Impacts of selected NACE industries´ foreign ownership on the czech economy

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dc.contributor.authorRoubíčková, Michaela
dc.contributor.authorHeryán, Tomáš
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2014-12-03
dc.date.available2014-12-03
dc.date.defense2014-12-02
dc.description.abstractThe aim of the current paper was to estimate whether the Czech companies’ equity increasing and returns on equity’s development have an impact on GDP’s development in selected Czech business sectors. Contribution of our study to foreign direct investment and firm performance the matters is using quarterly frequency data to examine relationship between foreign ownership and quarterly economic growth in selected NACE business sectors. Hanoušek et al. [9] argue that Foreign Direct Investments (FDI) have some several impacts at the Czech microeconomic level. We argue then, it could be interesting to compare domestic and foreign ownership with weighted GDP growth rate in the Czech Republic. If foreign equity in the country and rentability of foreign owned companies affect GDP more than rentability of domestic companies, foreign ownership is more efficient for the Czech economy. From our point of view, microeconomic data in pooled sample could influence macroeconomy of the country. It motivates recent study. We are estimating panel regression models with cross section weights. Our endogenous variable is weighted GDP growth rate in pooled data of all our selected business industries. Our exogenous variables are average equity growth rate and growth rate of return on equity (ROE), both in pooled sample of selected Czech industries. This study proved positive impacts of foreign ownership on GDP in the Czech Republic. Foreign-owned companies have a positive impact on GDP growth rate through both increase in equity and increase of ROE of Czech firms. In the case of domestic-owned firms the positive impact of ROE change was not demonstrated.en
dc.formattext
dc.format.extent58-69 s.cs
dc.identifier.doi10.15240/tul/001/2014-4-005
dc.identifier.eissn2336-5604
dc.identifier.issn12123609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/7134
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectprofiten
dc.subjectspruceen
dc.subjectbeechen
dc.subjectprofitabilityen
dc.subjectcosten
dc.subjectrevenuesen
dc.subject.classificationG34
dc.subject.classificationM12
dc.titleImpacts of selected NACE industries´ foreign ownership on the czech economyen
dc.typeArticleen
local.accessopen
local.citation.epage69
local.citation.spage58
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationE&Men
local.relation.abbreviationE+Mcs
local.relation.issue4
local.relation.volume17
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