التفاصيل البيبلوغرافية
| العنوان: |
THE INDEBTEDNESS OF COMPANIES LISTED ON THE WSE IN LIGHT OF THE HEALTH MARKET CRISIS. |
| المؤلفون: |
BOLEK, Monika monika.bolek@uni.lodz.pl, PLUSKOTA, Anna anna.pluskota@uni.lodz.pl, SOLIWODA, Michał michal.soliwoda@uni.lodz.pl |
| المصدر: |
Scientific Papers of Silesian University of Technology. Organization & Management / Zeszyty Naukowe Politechniki Slaskiej. Seria Organizacji i Zarzadzanie. 2024, Issue 204, p27-47. 21p. |
| مصطلحات موضوعية: |
*CONSUMER confidence, *FINANCIAL management, *DEBT management, *DEBT exchanges, *SOCIAL impact, *CAPITAL structure |
| الشركة/الكيان: |
WARSAW Stock Exchange |
| مستخلص: |
Purpose: The article aims to present the indebtedness and factors affecting it in the group of non-financial companies listed on the Warsaw Stock Exchange in light of the health market crisis (HMC) induced by the COVID-19 pandemic. Design/methodology/approach: Differences, correlations, the impact of variables on debt, and the stability of regression models were examined. Findings: No differences were found in debt in relation to assets and equity, but differences were identified in other areas of financial management related to capital structure theories. Research limitations/implications: The vaccine's introduction altered market dynamics. Future research should explore post-vaccine debt level trends and their alignment with value maximization or liquidity-driven risk minimization strategies. During the pandemic, risk reduction likely provided a comparative advantage over profit maximization, reducing capital costs without significantly harming value despite declining cash flow. This warrants further investigation. Practical implications: The study suggests adjusting debt management strategies according to economic conditions. Post-pandemic research should examine debt evolution, value maximization, and risk minimization, emphasizing stable performance indicators. Social implications: Stable debt levels enhance economic confidence among employees and consumers. Risk-averse corporate behavior during the pandemic likely preserved jobs. Corporations’ access to more debt may increase inequality, impacting job opportunities. Originality/value: The paper presents the application of capital structure theory by businesses to the health crisis. . The added value of the article is the inclusion of changes in the EPS level, which are related to value creation, and Altman's Z-Score, which shows the financial condition and solvency of the company in the light of changes in the market related to Covid-19. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |