Leszek Czerwonka
Summary
The article analyzes the relationship between the capital structure of companies and selected factors, such as liquidity, the amount of fixed assets, company size, or profitability. It is also examined whether these relations can serve as support for the pecking order theory or the static trade-off theory. The study was based on analysis of a panel of companies listed continuously on the Warsaw Stock Exchange in the years 1998-2013.
The capital structure of Polish companies in the light of selected theories
Article