data (F01 CSO) and survey data accumulated by the NBP. This paper finds that inventory investment is a procyclical component of output over the business cycle in Poland. Furthermore, based on panel data analysis, this paper finds positive correlations between inventory investment and sales for all types of inventories (accelerator effect) and that inventory behaviour is affected by expectation of holding gains. Additionally, panel data analysis shows that cash flows constitute an important determinant of inventory behaviour and finds finance constraints in small firms in Poland.(original abstract)

Słowa kluczowe

PL

Cykl koniunkturalny; Zapasy; Finansowanie przedsiębiorstwa; Modele ekonometryczne

EN

Business cycles; Inventories; Financing enterprises; Econometric models

• Czasopismo: Bank i Kredyt
• Rocznik: 2007
• Numer: nr 1
• Strony: 19--39

Twórcy

autor

Małgorzata Pawłowska

autor

Piotr Popowski

autor

Agnieszka Sawicka

autor

Izabela Tymoczko

Bibliografia

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