Cash and Working Capital Management in the Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F07%3A00014639" target="_blank" >RIV/61989100:27510/07:00014639 - 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

Cash and Working Capital Management in the Czech Republic

Original language description

This paper outlines the changing financial scene in The Czech Republic, which is following the global pattern of institutional investors taking over the role of commercial banks as relationship banking is gradually giving way to transaction-driven banking. Investment-grade companies have become more reliant on direct financing and less reliant on intermediated financing. This is due both to reluctance by banks to extend credit facilities to high-grade corporates as they search for more lucrative returnson capital, and by the growth in the supply of capital by institutional and other non-bank investors. This growth in direct financing has been predominately in the form of unsecured and unregistered commercial paper issues. The relatively high Czech reference interest rates in the late 1990's influenced the development of company debt financing, forcing companies to become more sophisticated and dynamic in their use of debt instruments and hedging tools as they attempt to manage the sub

Czech name

Řízení hotovosti a pracovního kapitálu v České republice

Czech description

Článek poukazuje na měnící se finanční prostředí v České republice. Bonitní firmy se staly více závislými na přímém financování a méně zavislými na zprostředkovaném financování.

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GA402%2F05%2F2758" target="_blank" >GA402/05/2758: Integration of the financial sector of the new EU member countries into the EMU</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2007

Confidentiality

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

Name of the periodical

International Research Journal: Investment Management and Financial Innovations

ISSN

1810-4967

e-ISSN

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Volume of the periodical

2007

Issue of the periodical within the volume

1

Country of publishing house

UA - UKRAINE

Number of pages

14

Pages from-to

17-30

UT code for WoS article

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EID of the result in the Scopus database

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