Samofinansowanie działalności w przedsiębiorstwach rolniczych
Self-financing in Agriculture Enterprises Performance

Summary/Abstract: The aim of this study was to evaluate the factors affecting the level of self-financing on the example of agricultural enterprises . The study also presents a literature review in range of the role of self-financing with a reference to the theory of capital structure. The Author selected agricultural enterprises that were operating in the research period 2006–2012. The analyzed entities were single company’s of Agricultural Property Agency, and companies that were fully acquired by natural and legal persons. The level of selffinancing in agricultural enterprises was strongly determined by the assets profitability and the possibility of obtaining the long-term financing for investment purposes. The added value of conducted surveys was identification of the determinants of self-financing with respect to financial surplus and depreciation, funds from the sale of assets and financing gained from the accelerated rotation of capital.

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