Oceňování 2023, 16(1-2):27-39 | DOI: 10.18267/j.ocenovani.288

A More Detailed Analysis of Branch Standards in Terms of Debt Distribution and Target Capital Structure

Milan Hrdý
Katedra financí a oceňování podniku FFÚ VŠE Praha

The aim of this paper was to examine how the average debt, and thus the branch standard, is actually created. A simple hypothesis was expressed that a more significant cluster of enterprises with a certain narrower range of debt, preferably close to the average debt and branch standard, would be found only in some fields, certainly not in all. The hypothesis has not been confirmed. Not in any of the fields of Iron Production, Shoe Production, Machine Production, Motor Vehicles, Beverages Production, Electrical Equipment, Air Transport, Pharmacy, it was not possible to identify a significant group of enterprises that would be around the average debt and thus the branch standard.  This average indebtedness, and thus also the branch standard, is in virtually all cases made up of the average debt of all companies in the sample, with the largest groups of enterprises occurring in the area with the highest and lowest debt, respectively.

Keywords: Capital Structure; Optimizing; Branch Standards; Average Indebtedness.
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Článek je zpracován jako jeden z výstupů výzkumného projektu interního grantového systému FFÚ VŠE Praha IP 100040

Published: March 20, 2024  Show citation

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Hrdý, M. (2023). A More Detailed Analysis of Branch Standards in Terms of Debt Distribution and Target Capital Structure. Oceňování, 16(1-2), 27-39. doi: 10.18267/j.ocenovani.288
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