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

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dc.contributor.authorRůčková, Petra
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2015-09-02
dc.date.available2015-09-02
dc.date.defense2015-09-04
dc.description.abstractThe 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.formattext
dc.format.extent73-83 s.cs
dc.identifier.doi10.15240/tul/001/2015-3-007
dc.identifier.eissn2336-5604
dc.identifier.issn12123609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/13243
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.subjectinternational Financial Reporting Standardsen
dc.subjectInternational Accounting Standardsen
dc.subjectIFRS 9 Financial Instrumentsen
dc.subjectIAS 39 Financial instruments: recognition and measurementen
dc.subject.classificationG32
dc.titleDependency of return on equity and use of finance sources in building companies in v4 countriesen
dc.typeArticleen
local.accessopen
local.citation.epage83
local.citation.spage73
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationE&Men
local.relation.abbreviationE+Mcs
local.relation.issue3
local.relation.volume18
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