Informace o publikaci
Tax burden and interest burden on business in the agriculture, fishing and forestry sector
| Autoři | |
|---|---|
| Rok publikování | 2017 |
| Druh | Článek ve sborníku |
| Konference | Proceedings of the 14th International scientific conference: European Financial Systems 2017 |
| Fakulta / Pracoviště MU | |
| Citace | |
| Obor | Ekonomie |
| Klíčová slova | financial burden of business; tax burden; interest burden; accounting statements; financial analysis; performance and efficiency; |
| Popis | Financial burden on enterprises is determined by negative cash flows, which brings down the value their assets and owner’s equity. The aim of this paper is to analyze the financial burden on Czech business in the agriculture, forestry and fisheries in the past six years and point out the factors that influenced their capital structure and performance. According to Du Pont equations the financial burden is given as reduction of interest and taxes from earnings before interests and taxes. The value of financial burden of enterprises is dependent on macroeconomic environment, in which the enterprises exist. It was detected asynchronously dependence between real payments and changes of rates of interests and tax rates in the analysis. Reducing both rates had a positive effect on the performance of Czech enterprises, their capital base has increased, it has become more attractive to foreign investors and improved return on invested capital. In following up the results of analysis is performed an estimate of the development of financial results of companies in 2016 - 2018. |
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