The Relationship Between Business Environment and Performance of the Czech Economy

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F18%3A00011205" target="_blank" >RIV/47813059:19520/18:00011205 - 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

The Relationship Between Business Environment and Performance of the Czech Economy

Popis výsledku v původním jazyce

The aim of the article is to find out the relationship between the gross domestic product representing the Czech economy and the micro-environment, which is characterized by indicators of liquidity, profitability, activity and indebtedness for the period 2006-2016. In order to meet the objective of the article, variables such as gross domestic product, instantaneous, ready and current liquidity, return on equity and equity, return on inventories, receivables and payables, the ratio of foreign capital to equity, long-term and short-term bank loans. All data was drawn from the Czech Statistical Office and the AMADEUS database. For the purpose of this article, a total of 7,087 medium-sized companies were generated from the AMADEUS database. The correlation analysis and the Granger causality test were used to determine the relationship between the Czech economy and the micro-environment. The results of the correlation analysis showed a very weak correlation between gross domestic product a nd prompt liquidity, current liquidity, total capital and long-term bank loans. The Granger causality test demonstrated the effect of the existence of a two-way relationship between gross domestic product and long-term bank loans. At the same time, the effect of the unilateral relationship between the gross domestic product and the time of receivables turnover, the turnaround time, and the liquidity indicator were demonstrated.

Název v anglickém jazyce

The Relationship Between Business Environment and Performance of the Czech Economy

Popis výsledku anglicky

The aim of the article is to find out the relationship between the gross domestic product representing the Czech economy and the micro-environment, which is characterized by indicators of liquidity, profitability, activity and indebtedness for the period 2006-2016. In order to meet the objective of the article, variables such as gross domestic product, instantaneous, ready and current liquidity, return on equity and equity, return on inventories, receivables and payables, the ratio of foreign capital to equity, long-term and short-term bank loans. All data was drawn from the Czech Statistical Office and the AMADEUS database. For the purpose of this article, a total of 7,087 medium-sized companies were generated from the AMADEUS database. The correlation analysis and the Granger causality test were used to determine the relationship between the Czech economy and the micro-environment. The results of the correlation analysis showed a very weak correlation between gross domestic product a nd prompt liquidity, current liquidity, total capital and long-term bank loans. The Granger causality test demonstrated the effect of the existence of a two-way relationship between gross domestic product and long-term bank loans. At the same time, the effect of the unilateral relationship between the gross domestic product and the time of receivables turnover, the turnaround time, and the liquidity indicator were demonstrated.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of 11th International Scientific Conference Karvina Ph.D. Conference on Business and Economics

ISBN

978-80-7510-322-2

ISSN

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e-ISSN

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Počet stran výsledku

10

Strana od-do

23-32

Název nakladatele

SU OPF Karviná

Místo vydání

Karviná

Místo konání akce

Karviná

Datum konání akce

7. 11. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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