Struktura kapitału a poziom rentowności spółek kapitałowych na przykładzie sektora budowlanego
The capital structure versus profitability of capital companies – the example of construction sector

Summary/Abstract: The aim of the research was to identify a relationship between the participation of liabilities in the debt structure and the level of profitability. The survey was conducted on the construction companies listed on the Warsaw Stock Exchange and relies on data for 2011-2015. Companies with a lower level of debt showed no statistically significant correlation between debt ratios and profitability of companies. In the group of companies with a higher level of debt there were statistically significant correlation between the debt ratio and the return on assets, the return on sales and the operating margin.

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