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Leszek Czerwonka

Personal Details

First Name:Leszek
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Last Name:Czerwonka
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RePEc Short-ID:pcz16
[This author has chosen not to make the email address public]
http://ekonom.ug.edu.pl/web/wydzial/?lang=en&ao=staff_a-z&staff=10&item=profile

Affiliation

Wydział Ekonomiczny
Uniwersytet Gdanski

Gdansk, Poland
http://ekonom.univ.gda.pl/
RePEc:edi:fegdapl (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Chapters

Working papers

  1. Jacek Jaworski & Leszek Czerwonka, 2018. "Impact of Capital Structure on Enterprise?s Profitability: Evidence from Warsaw Stock Exchange," Proceedings of Economics and Finance Conferences 7109137, International Institute of Social and Economic Sciences.

Articles

  1. Jacek Jaworski & Remigiusz Tunowski & Leszek Czerwonka, 2026. "Profitability of distribution system operators and use of robotic process automation in monitoring of interruption in energy grid: evidence from European Union," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 53(2), pages 299-314, June.
  2. Jacek Jaworski & Leszek Czerwonka, 2024. "Profitability and working capital management: a meta-study in macroeconomic and institutional conditions," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 51(1), pages 123-145, March.
  3. Jacek Jaworski & Leszek Czerwonka, 2023. "Which Capital Structure Theory Explains Financial Behaviour of Small and Medium-Sized Enterprises? Evidence from Poland," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 82-92.
  4. Jacek Jaworski & Leszek Czerwonka, 2022. "Which Determinants Matter for Working Capital Management in Energy Industry? The Case of European Union Economy," Energies, MDPI, vol. 15(9), pages 1-18, April.
  5. Czerwonka Leszek & Jaworski Jacek, 2022. "Capital structure and its determinants in companies originating from two opposite sides of the European Union: Poland and Portugal," Economics and Business Review, Paradigm, vol. 8(1), pages 24-49, April.
  6. Jacek Jaworski & Leszek Czerwonka, 2021. "Determinants of Enterprises’ Capital Structure in Energy Industry: Evidence from European Union," Energies, MDPI, vol. 14(7), pages 1-21, March.
  7. Jacek Jaworski & Leszek Czerwonka, 2021. "Meta-study on the relationship between profitability and liquidity of enterprises in macroeconomic and institutional environment," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 48(2), pages 233-246, June.
  8. Jacek Jaworski & Leszek Czerwonka, 2019. "Meta-study on relationship between macroeconomic and institutional environment and internal determinants of enterprises’ capital structure," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 32(1), pages 2614-2637, January.
  9. Jaworski, Jacek & Czerwonka, Leszek & Mądra-Sawicka, Magdalena, 2018. "Zależność między rentownością a płynnością finansową w sektorze przetwórstwa spożywczego w Polsce," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2018(01).
  10. Leszek Czerwonka, 2011. "Announcement Of The Exchange Ratio Of The Merging Companies - Impact On The Acquiring Firms "," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 58, pages 83-90, november.
  11. Leszek Czerwonka, 2009. "Changes in share prices as a response to earnings forecasts regarding future real profits," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 56, pages 81-90, November.
  12. Jaworski, Jacek & Czerwonka, Leszek & Mądra-Sawicka, Magdalena, . "Determinants of Capital Structure: Evidence from Polish Food Manufacturing Industry," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 68(01).
  13. Jaworski, Jacek & Czerwonka, Leszek, . "Która teoria struktury kapitału wyjaśnia decyzje finansowe małych i średnich przedsiębiorstw? Wyniki badań dotyczących Polski," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2023(1).

Chapters

  1. Leszek Czerwonka & Jacek Jaworski, 2019. "Determinants of Enterprises’ Capital Structure in Poland: Evidence from Warsaw Stock Exchange," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Eurasian Economic Perspectives, pages 249-262, Springer.
  2. Anna Blajer-Gołębiewska & Leszek Czerwonka & Arkadiusz Kozłowski, 2019. "Leading Behavioral Characteristics and Investors’ Decisions: An Experimental Approach," Springer Proceedings in Business and Economics, in: Wadim Strielkowski (ed.), Sustainable Leadership for Entrepreneurs and Academics, pages 213-224, Springer.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Jacek Jaworski & Leszek Czerwonka, 2018. "Impact of Capital Structure on Enterprise?s Profitability: Evidence from Warsaw Stock Exchange," Proceedings of Economics and Finance Conferences 7109137, International Institute of Social and Economic Sciences.

    Cited by:

    1. Pablo Moya-Martínez & Raúl Del Pozo-Rubio, 2021. "The financing of SMEs in the Spanish tourism sector at the onset of the 2008 financial crisis: Lessons to learn?," Tourism Economics, , vol. 27(7), pages 1323-1336, November.

Articles

  1. Jacek Jaworski & Leszek Czerwonka, 2023. "Which Capital Structure Theory Explains Financial Behaviour of Small and Medium-Sized Enterprises? Evidence from Poland," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 82-92.

    Cited by:

    1. Qerimi Argjentë & Balaj Driton & Krasniqi Besnik A., 2024. "The Capital Structure Dynamics of SMEs in Kosovo: Evidence Using Panel Data," South East European Journal of Economics and Business, Paradigm, vol. 19(2), pages 82-102.
    2. Herenia Gutiérrez‐Ponce, 2024. "Determinants of corporate leverage and sustainability of small and medium‐sized enterprises: The case of commercial companies in Ecuador," Business Strategy and the Environment, Wiley Blackwell, vol. 33(8), pages 8319-8331, December.

  2. Jacek Jaworski & Leszek Czerwonka, 2022. "Which Determinants Matter for Working Capital Management in Energy Industry? The Case of European Union Economy," Energies, MDPI, vol. 15(9), pages 1-18, April.

    Cited by:

    1. Dominika Gajdosikova & Katarina Valaskova & Tomas Kliestik & Maria Kovacova, 2023. "Research on Corporate Indebtedness Determinants: A Case Study of Visegrad Group Countries," Mathematics, MDPI, vol. 11(2), pages 1-30, January.
    2. Silva, Florinda & Silva, Sónia, 2026. "Working capital management and corporate performance: The role of financial constraints," International Review of Economics & Finance, Elsevier, vol. 106(C).
    3. Konieva, Tetiana & Stavárek, Daniel, 2026. "Firm-level evidence on working capital investment and financing policies in Czechia’s agricultural sector," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 12(2), June.
    4. Huu Tuan Nguyen & Duy Suu Nguyen, 2024. "The Impact of Climate Change on Financial Efficiency and The Financing Choices of Electricity Industrial Companies: Evidence from Vietnam," Advances in Decision Sciences, Asia University, Taiwan, vol. 28(1), pages 47-74, March.

  3. Czerwonka Leszek & Jaworski Jacek, 2022. "Capital structure and its determinants in companies originating from two opposite sides of the European Union: Poland and Portugal," Economics and Business Review, Paradigm, vol. 8(1), pages 24-49, April.

    Cited by:

    1. Norliza Che-Yahya & Nor Akila Mohd Kassim & Nur Afiqah M. Rasit & Nursyazwina Zainal Abidin & Erni Nazirah Shahrel & Norizzanie Wajihah Zulkefli & Nurliyana Zalani & Atirah Abd Latif & Siti Sarah Alya, 2024. "Determinants of Capital Structure from Malaysian Shariah-Compliant Food and Beverages Firms," Information Management and Business Review, AMH International, vol. 16(1), pages 76-93.

  4. Jacek Jaworski & Leszek Czerwonka, 2021. "Determinants of Enterprises’ Capital Structure in Energy Industry: Evidence from European Union," Energies, MDPI, vol. 14(7), pages 1-21, March.

    Cited by:

    1. Barbara Grabinska & Marcin Kedzior & Dorota Kedzior & Konrad Grabinski, 2021. "The Impact of Corporate Governance on the Capital Structure of Companies from the Energy Industry. The Case of Poland," Energies, MDPI, vol. 14(21), pages 1-25, November.
    2. Monika Wieczorek-Kosmala & Joanna Błach & Iwona Gorzeń-Mitka, 2021. "Does Capital Structure Drive Profitability in the Energy Sector?," Energies, MDPI, vol. 14(16), pages 1-15, August.
    3. Talat S. Genc & Stephen Kosempel, 2023. "Energy Transition and the Economy: A Review Article," Energies, MDPI, vol. 16(7), pages 1-26, March.
    4. Dominika Gajdosikova & Katarina Valaskova & Tomas Kliestik & Maria Kovacova, 2023. "Research on Corporate Indebtedness Determinants: A Case Study of Visegrad Group Countries," Mathematics, MDPI, vol. 11(2), pages 1-30, January.
    5. Erlane K. Ghani & Raja Rehan & Sultan Salahuddin & Qazi Muhammad Adnan Hye, 2023. "Discovering Capital Structure Determinants for SAARC Energy Firms," International Journal of Energy Economics and Policy, International Journal of Energy Economics and Policy, vol. 13(1), pages 135-143, January.
    6. à lvaro Bueno-Ferrer & Jaime de Pablo Valenciano & Jerónimo de Burgos Jiménez, 2026. "Capital Structure Dynamics and Their Impact on Financial Performance in SMEs of the Road Transportation Sector," SAGE Open, , vol. 16(1), pages 21582440261, March.
    7. Jacek Barburski & Artur Hołda, 2023. "Determinants of the Corporate Financing Structure in the Energy and Mining Sectors; A Comparative Analysis Based on the Example of Selected EU Countries for 2012–2020," Energies, MDPI, vol. 16(12), pages 1-29, June.
    8. Agnieszka Dembicka-Niemiec & Edyta Szafranek-Stefaniuk & Antonina Kalinichenko, 2023. "Structural and Investment Funds of the European Union as an Instrument for Creating a Low-Carbon Economy by Selected Companies of the Energy Sector in Poland," Energies, MDPI, vol. 16(4), pages 1-21, February.
    9. Jaroslav Mazanec, 2023. "Capital Structure Theory in the Transport Sector: Evidence from Visegrad Group," Mathematics, MDPI, vol. 11(6), pages 1-17, March.
    10. Robert Szydło & Sylwia Wiśniewska & Małgorzata Tyrańska & Anna Dolot & Urszula Bukowska & Marek Koczyński, 2021. "Employer Expectations Regarding the Competencies of Employees on the Energy Market in Poland," Energies, MDPI, vol. 14(21), pages 1-21, November.
    11. Dorota Czerwińska-Kayzer & Joanna Florek & Ryszard Staniszewski & Dariusz Kayzer, 2021. "Application of Canonical Variate Analysis to Compare Different Groups of Food Industry Companies in Terms of Financial Liquidity and Profitability," Energies, MDPI, vol. 14(15), pages 1-16, August.

  5. Jacek Jaworski & Leszek Czerwonka, 2021. "Meta-study on the relationship between profitability and liquidity of enterprises in macroeconomic and institutional environment," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 48(2), pages 233-246, June.

    Cited by:

    1. Foray Ansumana Bangali Tarawallie & Murad Bein, 2025. "The Moderating Effect of Size on the Relationship Between Liquidity Management and Sustainable Profitability: Evidence from BRICS Financial Firms," Sustainability, MDPI, vol. 17(18), pages 1-22, September.
    2. Jacek Jaworski & Leszek Czerwonka, 2022. "Which Determinants Matter for Working Capital Management in Energy Industry? The Case of European Union Economy," Energies, MDPI, vol. 15(9), pages 1-18, April.
    3. Jarosław Nowicki & Piotr Ratajczak & Dawid Szutowski, 2024. "Impact of Macroeconomic Factors on Financial Liquidity of Companies: A Moderation Analysis," Sustainability, MDPI, vol. 16(11), pages 1-26, May.
    4. Jarosław Nowicki & Piotr Ratajczak & Dawid Szutowski, 2024. "Influence of Macroeconomic Factors on Financial Liquidity of Companies: Evidence from Poland," Risks, MDPI, vol. 12(7), pages 1-22, July.

  6. Jacek Jaworski & Leszek Czerwonka, 2019. "Meta-study on relationship between macroeconomic and institutional environment and internal determinants of enterprises’ capital structure," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 32(1), pages 2614-2637, January.

    Cited by:

    1. Islam Abdeljawad & Mohammad Nasser Jaradat, 2025. "Revisiting the pecking order theory: insights from an emerging market economy," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-23, December.
    2. Jacek Jaworski & Leszek Czerwonka, 2024. "Profitability and working capital management: a meta-study in macroeconomic and institutional conditions," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 51(1), pages 123-145, March.
    3. Zdenek Tousek & Jana Hinke & Barbora Gregor & Martin Prokop, 2023. "How does the effect of external financing on profitability differ across tiers? Evidence from the automotive supply chain," E&M Economics and Management, Technical University of Liberec, Faculty of Economics, vol. 26(2), pages 105-121, June.

  7. Jaworski, Jacek & Czerwonka, Leszek & Mądra-Sawicka, Magdalena, . "Determinants of Capital Structure: Evidence from Polish Food Manufacturing Industry," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 68(01).

    Cited by:

    1. Justyna Franc-Dąbrowska & Magdalena Mądra-Sawicka & Anna Milewska, 2021. "Energy Sector Risk and Cost of Capital Assessment—Companies and Investors Perspective," Energies, MDPI, vol. 14(6), pages 1-20, March.
    2. Dominika Gajdosikova & Katarina Valaskova & Tomas Kliestik & Maria Kovacova, 2023. "Research on Corporate Indebtedness Determinants: A Case Study of Visegrad Group Countries," Mathematics, MDPI, vol. 11(2), pages 1-30, January.

Chapters

  1. Leszek Czerwonka & Jacek Jaworski, 2019. "Determinants of Enterprises’ Capital Structure in Poland: Evidence from Warsaw Stock Exchange," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Eurasian Economic Perspectives, pages 249-262, Springer.

    Cited by:

    1. Idrees Liaqat & Muhammad Asif Khan & József Popp & Judit Oláh, 2021. "Industry, Firm, and Country Level Dynamics of Capital Structure: A Case of Pakistani Firms," JRFM, MDPI, vol. 14(9), pages 1-17, September.
    2. Dominika Gajdosikova & Katarina Valaskova & Tomas Kliestik & Maria Kovacova, 2023. "Research on Corporate Indebtedness Determinants: A Case Study of Visegrad Group Countries," Mathematics, MDPI, vol. 11(2), pages 1-30, January.
    3. Dragana Novaković & Dragan Milić & Zoran Ilić & Tihomir Novaković & Bogdan Jocić & Vladislav Zekić & Mirela Tomaš Simin, 2025. "Circular Economy Indicators and Capital Structure Determinants of Small Agricultural Enterprises: Evidence from Serbia," Sustainability, MDPI, vol. 17(19), pages 1-17, September.

More information

Research fields, statistics, top rankings, if available.

Statistics

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NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 1 paper announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-CFN: Corporate Finance (1) 2018-12-03
  2. NEP-FMK: Financial Markets (1) 2018-12-03
  3. NEP-SBM: Small Business Management (1) 2018-12-03
  4. NEP-TRA: Transition Economics (1) 2018-12-03

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