Český finanční a účetní časopis 2013(2):74-83 | DOI: 10.18267/j.cfuc.341
Optimizing of the Capital Structure of the Concrete Enterprise and Branch Standards
- Doc. Ing. Milan Hrdý, Ph.D. - vedoucí katedry; Katedra financí a účetnictví, Soukromá vysoká škola ekonomická Znojmo, Loucká 656/21, 669 02 Znojmo; <hrdy@svse.cz>; docent; Katedra financí a oceňování podniku, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <hrdy@vse.cz>.
The contribution deals with the role of the branch standards in the process of the optimizing of the capital structure of the concrete firm. The enterprises can use the branch standards available and adjust their indebtedness on this level besides the process of the active optimizing. The problem however lies in the identification of these branch standards. The branch standards in the seventeenth areas were analyzed from the point of view of the Czech Republic, the U.S.A., of the world and of the Europe. Even if the results in the single areas were different, it is possible to generalize that the indebtedness of the firms in the Czech Republic is in general higher than it is in the U.S.A., in Europe, and in total in the world. The reason could lie in the relatively great benevolence in the area of the offers of the bank loans in previous periods. The next interesting conclusion arises from the findings out that the indebtedness from the market values is lesser than from the accounting values, which demonstrates the higher market value than the accounting value. The maximum values were recommended for the indebtedness of the enterprises in the Czech Republic on the basis of the above mentioned data. The procedure of the solution was identified in three groups according to the differences in the single values of indebtedness in the concrete spheres.
Keywords: Capital Structure; Enterprise; Optimizing; Branch Standards.
JEL classification: G39, H25
Published: June 1, 2013 Show citation
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Go to original source... - Hrdý, M. (2011): Optimalizace kapitálové struktury konkrétního podniku věc teoreticky či prakticky možná? Český finanční a účetní časopis, 2011, roč. 6, č. 1, s. 19-32. Go to original source...
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