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Conceptual Framework for Lending Money Outside Business Groups: Evidence from Poland

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dc.abstract.enThis paper builds a framework for the study of the provision of loans by non-financial companies outside business groups. This framework aims to show the role of cash holdings in providing loans by non-financial companies and constitutes the background for future research of this phenomenon. We provide evidence of the use of cash holdings for loans provision outside business group on the basis of Polish case. In this purpose, we apply the General Method of Moments (GMM) approach. Our findings confirm, that non-financial private companies provide loans outside the business groups with the use of cash holdings retrieved from bank loans and cash flows. We contribute to the literature by indicating that in addition to the common use of cash holdings for financial flexibility and the internal capital market created inside business groups—enterprises’ access to finance in transition economies could be also improved by loans provided by non-financial companies with the use of cash holdings.
dc.affiliationUniwersytet Warszawski
dc.conference.countryPolska
dc.conference.datefinish2018-09-27
dc.conference.datestart2018-09-26
dc.conference.placeWrocław
dc.conference.series4th Wrocław Conference in Finance Contemporary Trends and Challenges
dc.conference.series4th Wrocław Conference in Finance Contemporary Trends and Challenges
dc.conference.shortcutWROFIN
dc.contributor.authorFaff, Robert
dc.contributor.authorBiałek-Jaworska, Anna
dc.contributor.authorSantos, Dominika Gadowska-Dos
dc.date.accessioned2024-01-24T19:53:07Z
dc.date.available2024-01-24T19:53:07Z
dc.date.issued2019
dc.description.financeNie dotyczy
dc.identifier.doi10.1007/978-3-030-15581-0_7
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/103499
dc.languageeng
dc.pbn.affiliationeconomics and finance
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.titleConceptual Framework for Lending Money Outside Business Groups: Evidence from Poland
dc.typeJournalArticle
dspace.entity.typePublication