Modele zadłużenia małych i średnich przedsiębiorstw - z perspektywy dekoniunktury gospodarczej

• Autorzy: Justyna Franc-Dąbrowska , Małgorzata Porada-Rochoń

Warianty tytułu

Models of Debt of Small and Medium Sized Enterprises from the Perspective of the Economic Downturn

• Języki publikacji: PL

Abstrakty

W warunkach kryzysu finansowego hamulcem rozwoju przedsiębiorstw oraz często przyczyną ich bankructwa jest utrudniony dostęp do obcych źródeł finansowania, a więc zmianie ulega model zadłużenia podmiotów gospodarczych. Zdolność do terminowego regulowania zobowiązań bieżących oraz swoboda w kształtowaniu struktury kapitału stanowią warunki niezbędne do utrzymania się przedsiębiorstw na rynku. Podjęto więc wyzwanie określenia modelu zadłużenia małych i średnich przedsiębiorstw, z uwzględnieniem perspektywy dekoniunktury gospodarczej (kryzysu finansowego). (fragment tekstu)

EN

The paper presents the developed and analyzed models of debt of small and medium sized enterprises in the economic downturn. Research hypothesis was verified: the financial crisis determinants debt levels are components of working capital, which was verified on a sample of 72 SMEs (balanced panel of 288 individuals), using data from the years 2006-2009. It was found that under conditions of economic downturn, factors relevant for the duration of firms in the market and its development is to develop an appropriate level of debt. Presented to management for small and medium enterprises recommendations for making careful decisions in the management of working capital (and thus attention to ensure the financial liquidity) and the maintenance of the assets and equity at a level that ensures the behavior of financial security. (original abstract)

Słowa kluczowe

PL

Kryzys finansowy; Małe i średnie przedsiębiorstwa; Zadłużenie przedsiębiorstwa; Finanse przedsiębiorstwa; Wynik finansowy; Modele zadłużenia; Badanie przedsiębiorstw

EN

Financial crisis; Small business; Company indebtedness; Enterprise finance; Financial performance; Indebtedness models; Enterprises study

• Czasopismo: Przegląd Organizacji
• Rocznik: 2012
• Numer: nr 7
• Strony: 31--35

Twórcy

autor

Justyna Franc-Dąbrowska

• Szkoła Główna Gospodarstwa Wiejskiego w Warszawie

autor

Małgorzata Porada-Rochoń

• Uniwersytet Szczeciński

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