Profitability and Working Capital Management of Czech SMES: Empirical Evidence in the Period of Financial Crisis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25940082%3A_____%2F17%3AN0000004" target="_blank" >RIV/25940082:_____/17:N0000004 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Profitability and Working Capital Management of Czech SMES: Empirical Evidence in the Period of Financial Crisis
Original language description
In this study, we attempt to measure the link between working capital management and profitability on a sample of Czech SMEs during the time of financial crisis. As the period of our measurement coincides with the worst financial crisis that affected developed economies at the beginning of the 21 century, we expect the profitability of Czech firms and corresponding variables of working capital management to be also affected. In this conjuncture, we want to discover the role working capital management on microeconomic in-company level. Some negative relations and increased volatility of results can be expected during the crisis years, even when Czech companies were found to be profitable in general. The results of our analysis show that the working capital management performs in the same manner as in "normal times", which can be interpreted is a sign of long term stability of Czech economic environment. Nevertheless, our results need to be verified and contrasted with subsequent (non-crisis) periods of data, which could be a topic for future research.
Czech name
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Czech description
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Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
IFRS: Global Rules and Local Use: Proceedings of the 5th International Scientific Conference
ISBN
978-80-906585-4-7
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
61-71
Publisher name
Anglo-americká vysoká škola, z.ú.
Place of publication
Praha
Event location
Praha
Event date
Oct 20, 2017
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000431393100004

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