Ekonomické rozhľady/Economic Review 4/2025

FINANCIAL AND ASSET STABILITY IN RELATION TO CAPITAL STRUCTURE: EVIDENCE FROM INDUSTRY-BASED COMPARISONS

LEA ŠLAMPIAKOVÁ - NATÁLIA SLAMKOVÁ LETRÍKOVÁ

 

https://doi.org/10.53465/ER.2644-7185.2025.4.208-234

 

Abstract: This study aimed to analyse differences in capital structure, financial leverage, and current liquidity among Slovak companies operating in three distinct sectors: innovation-driven Information Technology, capital-intensive Food Processing, and service-intensive Advertising and Marketing. Descriptive statistics and non-parametric Mann-Whitney U tests revealed statistically significant differences. Firms in the Information Technology sector exhibited lower financial leverage, indicating less reliance on external financing, and higher current liquidity, consistent with a more flexible asset structure nominated by current assets and a higher proportion of equity financing. Conversely, the Food Processing sector showed higher indebtedness and lower liquidity, likely due to greater investments in long-term tangible assets and a higher share of short-term liabilities. The findings confirm that differences in capital and asset structures create varying conditions for financial stability and liquidity across sectors.

Keywords: capital structure, financial leverage, current liquidity, financial stability

JEL Classification: G30, G32, D22

Fulltext: PDF

Online publication date: 19 December 2025

 

To cite this article (APA style):

Šlampiaková, L., Slamková Letriková, N. (2025). Financial and asset stability in relation to capital structure: Evidence from industry-based comparisons. Economic Review, 54(4), 208 ─ 234. https://doi.org/10.53465/ER.2644-7185.2025.4.208-234

 

Publisher: Bratislava University of Economics and Business | EUBA

ISSN 2644-7185 (online)

 

License:

by nc nd

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.