Dependency of return on equity and use of finance sources in building companies in v4 countries

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dc.contributor.author Růčková, Petra
dc.contributor.other Ekonomická fakulta cs
dc.date.accessioned 2015-09-02
dc.date.available 2015-09-02
dc.identifier.issn 12123609
dc.identifier.uri https://dspace.tul.cz/handle/15240/13243
dc.description.abstract The aim of the paper is to evaluate whether there is a functional dependency between the used financial sources and reported rate of return on equity in the selected sample of companies from the area of building of the Visegrád Group, and to do such evaluation on the basis of a performed analysis. We will also examine the reverse relation, i.e. how the rate of use of external finance sources affects the return on equity. The research is performed at two levels. In the first level, the data are mutually compared on the basis of average values of ratio indicators in individual countries. From the methodological view, there are mainly two commonly-used ratio indicators used. The use of return on equity as well as debt/equity ratio comes from studies which are listed below in the text. The other level of research is focused on data of concrete companies, which is the basis for panel data regression processing. The attention is paid to the area of building. From this business branch, there were gained data for individual companies in categories: very large, large and middle-sized companies from the Amadeus database. From the view of the studied topic, the text will be focused on the dynamic theory of the capital structure – the pecking order theory. The reason for using just this theory is the fact that measurability of tax savings from the debt in context with financial distress costs, which is the core of static trade off theories, is problematic in conditions of the Czech Republic. en
dc.format text
dc.format.extent 73-83 s. cs
dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
dc.relation.ispartof Ekonomie a Management cs
dc.relation.ispartof Economics and Management en
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dc.rights CC BY-NC
dc.subject international Financial Reporting Standards en
dc.subject International Accounting Standards en
dc.subject IFRS 9 Financial Instruments en
dc.subject IAS 39 Financial instruments: recognition and measurement en
dc.subject.classification G32
dc.title Dependency of return on equity and use of finance sources in building companies in v4 countries en
dc.type Article en
dc.date.defense 2015-09-04
dc.publisher.abbreviation TUL
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/001/2015-3-007
dc.identifier.eissn 2336-5604
local.relation.volume 18
local.relation.issue 3
local.relation.abbreviation E&M en
local.relation.abbreviation E+M cs
local.faculty Faculty of Economics
local.citation.spage 73
local.citation.epage 83
local.access open
local.fulltext yes


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