Mezzanine Capital Analysis and Financing Results for Companies

Zbigniew Kurylek and Dariusz Porebski

European Research Studies Journal, 2022, vol. XXV, issue 4, 267-282

Abstract: Purpose: The article presents mezzanine capital analysis and the results of mezzanine capital acquisition by companies have been indicated on the basis of the financial analysis measures. Design/methodology/approach: The financial analysis measures should be made comparable, which is achieved through normalisation. The normalisation procedure is a condition for aggregating diagnostic features with a synthetic description of the financial situation of the entities studied. Findings: On the basis of the financial analysis measures, Aggregate Index (AI) has been determined as well as its performance in the companies that acquired mezzanine financing. Practical Implications: Mezzanine capital is adapted to enterprises, taking into account many variables determining the functioning of the enterprises in a given industry. Originality value: The analysis of mezzanine capital. The integrated AI indicator has been estimated for companies using mezzanine financing to show the effects of this kind of financing.

Keywords: Mezzanine capital; DEA method; hybrid financing; capital sources. (search for similar items in EconPapers)
JEL-codes: G30 G32 G34 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxv:y:2022:i:4:p:267-282

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