How Particular Firm-Specific Features Influence Corporate Debt Level: A Case Study of Slovak Enterprises

Debt financing is related to borrowing funds from enterprises and investors through bonds, banks, or financial institutions. Interest in debt has been rapidly growing recent years now considered one of the most common ways an enterprise can increase its capital run business. However, use a large amount associated with management corporate indebtedness, requiring tracking entire performance company. The chief objective this study was determine assess indebtedness level operating Slovak Republic using 12 crucial ratios then clarify whether there are statistically relevant dissimilarities as result firm size legal form, representing company-specific features having impact on indebtedness. Subsequently, more elaborate analysis addressing between separate relation company form carried out by deploying nonparametric Kruskal–Wallis test. We leveraged Bonferroni correction specify where stochastic ascendancy occurs. test revealed significant values company, which confirmed previous results indicating determinants shaping debt. Recognizing repercussions policy plays important role, these may be perceived proxies for default likelihood volatility assets, making regulatory process creditors stakeholders straightforward. findings theories numerous researchers who claimed that critical aspects