CORPORATE LIQUIDITY AND FINANCIAL INDICATORS IN SELECTED SECTORS IN THE CZECH REPUBLIC

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F17%3A00010960" target="_blank" >RIV/47813059:19520/17:00010960 - 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

CORPORATE LIQUIDITY AND FINANCIAL INDICATORS IN SELECTED SECTORS IN THE CZECH REPUBLIC

Popis výsledku v původním jazyce

The aim of this paper is to determine the relationship between selected financial indicators and liquidity of companies (corporate liquidity) in selected sectors in the Czech Republic from 2000 to 2015. With the purpose to fulfill the aim, the existence and character of relationship between selected financial factors (debt equity ratio, return on equity, share of fixed assets to total assets, share of earnings before interest and taxes to total assets) and liquidity of the companies in sectors such as mining and quarrying, manufacturing, construction, service sector and energy sector will be examined. The aim of this paper is also to find out how the liquity of companies affects the debt equity ratio, return on equity and share of fixed assets to total assets. The existence of relationship between selected financial factors and liquidity of companies is tested by correlation analysis and regression analysis. The results show that there is a negative impact of share of fixed assets to t otal assets on liquidity of companies in service sector in the Czech Republic. The liquidity of companies was positively influenced by the return on equity and negatively influenced by debt equity ratio in energy sector in the Czech Republic. On the other hand, it was found that liquidity of companies negatively affects debt equity ratio in energy sector in the Czech Republic. There was also found that liquidity of companies negatively affects the share of fixed assets to total assets. The impact of other selected variables on corporate liquidity has not been demonstrated in other selected sectors.

Název v anglickém jazyce

CORPORATE LIQUIDITY AND FINANCIAL INDICATORS IN SELECTED SECTORS IN THE CZECH REPUBLIC

Popis výsledku anglicky

The aim of this paper is to determine the relationship between selected financial indicators and liquidity of companies (corporate liquidity) in selected sectors in the Czech Republic from 2000 to 2015. With the purpose to fulfill the aim, the existence and character of relationship between selected financial factors (debt equity ratio, return on equity, share of fixed assets to total assets, share of earnings before interest and taxes to total assets) and liquidity of the companies in sectors such as mining and quarrying, manufacturing, construction, service sector and energy sector will be examined. The aim of this paper is also to find out how the liquity of companies affects the debt equity ratio, return on equity and share of fixed assets to total assets. The existence of relationship between selected financial factors and liquidity of companies is tested by correlation analysis and regression analysis. The results show that there is a negative impact of share of fixed assets to t otal assets on liquidity of companies in service sector in the Czech Republic. The liquidity of companies was positively influenced by the return on equity and negatively influenced by debt equity ratio in energy sector in the Czech Republic. On the other hand, it was found that liquidity of companies negatively affects debt equity ratio in energy sector in the Czech Republic. There was also found that liquidity of companies negatively affects the share of fixed assets to total assets. The impact of other selected variables on corporate liquidity has not been demonstrated in other selected sectors.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

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

Název periodika

Acta academica karviniensia

ISSN

2533-7610

e-ISSN

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Svazek periodika

17

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

13

Strana od-do

87-99

Kód UT WoS článku

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EID výsledku v databázi Scopus

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