Scholarly record
DEVELOPMENT OF FINANCIAL INDICATORS OF CONSTRUCTION COMPANIES IN THE CZECH REPUBLIC WITHIN THE CRISIS
Abstract
The main purpose of the paper is to analyze the economic development of construction companies in the monitored period during the crises. The economic development is performed with the financial indicators, which express the performance and the financial stability of the construction company. Financial indicators are represented mainly by the Return on Equity (ROE) and indebtedness of the company. The methodology is based on the collection of information from accounting statements (the balance sheet, the profit loss account and the cash-flow statement) of selected Czech construction companies, on their analysis and then synthesis using mathematical methods. Methodology used within the paper follows current principles of the financial analysis, which will be in the paper adapted to special area of construction sector. The paper elaboration is based on the detailed present state analysis including the appropriate journal and the conference papers investigation. The expected result of the paper consists in the determination of the development of the selected financial indicators in the Czech construction sector within the economic crisis and testing of the reliability of results. The results are supported with the case study including above mentioned analysis of economic data from the representative sample of selected important Czech construction companies.
Publication Impact Profile
Publication details
References9
LUNGOVÁ, M. Hospodářská Krize 2008 – 2009: Analýza příčin (Economic Crisis 2008 – 2009: Analysis of Reasons). E a M: Ekonomie a Management [online]. 2011, 14(2), 22-30 [cit. 2017-07-11]. ISSN 12123609.
XOSÉ LUÍS FERNÁNDEZ-LÓPEZ, W., L., COTO-MILLÁN, P. From the Boom to the Collapse: a Technical Efficiency Analysis of the Spanish Construction Industry during the Financial Crisis. Construction Economics and Building [online]. UTS ePRESS, 2015, 15(1), 104-117 [cit. 2017-07-12]. DOI: 10.5130/AJCEB.v15i1.4168. ISSN 2204-9029.
PONOMARIV, D.Е. Forecasting of enterprise’s financial indicators as the basis for financial stability formation. Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu. Ekonomìčnì Nauki [online]. Zhytomyr State Technological University, 2016, 1(75), 49-54 [cit. 2017-07-11]. ISSN 1728-4236.
RŮČKOVÁ, P. Finanční analýza – metody, ukazatele, využití v praxi (Financial Analysis – Methods, Indicators, Use in Practice). Grada Publishing a.s., ISBN 978-80- 247-3916-8, 2011.
VALACH, J. a kol. Finanční řízení podniku (Financial Management of Company). Ekopress, Praha, 1997. ISBN 80-901991-6-X.
Act nr. 563/1991 Coll., about accounting.
GONÇALVES, D. L.. Analysis Of The Determinants Factors Of The Capital Structure Of Civil Construction Companies Inserted In The Bovespa Segment. Revista de Contabilidade & Controladoria [online]. Curitiba: Universidade Federal do Paraná, 2012, 4(1), 110 [cit. 2017-07-11]. DOI: 10.5380/rcc.v4i1.25777.
Babalola, Y., A, Abiola F., R., (2013). Financial ratio analysis of Firms: A Tool for Decision Making. International Journal of Management Sciences Vol. 1, No. 4. p. 132- 137.
NÝVLTOVÁ, R.; MARINIČ, P. 2010. Finanční řízení podniku (Financial Management of Company). Praha: Grada Publishing, a.s.. 208 p., ISBN 978-80-247- 3158-2.
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
