Long-term bank loans and corporate bonds as sources of corporate financing in the Czech Republic

Abstract

The paper deals with the problems of long-term bank loans and corporate bonds as alternative sources of corporate financing in the Czech Republic. Firstly, the authors define and classify financial sources and evaluate development and structure of corporate financing in Czech companies. Secondly, the attention is paid to deciding between long-term bank loans and issuing corporate bonds, while the roles of both qualitative and quantitative evaluation are pointed out. Subsequently, the paper analyses and evaluates the situation on the Czech capital market from the point of view of long-term bank loans and corporate bonds.