Sources of Investment Finance in Firms in Slovakia

Article English OPEN
Mikócziová Jana;
(2010)
  • Publisher: Tomas Bata University in Zlín
  • Journal: Journal of Competitiveness (issn: 1804-171X, eissn: 1804-1728)
  • Publisher copyright policies & self-archiving
  • Subject: investment | sources of finance | pecking order theory | information asymmetry | retained earnings | Business | HF5001-6182

Based on results of the EBRD-World Bank “Business Environment and Enterprise Performance Survey” (BEEPS), the paper provides an explanation of why firms in Slovakia finance the most of their new investments with retained earnings, followed by bank debt, trade credit and... View more
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