Tax burden and interest burden on business in the agriculture, fishing and forestry sector

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F17%3A00097570" target="_blank" >RIV/00216224:14560/17:00097570 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Tax burden and interest burden on business in the agriculture, fishing and forestry sector

Popis výsledku v původním jazyce

Financial burden on enterprises is determined by negative cash flows, which brings down the value their assets and owner’s equity. The aim of this paper is to analyze the financial burden on Czech business in the agriculture, forestry and fisheries in the past six years and point out the factors that influenced their capital structure and performance. According to Du Pont equations the financial burden is given as reduction of interest and taxes from earnings before interests and taxes. The value of financial burden of enterprises is dependent on macroeconomic environment, in which the enterprises exist. It was detected asynchronously dependence between real payments and changes of rates of interests and tax rates in the analysis. Reducing both rates had a positive effect on the performance of Czech enterprises, their capital base has increased, it has become more attractive to foreign investors and improved return on invested capital. In following up the results of analysis is performed an estimate of the development of financial results of companies in 2016 - 2018.

Název v anglickém jazyce

Tax burden and interest burden on business in the agriculture, fishing and forestry sector

Popis výsledku anglicky

Financial burden on enterprises is determined by negative cash flows, which brings down the value their assets and owner’s equity. The aim of this paper is to analyze the financial burden on Czech business in the agriculture, forestry and fisheries in the past six years and point out the factors that influenced their capital structure and performance. According to Du Pont equations the financial burden is given as reduction of interest and taxes from earnings before interests and taxes. The value of financial burden of enterprises is dependent on macroeconomic environment, in which the enterprises exist. It was detected asynchronously dependence between real payments and changes of rates of interests and tax rates in the analysis. Reducing both rates had a positive effect on the performance of Czech enterprises, their capital base has increased, it has become more attractive to foreign investors and improved return on invested capital. In following up the results of analysis is performed an estimate of the development of financial results of companies in 2016 - 2018.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 14th International scientific conference: European Financial Systems 2017

ISBN

9788021086098

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

256-265

Název nakladatele

Masaryk University

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

27. 6. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000418110800031