CHMIELOVÁ, Petra. The Relationship Between Business Environment and Performance of the Czech Economy. Online. In Proceedings of 11th International Scientific Conference Karvina Ph.D. Conference on Business and Economics. Karviná: SU OPF Karviná, 2018, p. 23-32. ISBN 978-80-7510-322-2.
Other formats:   BibTeX LaTeX RIS
Basic information
Original name The Relationship Between Business Environment and Performance of the Czech Economy
Authors CHMIELOVÁ, Petra (203 Czech Republic, guarantor, belonging to the institution).
Edition Karviná, Proceedings of 11th International Scientific Conference Karvina Ph.D. Conference on Business and Economics, p. 23-32, 10 pp. 2018.
Publisher SU OPF Karviná
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50204 Business and management
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
RIV identification code RIV/47813059:19520/18:00011205
Organization unit School of Business Administration in Karvina
ISBN 978-80-7510-322-2
Keywords in English activity indicators; gross domestic product; indebtedness indicators; liquidity indicators; microenvironment; profitability indicators
Changed by Changed by: Miroslava Snopková, učo 43819. Changed: 29/4/2021 15:23.
Abstract
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 and 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.
PrintDisplayed: 19/5/2024 10:00