Circular Economy in Relation to Financial Data

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F22%3A43905231" target="_blank" >RIV/60076658:12510/22:43905231 - isvavai.cz</a>

Result on the web

<a href="https://epub.jku.at/obvulioa/download/pdf/8073479?originalFilename=true" target="_blank" >https://epub.jku.at/obvulioa/download/pdf/8073479?originalFilename=true</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.35011/IDIMT-2022-331" target="_blank" >10.35011/IDIMT-2022-331</a>

Result language

angličtina

Original language name

Circular Economy in Relation to Financial Data

Original language description

The circular economy is an essential topic of this time, and in the coming years, it will become an integral part of many businesses. The importance of the circular economy is based on minimising waste raw materials and maximising environmental protection. This paper aims to compare financial indicators for the companies that are affected by the circular economy and companies that are not affected by the circular economy. These indicators were divided into five groups, namely: the area of indebtedness, liquidity, profitability, the area of employment-related indicators and analysis of bankruptcy and solvency models. Significant statistical differences in the indicators of indebtedness, liquidity, and employment-related indicators were found. It was found that companies affected by the circular economy have higher indebtedness. Similarly, these companies have lower liquidity. For the personal cost per employee and average monthly wage, the indicators are higher for the companies that are not affected by the circular economy. The survey shows that it is probably due to more increased investment during the implementation of circular economy elements; the companies affected by the circular economy are more indebted and have higher liabilities, so liquidity is worse. Because of higher costs in depreciation, these companies have a lower profit on the employee.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

IDIMT-2022 - Digitalization of Society, Business and Management in a Pandemic

ISBN

978-3-99113-758-0

ISSN

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e-ISSN

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Number of pages

8

Pages from-to

331-338

Publisher name

Johannes Kepler Universität Linz

Place of publication

Linz

Event location

Kutná Hora

Event date

Sep 7, 2022

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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