Tax burden and interest burden on business in the agriculture,
fishing and forestry sector

D 2017

Tax burden and interest burden on business in the agriculture, fishing and forestry sector

SEDLÁČEK, Jaroslav

Základní údaje

Originální název

Tax burden and interest burden on business in the agriculture, fishing and forestry sector

Autoři

SEDLÁČEK, Jaroslav (203 Česká republika, garant, domácí)

Vydání

Brno, Proceedings of the 14th International scientific conference: European Financial Systems 2017, od s. 256-265, 10 s. 2017

Nakladatel

Masaryk University

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Kód RIV

RIV/00216224:14560/17:00097570

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-210-8609-8

UT WoS

000418110800031

Klíčová slova anglicky

financial burden of business; tax burden; interest burden; accounting statements; financial analysis; performance and efficiency;

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 31. 1. 2018 10:35, Mgr. Daniela Marcollová

Anotace

V originále

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.

Návaznosti

MUNI/A/0823/2016, interní kód MU

Název: Behaviorální, znalostní a ekonomické aspekty oceňování a obchodování finančních a jiných aktiv (Akronym: BZEAO)

Investor: Masarykova univerzita, Behaviorální, znalostní a ekonomické aspekty oceňování a obchodování finančních a jiných aktiv, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

MUNI/A/0916/2015, interní kód MU

Název: Behaviorální a znalostní aspekty obchodování a oceňování finančních aktiv

Investor: Masarykova univerzita, Behaviorální a znalostní aspekty obchodování a oceňování finančních aktiv, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

SEDLÁČEK, Jaroslav. Tax burden and interest burden on business in the agriculture, fishing and forestry sector. In Proceedings of the 14th International scientific conference: European Financial Systems 2017. Brno: Masaryk University, 2017, s. 256-265. ISBN 978-80-210-8609-8.

@inproceedings{1389458,
   author = {Sedláček, Jaroslav},
   address = {Brno},
   booktitle = {Proceedings of the 14th International scientific conference: European Financial Systems 2017},
   keywords = {financial burden of business; tax burden; interest burden; accounting statements; financial analysis; performance and efficiency;},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Brno},
   isbn = {978-80-210-8609-8},
   pages = {256-265},
   publisher = {Masaryk University},
   title = {Tax burden and interest burden on business in the agriculture, fishing and forestry sector},
   year = {2017}
}

TY  - JOUR
ID  - 1389458
AU  - Sedláček, Jaroslav
PY  - 2017
TI  - Tax burden and interest burden on business in the agriculture, fishing and forestry sector
PB  - Masaryk University
CY  - Brno
SN  - 9788021086098
KW  - financial burden of business
KW  - tax burden
KW  - interest burden
KW  - accounting statements
KW  - financial analysis
KW  - performance and efficiency;
N2  - 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.
ER  -

SEDLÁČEK, Jaroslav. Tax burden and interest burden on business in the agriculture, fishing and forestry sector. In \textit{Proceedings of the 14th International scientific conference: European Financial Systems 2017}. Brno: Masaryk University, 2017, s.~256-265. ISBN~978-80-210-8609-8.

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