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    TitleConvergence of non-financial companies’ capital structure in Central and Eastern Europe
    Author infoPeter Krištofík, Lea Šlampiaková, Jana Fendeková
    Author Krištofík Peter 1971- (35%) UMBEF04 - Katedra financií a účtovníctva
    Co-authors Šlampiaková Lea 1992- (35%) UMBEF04 - Katedra financií a účtovníctva
    Fendeková Jana 1991- (30%) UMBEF04 - Katedra financií a účtovníctva
    Source document Ekonomický časopis : časopis pre ekonomickú teóriu, hospodársku politiku, spoločensko-ekonomické prognózovanie. Roč. 69, č. 3 (2021), s. 237-256. - Bratislava, 2021 : Ekonomický ústav Slovenskej akadémie vied
    Keywords sigma konvergencia - sigma convergence   nefinančné spoločnosti - non-financial companies   kapitálová vybavenosť   vlastný kapitál   úvery - pôžičky - credit   obchodné úvery - trade credits  
    Headings Geogr. Európa stredná a východná
    Form. Descr.články - journal articles
    LanguageEnglish
    CountrySlovak Republic
    AnnotationThis paper explores the convergence of financial systems in selected CEE countries, by examining the typical capital structure, and its convergence, of their non financial companies. It examines the sigma convergence of ratios of the most important financial liabilities to total financial liabilities. It focusses on those liabilities that constitute a significant part of total liabilities. These are equity and investment fund shares, bank loans, debt securities and trade credit. Using the Eurostat database, there is strong evidence for sigma convergence of equity and bank loans. This confirms the banking sector's key role in continental Europe. In contrast, debt securities and trade credit show only moderate convergence. The 2008 crisis led to increased variance for debt securities and trade credit.
    URL Link na plný text
    Public work category ADD
    No. of Archival Copy50494
    Catal.org.BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici
    Databasexpca - PUBLIKAČNÁ ČINNOSŤ
    ReferencesPERIODIKÁ-Súborný záznam periodika
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