Analiza sektorowych uwarunkowań pojemności zadłużeniowej przedsiębiorstw – empiryczna weryfikacja modelu LKL
Analysis of sector determinants of debt capacity – empirical verification of LKL model

Summary/Abstract: Debt capacity issues are discussed in this paper, especially the determinants of using debt financing resulting from sector classification are analyzed. On the bases of up to date literature review it can be stated that there are many factors influencing debt capacity. Sector classification is one of the main, analyzed determinants. The purpose of the article is to analyze sector determinants in debt financing. The research was conducted on the representative trial of non−financial companies from 13 sectors from Great Britain in 2006−2010. The results of maximum debt capacity calculations on the basis of LKL model were compared with basic debt and debt servicing ratios.

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