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Czasopismo
2015 | nr 3 | 253--298
Tytuł artykułu

Determinanty finansowania działalności przedsiębiorstw kredytem bankowym : metaanaliza

Warianty tytułu
Determinants of Bank Credit in Business Financing : Meta-Analysis
Języki publikacji
PL
Abstrakty
Celem opracowania jest przeprowadzenie metaanalizy badań wrażliwości finansowania kredytem bankowym na zmienne wynikające z teorii ekonomii. Uwzględniono w nim kierunki wpływu i statystyczną istotność zmiennych stosowanych w badaniach, w tym rentowność, strukturę aktywów oraz wielkość przedsiębiorstwa. Wykorzystano model logitowy w celu określenia cech modeli wpływających na istotność determinant finansowania kredytem bankowym. Wskazano, że liczba obserwacji oraz długość próby mają znaczenie przy szacowaniu wpływu rentowności na finansowanie kredytem bankowym. Im więcej obserwacji i im nowsze wyniki badań, tym większe prawdopodobieństwo, że zostanie uchwycony wpływ rentowności aktywów. Przy ocenie rentowności wielkość kredytu ma mniejsze znaczenie niż prawdopodobieństwo finansowania przez bank. Zaobserwowano ponadto dodatni wpływ roku publikacji oraz liczby obserwacji. W odniesieniu do wielkości przedsiębiorstwa istotny okazał się poziom rozwoju krajów objętych badaniem. W analizie krajów rozwiniętych bardziej prawdopodobne jest stwierdzenie istotnej zależności między wielkością firmy a jej finansowaniem się kredytem bankowym. (abstrakt oryginalny)
EN
The aim of this study is to conduct a meta-analysis of research on the sensitivity of bank loan financing to the determinants posited by economic theory. The statistical significance and direction of impact of variables commonly used in this field of research, such as profitability, structure of assets and the size of the company, was investigated. The study applied a logit model to identify those characteristics of the adopted research models which affect the measured significance of the determinants of bank loan financing. The results of the conducted analysis indicate that the number of observations and the duration of the time period under scrutiny are significant for the obtained estimates of the impact of corporate profitability on bank loan financing. The larger the number of observations (and the more up-to-date the study), the greater the likelihood that the influence of return on assets will be captured. Return on assets is less important for the size of the loan than for the probability of bank financing. With respect to the significance of the structure of assets, a positive impact of the year of publication and the number of observations was found. When analyzing the size of the enterprise the level of development of the surveyed countries turned out to be significant. In the case of the developed countries, it is more likely that a significant relationship between the size of the company and bank loan financing will be obtained. (original abstract)
Czasopismo
Rocznik
Numer
Strony
253--298
Opis fizyczny
Twórcy
  • Uniwersytet Warszawski
  • Uniwersytet Warszawski
  • Narodowy Bank Polski; Uniwersytet Warszawski
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171365887

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