Detail publikace

Compliance with Golden Rules of Fiscal Policy in Construction Companies

VÍTKOVÁ, E. KOCOURKOVÁ, G.

Originální název

Compliance with Golden Rules of Fiscal Policy in Construction Companies

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

The present-day situation is associated with less optimistic economic development. At the turn of 2019/2020, the world was struck by a coronavirus pandemic that affected both the economy of the entire country represented mainly by industries and the social level of the population. More than ever, corporate management adhered to the established business rules which include certain fiscal policy rules. These fiscal rules are theoretically referred to as the Golden Rules of Fiscal Policy [1] [2] [3]. These Golden Rules of Fiscal Policy include 4 rules related to assets, sources of asset coverage, their longevity and the investment growth rate. The Golden Rules of Fiscal Policy apply in general to any business subject. However, this paper focuses solely on the construction industry. The aim of the paper is to find out, on a sample of construction companies operating in the Czech Republic, whether they comply with the Golden Rules of Fiscal Policy within their operation and compare these values to the national average. The sample of construction companies was chosen on the basis of carrying out the same activities, the same size in terms of the number of employees, amount of turnover and amount of assets, and operating in the same region of the Czech Republic. The national average of values under the Golden Rules of Fiscal Policy was determined from the statistical data published by the Ministry of Industry and Trade of the Czech Republic (MIT) on its website [4]. Methods of both vertical and horizontal analyses, which represent the basic methods of financial analysis, were used to determine the values of individual Golden Rules of Fiscal Policy for construction companies.

Klíčová slova

Construction CompaniesGolden Rules of Fiscal PolicyVertical Analysis

Autoři

VÍTKOVÁ, E.; KOCOURKOVÁ, G.

Vydáno

22. 3. 2023

Nakladatel

Elsevier

Místo

Nizozemí

ISSN

1877-0509

Periodikum

Procedia Computer Science

Ročník

219

Číslo

1

Stát

Nizozemsko

Strany od

1626

Strany do

1633

Strany počet

8

URL

https://www.sciencedirect.com/science/article/pii/S1877050923004660

Plný text v Digitální knihovně

http://hdl.handle.net/11012/213652

BibTex

@inproceedings{BUT183180,
  author="Eva {Vítková} and Gabriela {Kocourková}",
  title="Compliance with Golden Rules of Fiscal Policy in Construction Companies",
  booktitle="CENTERIS – International Conference on ENTERprise Information Systems / ProjMAN – International Conference on Project MANagement / HCist – International Conference on Health and Social Care Information Systems and Technologies 2022",
  year="2023",
  journal="Procedia Computer Science",
  volume="219",
  number="1",
  pages="1626--1633",
  publisher="Elsevier",
  address="Nizozemí",
  doi="10.1016/j.procs.2023.01.455",
  issn="1877-0509",
  url="https://www.sciencedirect.com/science/article/pii/S1877050923004660"
}