Financial Constraints in Poland. The Role of Size and Political Connections

• Autorzy: Krzysztof Jackowicz , Łukasz Kozłowski , Paweł Mielcarz
• Języki publikacji: EN

Abstrakty

EN

This article investigates the phenomenon of financial constraints in investment activities. Using a data set covering 2001-2011, we established that, despite the institutional changes and the financial system development, Polish firms remain financially constrained by the internally available funds. Additionally, we explored the impact of size and political connections on financial constraints. Unexpectedly we found that the financial constraints are not affected by either the size or the type nor the strength of political connections.(original abstract)

Słowa kluczowe

EN

Financial limitations; Investment; Financial system

PL

Ograniczenia finansowe; Inwestycje; System finansowy

• Czasopismo: Argumenta Oeconomica
• Rocznik: 2016
• Numer: nr 1 (36)
• Strony: 225--239

Twórcy

autor

Krzysztof Jackowicz

• Kozminski University, Warsaw, Poland

autor

Łukasz Kozłowski

• Kozminski University, Warsaw, Poland

autor

Paweł Mielcarz

• Kozminski University, Warsaw, Poland

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Identyfikatory

DOI

10.15611/aoe.2016.1.09