Rola finansowania wewnętrznego w odniesieniu do teorii hierarchii źródeł finansowania na przykładzie małych i średnich przedsiębiorstw przetwórstwa spożywczego
The Role Of Financing In Relation To The Theory Of Peaking Order Hierarchy On The Example Of Small And Medium-Sized Enterprises From Food Processing Sector

Summary/Abstract: The aim of the study is to assess the significance of the financing sources order hierarchy in relationto the level of internal capital in small and medium-sized enterprises from food processing sector. Financialdata are from Main Statistical Office in Poland from F-02 form – non-financial corporations. The surveyincludes data for NACE section 10.0 and 11.0. The surveyed companies were categorized by increasing thelevel of financial surplus or decreasing deficit of these funds in relation to total assets. Entities with the highestlevel of financial surplus and the lowest deficits were evaluated in terms of groups PKD, due to the changein the value of equity and debt in relation to the value of assets and due to a level of long-term debt to the fixedassets. In the food-processing companies with a high level of financial deficit noticed higher debt level whichdetermined the increase in assets value. In companies with the high financial surplus, entities conditionedtheir level of growth with the increase in equity. The results are a continuation study from the field of internalfinancing of non-financial enterprises, acting in the original value.

• Details
• Contents