FINANCIAL LEVERAGE-THE INVESTOR'S PERSPECTIVE

被引：0

作者：

Marszalek, Jakub ^{[1
]}

Sekula, Pawel ^{[1
]}

机构：

[1] Univ Lodz, PL-90237 Lodz, Poland

来源：

6TH INTERNATIONAL SCIENTIFIC CONFERENCE BUSINESS AND MANAGEMENT 2010, VOLS I AND II | 2010年

关键词：

financial leverage; financial management; stock exchange; investment; profitability;

D O I：

10.3846/bm.2010.017

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

One of the most important decisions in the financial management is the proper level of debt used in company's financing. Too much debt may cause doing business too risky, but on the other hand avoiding the debt makes the company's development slower. Usually higher level of debt means the better opportunities for growth of the company. The goal of this paper is to describe the relation between the financial leverage level used by the companies listed on Warsaw Stock Exchange and the rate of return gained by their investors. The impact of the debt level on the company's results, focused on financial liquidity and efficiency, is also taken into consideration to explain the investors' choices.

引用

页码：118 / 124

页数：7

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