Relationship Between Company Returns And Leverage According to the Business Sector: Empirical Evidence from the Czech Republic

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dc.contributor.authorStrýčková Lenkacs
dc.date.accessioned2018-09-25T12:11:27Z
dc.date.available2018-09-25T12:11:27Z
dc.date.issued2017cs
dc.description.abstractThe paper aims to provide up-to-date empirical evidence of relationship between the key indicators of business competitiveness: leverage and corporate performance. The study is based on corporate financial data of selected companies from the Czech Republic within 14 major business sectors according to CZ-NACE which companies published for the year 2014. The results of this study show that leverage (debt ratio) has a substantially negative effect on corporate performance when the return on equity (ROE) is used as an indicator of corporate performance in the Czech Republic over the period covered by the study. The results of the regression analysis confirmed negative relationship between the company profitability and the use of debt in majority of business sectors (Agriculture, fishery, and forestry; Construction, Wholesale and retail trade, repair of motor vehicles and motorcycles; Professional, scientific and technical activities; Administrative and support service activities). The opposite relationship was found in one business sector only (Mining and quarrying) where positive relationship between the company profitability and leverage was confirmed. Among other things, the results of this study confirm that corporate leverage varies across industries.en
dc.description.urihttps://www.cjournal.cz/files/260.pdf
dc.format.extent13cs
dc.identifier.doi10.7441/joc.2017.03.07
dc.identifier.issn1804-171Xcs
dc.identifier.orcid0000-0003-1108-4193 Strýčková Lenka
dc.identifier.urihttps://dspace.tul.cz/handle/15240/30811
dc.language.isoengcs
dc.publisherTomas Bata University in Zlincs
dc.publisher.cityZlíncs
dc.relation.ispartofseries1cs
dc.subjectbusiness sectorcs
dc.subjectcompanycs
dc.subjectdebtcs
dc.subjectleveragecs
dc.subjectreturncs
dc.titleRelationship Between Company Returns And Leverage According to the Business Sector: Empirical Evidence from the Czech Republiccs
local.citation.epage98-110cs
local.citation.spage98-110cs
local.identifier.publikace4261
local.identifier.wok415332500008en
local.relation.issue3cs
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