HOW TO RAISE EQUITY CAPITAL? A CASE OF POLISH COMPANIES

The strategies of raising equity capital available to the Polish companies were studied, both in the theoretical and empirical dimension. According to the law regulations three strategies of raising equity capital were distinguished and characterized: the retaining profit strategy, the strategy based on the hybrid securities and the strategy using the issue of new shares. The empirical researches were conducted based on the aggregated data illustrating the practical application of the distinguished strategies in the activity of the Polish non-financial companies in 2006 – 2009, aiming at finding changes in the strategy profile due to the impact of the global financial crisis. The achieved results can be used as a basis for further, more detail studies, also for the cross-country comparative analysis.