Impact of Working Capital Management of Czech Companies on
Their Performance

C 2024

Impact of Working Capital Management of Czech Companies on Their Performance

SKUPIEŇOVÁ, Markéta, Tetiana KONIEVA a Ivana KOŠTUŘÍKOVÁ

Základní údaje

Originální název

Impact of Working Capital Management of Czech Companies on Their Performance

Autoři

SKUPIEŇOVÁ, Markéta (203 Česká republika, domácí), Tetiana KONIEVA (804 Ukrajina, domácí) a Ivana KOŠTUŘÍKOVÁ (203 Česká republika, garant, domácí)

Vydání

Leeds, Modeling Economic Growth in Contemporary Czechia, od s. 299-313, 15 s. Modeling Economic Growth in Contemporary Czechia, 2024

Nakladatel

Emerald Publishing Limited

Další údaje

Jazyk

angličtina

Typ výsledku

Kapitola resp. kapitoly v odborné knize

Obor

50202 Applied Economics, Econometrics

Stát vydavatele

Velká Británie a Severní Irsko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Odkazy

URL

Organizační jednotka

Obchodně podnikatelská fakulta v Karviné

ISBN

978-1-83753-841-6

DOI

http://dx.doi.org/10.1108/978-1-83753-840-920241019

Klíčová slova anglicky

Working capital; Investment policy; Financing policy; Liquidity; Financial independence; Return on assets

Štítky

RIV25

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 6. 3. 2025 13:12, Miroslava Snopková

Anotace

V originále

The amount of current assets and the structure of their financing within working capital management define the level of risk, liquidity and profitability of any company. This chapter identifies the type of working capital investment and financing policies and reveals their influence on the financial performance of Czech firms. The type of investment policy was defined, based on the structure of current assets and the working capital-to-sales ratio, followed by the share of different liabilities in assets, used to determine the financing policy. The Orbis database provided the chapter with indexes of manufacturing, agricultural, construction and trade companies for the period of 2012-2021. The results obtained revealed the liquidity and financial independence of all selected industries. Flexible investment and conservative financing policies in agriculture were accompanied by low profitability. The decrease of the working capital-to-sales ratio and the attraction of the current debts for assets financing provided a higher return on assets in cases of the manufacturing, agricultural and trade sectors.

Citovat

SKUPIEŇOVÁ, Markéta, Tetiana KONIEVA a Ivana KOŠTUŘÍKOVÁ. Impact of Working Capital Management of Czech Companies on Their Performance. In D. Stavárek a M. Tvrdoň. Modeling Economic Growth in Contemporary Czechia. Leeds: Emerald Publishing Limited, 2024, s. 299-313. Modeling Economic Growth in Contemporary Czechia. ISBN 978-1-83753-841-6. Dostupné z: https://dx.doi.org/10.1108/978-1-83753-840-920241019.

@inbook{82682,
   author = {Skupieňová, Markéta and Konieva, Tetiana and Koštuříková, Ivana},
   address = {Leeds},
   booktitle = {Modeling Economic Growth in Contemporary Czechia},
   doi = {http://dx.doi.org/10.1108/978-1-83753-840-920241019},
   editor = {D. Stavárek a M. Tvrdoň},
   keywords = {Working capital; Investment policy; Financing policy; Liquidity; Financial independence; Return on assets},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Leeds},
   isbn = {978-1-83753-841-6},
   pages = {299-313},
   publisher = {Emerald Publishing Limited},
   title = {Impact of Working Capital Management of Czech Companies on Their Performance},
   url = {https://www.emerald.com/insight/content/doi/10.1108/978-1-83753-840-920241019/full/html},
   year = {2024}
}

TY  - CHAP
ID  - 82682
AU  - Skupieňová, Markéta - Konieva, Tetiana - Koštuříková, Ivana
PY  - 2024
TI  - Impact of Working Capital Management of Czech Companies on Their Performance
VL  - Modeling Economic Growth in Contemporary Czechia
PB  - Emerald Publishing Limited
CY  - Leeds
SN  - 9781837538416
KW  - Working capital
KW  - Investment policy
KW  - Financing policy
KW  - Liquidity
KW  - Financial independence
KW  - Return on assets
UR  - https://www.emerald.com/insight/content/doi/10.1108/978-1-83753-840-920241019/full/html
N2  - The amount of current assets and the structure of their financing within working capital management define the level of risk, liquidity and profitability of any company. This chapter identifies the type of working capital investment and financing policies and reveals their influence on the financial performance of Czech firms. The type of investment policy was defined, based on the structure of current assets and the working capital-to-sales ratio, followed by the share of different liabilities in assets, used to determine the financing policy. The Orbis database provided the chapter with indexes of manufacturing, agricultural, construction and trade companies for the period of 2012-2021. The results obtained revealed the liquidity and financial independence of all selected industries. Flexible investment and conservative financing policies in agriculture were accompanied by low profitability. The decrease of the working capital-to-sales ratio and the attraction of the current debts for assets financing provided a higher return on assets in cases of the manufacturing, agricultural and trade sectors.
ER  -

SKUPIEŇOVÁ, Markéta, Tetiana KONIEVA a Ivana KOŠTUŘÍKOVÁ. Impact of Working Capital Management of Czech Companies on Their Performance. In D. Stavárek a M. Tvrdoň. \textit{Modeling Economic Growth in Contemporary Czechia}. Leeds: Emerald Publishing Limited, 2024, s.~299-313. Modeling Economic Growth in Contemporary Czechia. ISBN~978-1-83753-841-6. Dostupné z: https://dx.doi.org/10.1108/978-1-83753-840-920241019.

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