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Tytuł:
A Polish Adaptation and Validation of the Distress Tolerance Scale
Autorzy:
Rokosz, Marta
Poprawa, Ryszard
Powiązania:
https://bibliotekanauki.pl/articles/1731274.pdf
Data publikacji:
2021-03-19
Wydawca:
Katolicki Uniwersytet Lubelski Jana Pawła II. Towarzystwo Naukowe KUL
Tematy:
distress
distress tolerance
Polish adaptation
questionnaire validity
Opis:
Distress Tolerance Scale (DTS; Simons & Gaher, 2005) measures individual differences in experiencing and enduring negative emotional states. It consists of four dimensions: tolerance of perceived distress, assessment and acceptance of emotions, absorption of attention, and emotion regulation. The study aimed to evaluate the psychometric properties of a Polish adaptation of the Distress Tolerance Scale (DTS). A total of 1,210 individuals aged between 18 and 69 participated in the study (45% men, 51% women). After obtaining a Polish translation, we conducted EFA and CFA to examine the validity of the construct. EFA revealed a two-factor structure of the DTS, with Regulation as a separate factor. The original and modified CFA model with Regulation as a separate first-order factor showed an unsatisfactory fit to the data. Better CFA parameters were obtained with the reduced, three-factor version of the DTS. Four- and three-factor versions both show good internal consistency, temporal stability, convergent, and discriminant validity, with the exception of the Regulation subscale. As expected, distress tolerance is positively associated with positive affectivity, satisfaction with life, and self-control ability, but negatively with negative affectivity, perceived stress, and difficulties in emotion regulation. Men declared higher levels of distress tolerance than women. The Regulation subscale showed the weakest validity results; in terms of content, it seems to deviate from the concept of distress tolerance. With all those findings in mind, we recommend the valid and reliable three-factor version to be used in further studies.
Źródło:
Roczniki Psychologiczne; 2020, 23, 4; 347-366
1507-7888
Pojawia się w:
Roczniki Psychologiczne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Peritraumatic distress among emergency medical system employees: a proposed cut-off for the Peritraumatic Distress Inventory
Autorzy:
Rybojad, B.
Aftyka, A.
Milanowska, J.
Powiązania:
https://bibliotekanauki.pl/articles/2085172.pdf
Data publikacji:
2019
Wydawca:
Instytut Medycyny Wsi
Tematy:
paramedics
Peritraumatic Distress Inventory
peritraumatic distress
post-traumatic stress disorder
Opis:
Introduction. Emergency medical system (EMS) workers are exposed to traumatic events that may lead to posttraumatic stress disorder (PTSD). Objectives. The purpose of this study was to explore and discuss the relationship between peritraumatic distress (PD) and elevated posttraumatic stress symptoms (PTSS) in EMS employees. Material and methods. A cross-sectional study including 100 EMS employees was conducted. Demographic and occupational data were collected for each subject. The Polish version of the Impact of Event Scale-Revised (IES-R) was used to evaluate PTSS and the Polish version of the Peritraumatic Distress Inventory (PDI) was used to determine the level of PD experienced during and immediately after a traumatic event. Results. The highest scores indicative of distress were obtained on the negative emotions subscale, and the lowest on the loss of control and arousal (LCA) subscales. A strong positive correlation was found between the severity of PD and PTSS. Among the PDI subscales, the severity of PTSS was most strongly correlated with LCA, and had the weakest correlation with sense of threat. The optimal PDI cut-off score for predicting elevated PTSS was 19. Conclusions. PD is strongly related to elevated PTSS and serves as a useful tool for screening EMS workers at risk of developing PTSD. Individuals with PDI scores of 19 or higher are good candidates for specialist consultations aimed at detecting and treating elevated PTSS.
Źródło:
Annals of Agricultural and Environmental Medicine; 2019, 26, 4; 579-584
1232-1966
Pojawia się w:
Annals of Agricultural and Environmental Medicine
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Importance of the Size of Local Government in Avoiding the Fiscal Distress - Empirical Evidence on Communes in Poland
Autorzy:
Galiński, Paweł
Powiązania:
https://bibliotekanauki.pl/articles/16729115.pdf
Data publikacji:
2023
Wydawca:
Uniwersytet Marii Curie-Skłodowskiej. Wydawnictwo Uniwersytetu Marii Curie-Skłodowskiej
Tematy:
fiscal distress
local government
size effect
Opis:
Theoretical background: In the literature on finance there are findings which examine reasons for the fiscal distress of units of the public sector, including local governments. However, this distress might be differently defined. Therefore, it determines both the approach to identify this phenomenon and the types of explanatory variables. Nevertheless, in the field of the business sector in the econometric models concerning the financial distress the size of the unit is considered. In this case there are also some possibilities to apply the correct proxy variable. This results from the fact that the size of local government might determine its fiscal capability as well as the level and structure of expenditures, which affect fiscal distress. Purpose of the article: The aim of this paper is to examine the influence of the size of the local government on the probability of the decrease of the exposure to the fiscal distress. Research methods: The author reviewed the literature in the field of the fiscal distress and introduced a multi-criteria decision analysis as well as a logistic regression modelling to examine this. The research procedure also required the use of the linear ordering to construct the dependent variable of the fiscal distress in order to analyse the “size effect” on the fiscal distress. Main findings: Fiscal distress of local governments is a core issue, which should be constantly analysed. It depends on the financial, economic, social and even political aspects. To identify exposure to this distress the TOPSIS method can be used. However, the fiscal distress can be affected by the size of the unit, which influences lots of budgetary categories. Due to the specificity of dependent and independent variables in the econometric models the “size effect” might be represented through the level of the population or the assets. Using the ordinal logistic regression in the research, the authors should consider that this effect can differ between the units with the disparate exposure. So, the partial proportional odds models can be required. Thus, the growth of the size of the unit, measured by the population, increases the odds of reaching very low exposure to fiscal distress. Simultaneously, there are some other important issues which should be included in this type of research.
Źródło:
Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia; 2022, 56, 5; 101-113
0459-9586
2449-8513
Pojawia się w:
Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Places of refuge for ships in distress: the South African approach and challenges
Autorzy:
Seti, S.
Powiązania:
https://bibliotekanauki.pl/articles/116345.pdf
Data publikacji:
2020
Wydawca:
Uniwersytet Morski w Gdyni. Wydział Nawigacyjny
Tematy:
distress and emergency
Places of Refuge
Ships in Distress
South Africa
South African Maritime Safety Authority (SAMSA)
distress
emergency operation
coastal authority
Opis:
The South African Maritime Safety Authority (“SAMSA”) responds to emergency calls from distressed ships. SAMSA, as a coastal authority, operates in terms of the South African maritime regulatory framework and its approach used to be robust. For example, South Africa is the first country to recognize the need to have a tug solely for the purpose of assisting ships in distress. However, close examination of the recent maritime incidents shows that SAMSA’s approach is falling short of keeping up with the ever changing challenges of places of refuge for ships in distress. This paper seeks to critically assess SAMSA’s approach to ships in distress as informed by the South African regulatory framework. The paper will further examine the possible solutions to identified shortcomings.
Źródło:
TransNav : International Journal on Marine Navigation and Safety of Sea Transportation; 2020, 14, 1; 67-74
2083-6473
2083-6481
Pojawia się w:
TransNav : International Journal on Marine Navigation and Safety of Sea Transportation
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Maritime radio systems for distress alerting
Autorzy:
Korcz, K.
Powiązania:
https://bibliotekanauki.pl/articles/245315.pdf
Data publikacji:
2018
Wydawca:
Instytut Techniczny Wojsk Lotniczych
Tematy:
communication systems
maritime distress communication
maritime distress alerting
systemy komunikacyjne
komunikacja morska
alarm morski
Opis:
The most important function of a maritime radio communication system called the Global Maritime Distress and Safety System (GMDSS) is the distress alerting function. Distress alerting is the rapid and successful reporting of a distress incident to a unit, which can provide or co-ordinate assistance. This would be a rescue co-ordination centre (RCC) or another ship in the vicinity. The article presents and evaluates the technical and operational possibilities of the maritime radio systems for a distress alerting. Especially the basic functional requirements and regulations for GMDSS referring to the maritime radio systems for distress alerting, resulting from the provisions of the International Convention for the Safety of Life at Sea (SOLAS) and Radio Regulations have been described. The article presents the role of the maritime radio systems for a distress alerting in the shipping and GMDSS as well. A current status and analysis of the systems responsible for distress alerting has been made. In this context, the operation, methods and ranges of transmitting and receiving the distress alerts by the INMARSAT system, COSPAS-SARSAT system and Digital Selective Calling (DSC) system have been described. The article also outlines the future of the maritime radio systems for a distress alerting. In this context, the two projects under the name of „E-navigation” and „The modernization of the GMDSS”, currently being implemented in the framework of the International Maritime Organization (IMO) by the Sub-Committee on Navigation, Communications and Search and Rescue (NCSR), have been presented as well.
Źródło:
Journal of KONES; 2018, 25, 1; 233-240
1231-4005
2354-0133
Pojawia się w:
Journal of KONES
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Aspects of Post-Traumatic Stress Disorder symptomatology in patients with breast cancer: a review of prevalence, risk and mediating factors
Autorzy:
van Oers, Helena
Powiązania:
https://bibliotekanauki.pl/articles/1065168.pdf
Data publikacji:
2019
Wydawca:
Przedsiębiorstwo Wydawnictw Naukowych Darwin / Scientific Publishing House DARWIN
Tematy:
Breast cancer
PTSD
distress
stress
subsyndromal PTSD
Opis:
It is widely accepted that a cancer diagnosis is a stressful and often traumatic experience for patients. Stress as a psychological side-effect of diagnosis has been well-researched. However, it is also possible that the life changing and potentially life-threatening aspects of disease may lead to symptoms of Post-Traumatic Stress Disorder (PTSD), including heightened anxiety, intrusive and distressing thoughts, avoidance of reminders of the trauma and sleeping disturbances. These symptoms may be of short duration but studies show that is possible for patients to live with PTSD for years after diagnosis and treatment. Even if not all the criteria for a full PTSD diagnosis are present, subthreshold or subsyndromal PTSD has been shown to cause significant distress and affect the quality of life of breast cancer patients. Given that with earlier diagnoses and ever more effective treatment interventions, the number of women who survive cancer and whose survival intervals are longer, identification, monitoring and treatment of patients living with PTSD becomes ever more important.
Źródło:
World Scientific News; 2019, 120, 2; 266-274
2392-2192
Pojawia się w:
World Scientific News
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
CATEGORIZATION OF INSTRUMENTS USED IN TURNAROUND PROCESSES UNDER CONDITIONS OF FINANCIAL DISTRESS
Kategoryzacja instrumentarium wykorzystywanego w procesach dostosowawczych w warunkach zaburzeń finansowych
Autorzy:
Porada-Rochoń, Małgorzata
Franc-Dąbrowska, Justyna
Powiązania:
https://bibliotekanauki.pl/articles/950424.pdf
Data publikacji:
2015
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
financial distress
small and medium enterprises
turnaround process
Opis:
The objective of this article was to analyze and categorize the instruments implemented by enterprises recognized as being financially distressed, used in response to such distress. The instruments were implemented in the turnaround process. In order to achieve the research objective, the following research hypothesis was verified: depending on the size of the enterprise (small or medium), various instruments are assessed as being effective and thus they can be subjected to the categorization process. The study encompassed a total of 259 small and 138 medium-sized enterprises from Poland, the Czech Republic, Slovakia, Hungary, Romania and Ukraine.
Źródło:
Financial Sciences. Nauki o Finansach; 2015, 4(25); 102-110
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Protección jurídica de la infancia y la adolescencia en España tras la aprobación de la Convención de las Naciones Unidas de los derechos del Niño de 1989
Legal protection of childhood and adolescence in Spain after the approval of the 1989 Convention on the Rights of the Child
Autorzy:
Capote Pérez, Luis Javier
Calzadilla Medina, Mª Aránzazu
Powiązania:
https://bibliotekanauki.pl/articles/1945356.pdf
Data publikacji:
2021-03-27
Wydawca:
Uniwersytet w Białymstoku. Wydawnictwo Uniwersytetu w Białymstoku
Tematy:
Legal protection
childhood
adolescence
risk
distress
welfare institutions
Opis:
The present paper is about the regulation appliable to childhood and adolescence in the Spanish Law, with special emphasis on the changes derived from the entry into force of the 1978 Spanish Constitution and its influence in the Civil Law area. The article hast two parts. First one begins with the description of origins of the preoccupation for children and teenagers, at the end of the 18th century and the progressive development of politics focused on their protection during de 19th century. Below, there is a brief exposition of the international dimension of scientific and legal treatment, beginning with the celebration of conferences and congresses dedicated to children and continuing with 1924 y 1959 declarations of the rights of the child. Finally, there is another brief description, focused on the 1989 Convention on the Rights of the Child. The second part is centered on the Spanish Law and its rules for the protection of children and teenagers. Firstly, there is a brief historical description, centered over the Spanish perspective in the progressive and growing interest in childhood. Secondly, there is a legal description of Spanish Law rules on the subject, beginning with 1978 Spanish Constitution and continuing with the enumeration of modifications of Civil Law acts, derived from the return of Spain to democracy and the ratification of 1989 Convention.
Źródło:
Miscellanea Historico-Iuridica; 2020, 19, 1; 121-142
1732-9132
2719-9991
Pojawia się w:
Miscellanea Historico-Iuridica
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Polish version of the Parental Stressor Scale: Neonatal Intensive Care Unit
Autorzy:
Aftyka, A.
Rozalska, I.
Rybojad, B.
Samardakiewicz, M.E.
Powiązania:
https://bibliotekanauki.pl/articles/2082924.pdf
Data publikacji:
2019
Wydawca:
Instytut Medycyny Wsi
Tematy:
newborn
NICU
distress
parental stress
pre-term infant
Opis:
Introduction. Parental Stressor Scale: Neonatal Intensive Care Unit (PSS:NICU) by M. Miles et al. has been developed in order to assess the stress experienced by parents of infants being treated in Intensive Care Units. The measurement of parental stress enables the evaluation of nursing care effectiveness, as well as facilitating the determination of the level of progress made by parents in coping with the difficult situation they face. Objectives. The aims of the research include: (1) validation of the Parental Stressor Scale: Neonatal Intensive Care Unit Polish Version and (2) initial assessment of perceptions of parental stress in a group of 151 parents of infants treated in four NICUs in Poland. Materials and method. This quantitative cross-sectional study was performed among 151 parents (129 mothers and 22 fathers) of infants treated in four NICUs in central and eastern Poland. The respondents were asked to complete forms following the Parental Stressor Scale: Neonatal Intensive Care Unit, the Impact Event Scale – Revised (IES–R),and their demographics, which combined basic medical data along with socio-demographic data of both parents and children. Results. The three sub-scales distinguished on the basis of factor analysis (Infant Appearance, Parental Role Alteration, Sights and Sounds) explain in total 54.89% of variances. Cronbach’s alpha for the entire scale equals 0.92, while as follows for the particular sub-scales: Infant Appearance – 0.92; Parental Role Alteration – 0.86, and Sights and Sounds – 0.78. Conclusions. The Polish version of PSS:NICU is an accurate and reliable tool for the assessment of stress experienced by parents whose infants require treatment in NICUs.
Źródło:
Annals of Agricultural and Environmental Medicine; 2019, 26, 1; 67-72
1232-1966
Pojawia się w:
Annals of Agricultural and Environmental Medicine
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
ISSUES IN MODELLING THE FINANCIAL DISTRESS AND BANKRUPTCY OF COMPANIES
Autorzy:
Gruszczyński, Marek
Powiązania:
https://bibliotekanauki.pl/articles/453547.pdf
Data publikacji:
2015
Wydawca:
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie. Katedra Ekonometrii i Statystyki
Tematy:
financial distress
bankruptcy
corporate failure
default risk
Opis:
Paper presents selected issues in designing and implementing models for financial distress and/or bankruptcy of companies. Major topics include: (1) definition of financial distress, (2) approaches to specify the distress variable, (3) aims and extent of the research on distress, (4) quantitative approaches in the field, including the attempt by Campbell, Hilscher and Szilagyi [2008], (5) survey of recent papers on the topic published in Poland.
Źródło:
Metody Ilościowe w Badaniach Ekonomicznych; 2015, 16, 1; 96-107
2082-792X
Pojawia się w:
Metody Ilościowe w Badaniach Ekonomicznych
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Assessment of psychological distress and quality of life in lung cancer patients receiving chemotherapy: A single center experience
Autorzy:
Pigkou, K.
Alikari, V.
Papathanasiou, I.V.
Theophilou, P.
Lavdaniti, M.
Zyga, S.
Fradelos, E.C.
Powiązania:
https://bibliotekanauki.pl/articles/1918603.pdf
Data publikacji:
2018-06-18
Wydawca:
Uniwersytet Medyczny w Białymstoku
Tematy:
Lung cancer
psychological distress
quality of life
Opis:
Background: Lung cancer is one of the most common malignant diseases with high mortality. Patients diagnosed with lung cancer are most likely to exhibited psychiatric symptomatology while they experience poor quality of life. Purpose: To examine the relationship between psychological distress and quality of life (QoL) in lung cancer patients receiving chemotherapy. Methods: A cross sectional study was conducted in which 110 lung cancer patients were recruited to participate. Data was collected with an anonymous self-administrated question-naire consisted by three parts: a sheet concerning demographic information, the scales Missoula Vitas Quality of Life Index-15 and General Health Questionnaires (GHQ)-28. Results: Women accounted for 51.8% of the sample, 27.3% were ≥56 years old and 24.5% were in the age between 35-44. Moreover, 38.2% were high school graduates while 46.4% were married. Age, educational level, and marital status were found to be related to patients’ perceived QoL. QoL was found to be related to psychological variables for GHQ-28. Conclusions: Quality of life can be considered to be a result of disease and treatment, as perceived by the patient and is affected by factors such as injury, anxiety, perceptions and social opportunities. This has a direct effect on patients’ functioning and ability to self-care.
Źródło:
Progress in Health Sciences; 2018, 8(1); 122-129
2083-1617
Pojawia się w:
Progress in Health Sciences
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Emotion Regulation Difficulties, Distress Tolerance and Psychopathological Symptoms
Autorzy:
del-Vallev, Macarena Verónica
Zamora, Eliana Vanesa
Urquijo, Sebastián
Olsen, Cintia
López-Morales, Hernán
Andrés, María Laura
Powiązania:
https://bibliotekanauki.pl/articles/31340943.pdf
Data publikacji:
2022
Wydawca:
Katolicki Uniwersytet Lubelski Jana Pawła II. Towarzystwo Naukowe KUL
Tematy:
psychopathology
distress
mental health
depression
anxiety
emotion
Opis:
Emotion Regulation (ER) has been identified as a factor that may be related to psychopathological symptoms. However, evidence about the relationship between ER and psychopathological symptoms is still unspecific. Moreover, although the ability of distress tolerance (DT) has gained increasing attention, it has not yet been sufficiently explored in relation to specific psychopathological symptoms. The aim of the study was to analyze the role of different specific ER mechanisms on various psychopathological symptoms, with particular emphasis on the role of DT. To do so, a correlational study was carried out. A total of 128 university students between 18 and 44 years old (mean age = 26.7, SD = 6.14) answered the Distress Tolerance Scale, the Difficulties in Emotion Regulation Scale and the Symptom Check List 90-Revised. For each psychopathological symptom (and for general distress), linear regression were applied. All models were statistically significant with differences in the amount of explained variance and in the predictors. DT predicted symptoms of depression, anxiety, obsessions and compulsions and general distress. The study highlights the importance of the different mechanisms of ER in each specific psychopathological symptom and their implications for mental health.
Źródło:
Roczniki Psychologiczne; 2022, 25, 4; 309-325
1507-7888
Pojawia się w:
Roczniki Psychologiczne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Health and disease – medical and psychological aspects of quality of life in patients with gynecological cancers
Autorzy:
Kieszkowska-Grudny, Anna
Powiązania:
https://bibliotekanauki.pl/articles/773462.pdf
Data publikacji:
2014
Wydawca:
Medical Education
Tematy:
QoL questionnaires
distress ladder
gynecological cancers
quality of life
Opis:
Gynecological cancers, due to their location and relation to the aspects of femininity, reproductive ability and body image, are associated not only with the physical dimension of cancer, but also with the mental sphere. The loss of fertility may lead to feelings of sadness and grief that remain for a very long time after the treatment. In patients with gynecological cancers, the increased risk of early menopause, loss of femininity, decreased libido, or distorted body image can affect their quality of life. The distress emerging in this situation may further worsen the health condition and negatively affect the quality of life and ability to mobilize the organism to fight against the disease. For this reason, it is important to monitor the level of distress and quality of life using available questionnaires and measurement tools. Psychological interventions and psychotherapy can help women with gynecological cancers raise their self-esteem related e.g. to corporeality, improve the overall quality of life and reduce the psychological distress caused by the disease and the treatment itself.
Źródło:
OncoReview; 2014, 4, 4; A165-A170
2450-6125
Pojawia się w:
OncoReview
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Significant predictors of psychological distress in the group of Polish young adults during the COVID-19 epidemic outbreak: Sequential mediation model
Autorzy:
Mirucka, Beata
Bielecka, Urszula
Mirucka, Maria
Kępińska, Natalia
Powiązania:
https://bibliotekanauki.pl/articles/2121824.pdf
Data publikacji:
2021
Wydawca:
Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:
coronavirus
psychological distress
state anxiety
risk perception
young adults
Opis:
The study was conducted to identify significant predictors of psychological distress in the group of young Polish adults during COVID-19 epidemic outbreak. The web-based cross-sectional survey was applied to 975 Polish respondents (755 female, 77.44%) aged 18-35 years. They were divided into two age groups: younger (18-25) and older (25-35). All participants completed: General Functioning Questionnaire (GFQ), COVID-19 Risk Perception Scale (C-RPS), State Anxiety Inventory (STAI-S), and General Sense of Threat to Life Scale (GSTLS). The Polish adults aged 18-25 years manifested significantly higher psychological distress, state anxiety, and a sense of threat to life, but they perceived less risk in COVID-19 epidemic compared to older participants. Risk perception and a sense of threat to life were indirectly related to state anxiety and psychological distress. Significant predictors of psychological distress in the group of young adult Poles during the COVID-19 epidemic are: state anxiety, risk perception, and a sense of threat to life, where risk perception and a sense of threat to life mediate the relation between state anxiety and psychological distress.
Źródło:
Polish Psychological Bulletin; 2021, 52, 3; 289-298
0079-2993
Pojawia się w:
Polish Psychological Bulletin
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
A novel approach to estimating the debt capacity of European SMEs
Autorzy:
Karas, Michal
Režňáková, Mária
Powiązania:
https://bibliotekanauki.pl/articles/22401577.pdf
Data publikacji:
2023
Wydawca:
Instytut Badań Gospodarczych
Tematy:
debt capacity
financial distress
macroeconomic factors
financial constraints
Opis:
Research background: The concept of debt capacity assumes that a maximum value of debt ratio exists that when exceeded triggers unfavourable consequences, such as drop in market value, default or a change in the business' creditworthiness. With the current state of the art there is a priori no theoretical assurance that such a specific value exists, or rather it is represented by an interval of values. Beyond that, our understanding of debt capacity is often limited to a theoretical approximation by firm-specific factors, while the context of macroeconomic factors, especially those critical for SMEs, is neglected. Purpose of the article: The aim of this paper is to present a novel approach to estimating SMEs' debt capacity. Further, the aim is to answer the question of what firm-level and macroeconomy conditions lead to exhausting the SMEs' debt capacity and under what conditions a specific value of maximum debt capacity could be estimated. Methods: To estimate the debt capacity, we suggest a use of an information entropy minimising heuristic and the Minimal Description Length Principle. In this approach, the observed feature space is categorised into several regions. In this case, such a region represents a set of firm- and macroeconomy-specific conditions forming the debt capacity of the SMEs. To the best of our knowledge, such an approach has not yet been used in debt capacity applications. Findings & value added: We found out that the debt ratio itself provides little explanation of exhausted debt capacity, suggesting that high debt levels are compensated for by other factors. By using the suggested approach, a set of more than 100 different regions was analysed. It was found that in case of five regions (sets of conditions) the debt capacity is exhausted, as the high level of debt has significant distress consequences.
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2023, 18, 2; 551-581
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł
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