COMPANY INVESTMENTS IN THE CONTEXT OF FINANCIAL STRATEGIES
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12510%2F22%3A43905599" target="_blank" >RIV/60076658:12510/22:43905599 - isvavai.cz</a>
Result on the web
<a href="https://www.dbc.wroc.pl/dlibra/publication/154800/edition/115011/content" target="_blank" >https://www.dbc.wroc.pl/dlibra/publication/154800/edition/115011/content</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15611/aoe.2022.1.07" target="_blank" >10.15611/aoe.2022.1.07</a>
Alternative languages
Result language
angličtina
Original language name
COMPANY INVESTMENTS IN THE CONTEXT OF FINANCIAL STRATEGIES
Original language description
This paper is focused on the determination of type of financial strategy to company investment. The analysis traces which financial strategies are preferred by companies from industries classified according to technological intensiveness. The study used data from 7,095 Czech enterprises during the 2014-2018 period. The typology of strategies was based on dynamic criteria created by combining indices of financial ratios. This study confirmed that management do not strictly prefer a conservative or aggressive investment strategy. A quarter of investment companies are rather inclined towards a strategy with conservative elements regarding the area of financing and aggressive elements regarding the golden rule of investing (Strategy B). One-third of the companies practise risky investment (long-term assets grow faster than sales). The contribution of this paper is an extension of investment theory by the typology of financial strategies of investing companies, which can be useful in making future investor decisions, for creators of subsidy policies and financial institutions providing financing for company investments.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Argumenta Oeconomica
ISSN
1233-5835
e-ISSN
2720-5088
Volume of the periodical
48
Issue of the periodical within the volume
1
Country of publishing house
PL - POLAND
Number of pages
22
Pages from-to
163-185
UT code for WoS article
000803080900007
EID of the result in the Scopus database
2-s2.0-85133868799