Impact of Macroeconomic Indicators on the Financial Stability of Construction Companies in the Czech Republic and Spain
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26110%2F19%3APU131321" target="_blank" >RIV/00216305:26110/19:PU131321 - isvavai.cz</a>
Výsledek na webu
<a href="http://dx.doi.org/10.1088/1757-899X/471/2/022030" target="_blank" >http://dx.doi.org/10.1088/1757-899X/471/2/022030</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1088/1757-899X/471/2/022030" target="_blank" >10.1088/1757-899X/471/2/022030</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Impact of Macroeconomic Indicators on the Financial Stability of Construction Companies in the Czech Republic and Spain
Popis výsledku v původním jazyce
The purpose of this study is to identify the relationship between macroeconomic factors and the financial stability of companies based on a comparative analysis of the construction industry in the Czech Republic and Spain for the 2007-2015 period. The negative impact of the 2007 financial crisis on the country economy, and thus on the construction industry, is a clear illustration of the dependence of the financial health of the construction sector on the economic stability of the country. This observation leads to the necessity of determining the relationship between the external factors and the financial stability of companies. The most common and available macroeconomic indicators of economic health of the country were selected for the purpose of this research: GDP, Inflation and Unemployment Rate. In order to find the relationship between the chosen macroeconomic indicators and financial ratios, Pearson Correlation and Pooled Ordinary Least Squares Regression, were applied. According to the results of the correlation, the majority of macroeconomic indicators have a weak positive and negative relationship with the financial coefficients of companies. In both countries, the most significant is the relationship between unemployment and liquidity of enterprises. In addition, in the Spanish construction industry, a negative correlation between ROE and unemployment has been observed. The regression analysis pointed out the impact of GDP on the liquidity of construction companies in Spain. In the Czech Republic, due to relatively stable situation in the period researched, insignificant relation between the selected macroeconomic indicators and financial stability of the country's construction industry have
Název v anglickém jazyce
Impact of Macroeconomic Indicators on the Financial Stability of Construction Companies in the Czech Republic and Spain
Popis výsledku anglicky
The purpose of this study is to identify the relationship between macroeconomic factors and the financial stability of companies based on a comparative analysis of the construction industry in the Czech Republic and Spain for the 2007-2015 period. The negative impact of the 2007 financial crisis on the country economy, and thus on the construction industry, is a clear illustration of the dependence of the financial health of the construction sector on the economic stability of the country. This observation leads to the necessity of determining the relationship between the external factors and the financial stability of companies. The most common and available macroeconomic indicators of economic health of the country were selected for the purpose of this research: GDP, Inflation and Unemployment Rate. In order to find the relationship between the chosen macroeconomic indicators and financial ratios, Pearson Correlation and Pooled Ordinary Least Squares Regression, were applied. According to the results of the correlation, the majority of macroeconomic indicators have a weak positive and negative relationship with the financial coefficients of companies. In both countries, the most significant is the relationship between unemployment and liquidity of enterprises. In addition, in the Spanish construction industry, a negative correlation between ROE and unemployment has been observed. The regression analysis pointed out the impact of GDP on the liquidity of construction companies in Spain. In the Czech Republic, due to relatively stable situation in the period researched, insignificant relation between the selected macroeconomic indicators and financial stability of the country's construction industry have
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
—
OECD FORD obor
20101 - Civil engineering
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2019
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
4th World Multidisciplinary Civil Engineering, Architecture, Urban Planning Symposium (WMCAUS 2018)
ISBN
—
ISSN
1757-8981
e-ISSN
—
Počet stran výsledku
8
Strana od-do
1-8
Název nakladatele
IOP Conference Series
Místo vydání
UK
Místo konání akce
Praha
Datum konání akce
18. 6. 2018
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
000465811800030