Debt ratio analysis of European manufacturing companies. Results of empirical research
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2012, Vol 2012, Issue 67
Abstract
The aim of this paper is to present the results of analysis of debt ratio values in the manufacturing sector of public companies from European Union selected member states. The empirical material consists of 4399 single observations from the following countries: Finland, France, Germany, Greece, Italy, Lithuania, Latvia, the Netherlands, Poland, Romania, Slovakia, and the UK for the period 2000–2007. Debt ratio analysis was conducted at the level of different countries, groups of countries (old and new EU member states) and then compared with debt levels of Polish companies. The paper also presents analysis of dynamics and country classification in terms of debt ratio values. Debt ratios of companies coming from 13 EU member states have different values and change their values in different directions.
Authors and Affiliations
Marcin Kędzior
Keywords
Related Articles
- EP ID EP53619
- DOI -
- Views 120
- Downloads 0
Shaping public finance accounting and budgeting system in accordance with political regime radical change: evolution not revolution in Poland 1918-2015
In the wake of the 2007–2008 financial crisis, long-term tendencies to enhance public sector structures, mechanisms, and methods of accountability seemed to increase, at least within the EU. This crisis afflict-ed Poland...
Disclosure of risk areas and factors in the reports on the activities of listed companies – observations regarding changes in legal regulations
The aim of the paper is to present the results of empirical research on the changes in the scope of risk disclosures, expected in the year 2017 as a result of significant changes in accounting regulations. The results of...
Auditing as an element of corporate governance system
This article argues that auditing is not merely a technical tool for verification of financial state-ments but a very important element of the efficient governance system. Auditing has emerged not as a response of regula...
Responsibility of supervisory boards for financial statements – the practice of Polish public companies
The article is connected with the supervisory board’s responsibility for ensuring that the financial statements and activity reports are prepared in compliance with the Accounting Act. It presents the results of a review...
Ethics in the profession of management accountants in literature and education in Poland
The purpose of this article is to verify how the scientific community supports the management account-ants in emphasizing high ethical requirements expected of the profession. The article presents issues relating to ethi...