Searchability and Machine-Readability of the Financial
Statements of the Czech Business Corporations and Their
Influence  on the Financial Performance

D 2019

Searchability and Machine-Readability of the Financial Statements of the Czech Business Corporations and Their Influence on the Financial Performance

HAMPL, Filip; Elena LÁNCOŠOVÁ a Zuzana RAKOVSKÁ

Základní údaje

Originální název

Searchability and Machine-Readability of the Financial Statements of the Czech Business Corporations and Their Influence on the Financial Performance

Autoři

HAMPL, Filip; Elena LÁNCOŠOVÁ a Zuzana RAKOVSKÁ

Vydání

Brno, Czech Republic, Proceedings of the 16th International Scientific Conference European Financial Systems 2019, od s. 155-162, 8 s. 2019

Nakladatel

Masaryk University Press

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50206 Finance

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Odkazy

URL

Kód RIV

RIV/00216224:14560/19:00111004

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-210-9338-6

UT WoS

000503222600018

Klíčová slova anglicky

financial analysis indicators; financial performance; financial statements; logistic regression; machine-readability; non-searchability; searchability

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 11. 5. 2020 14:12, Mgr. Pavel Sedláček

Anotace

V originále

Financial and non-financial data presented in the financial statements and annual reports represent a valuable information source capturing economic activities in business corporations, accounting units. Machine-readable (or at least searchable) financial statements allow software equipment to find, to recognise and to extract easily data and valuable information about, e.g. ownership of risk-assets, cryptocurrencies or research and development activities. The paper aims to find out whether the Czech business corporations prepare their financial statements in the machine-readable/searchable format and whether the machine-readability/searchability is connected to their financial performance. The examined period was 2015-2017, and logistic regression was used. The data was obtained from the Czech Business Register by using a software script written by the authors and from the database of Czech and Slovak economic entities Bisnode Magnusweb. We discovered that most business corporations prepare non-searchable financial statements (no company prepares machine-readable statements). The ratio of searchable statements decreases each year. More companies change their statements from searchable to non-searchable than vice versa during the examined period. We found out that companies with non-searchable statements are more likely to have higher future long-term performance.

Návaznosti

MUNI/A/1029/2018, interní kód MU

Název: Účetní vykazování a daňové aspekty kryptoměn

Investor: Masarykova univerzita, Účetní vykazování a daňové aspekty kryptoměn, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

HAMPL, Filip; Elena LÁNCOŠOVÁ a Zuzana RAKOVSKÁ. Searchability and Machine-Readability of the Financial Statements of the Czech Business Corporations and Their Influence on the Financial Performance. In Nešleha, Marek, Svoboda, Rakovská. Proceedings of the 16th International Scientific Conference European Financial Systems 2019. Brno, Czech Republic: Masaryk University Press, 2019, s. 155-162. ISBN 978-80-210-9338-6.

@inproceedings{1571656,
   author = {Hampl, Filip and Láncošová, Elena and Rakovská, Zuzana},
   address = {Brno, Czech Republic},
   booktitle = {Proceedings of the 16th International Scientific Conference European Financial Systems 2019},
   editor = {Nešleha, Marek, Svoboda, Rakovská},
   keywords = {financial analysis indicators; financial performance; financial statements; logistic regression; machine-readability; non-searchability; searchability},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Brno, Czech Republic},
   isbn = {978-80-210-9338-6},
   pages = {155-162},
   publisher = {Masaryk University Press},
   title = {Searchability and Machine-Readability of the Financial Statements of the Czech Business Corporations and Their Influence on the Financial Performance},
   url = {https://is.muni.cz/do/econ/sborniky/2019/},
   year = {2019}
}

TY  - CONF
ID  - 1571656
AU  - Hampl, Filip - Láncošová, Elena - Rakovská, Zuzana
PY  - 2019
TI  - Searchability and Machine-Readability of the Financial Statements of the Czech Business Corporations and Their Influence on the Financial Performance
PB  - Masaryk University Press
CY  - Brno, Czech Republic
SN  - 9788021093386
KW  - financial analysis indicators
KW  - financial performance
KW  - financial statements
KW  - logistic regression
KW  - machine-readability
KW  - non-searchability
KW  - searchability
UR  - https://is.muni.cz/do/econ/sborniky/2019/
L2  - https://is.muni.cz/do/econ/sborniky/2019/
N2  - Financial and non-financial data presented in the financial statements and annual reports represent a valuable information source capturing economic activities in business corporations, accounting units. Machine-readable (or at least searchable) financial statements allow software equipment to find, to recognise and to extract easily data and valuable information about, e.g. ownership of risk-assets, cryptocurrencies or research and development activities. The paper aims to find out whether the Czech business corporations prepare their financial statements in the machine-readable/searchable format and whether the machine-readability/searchability is connected to their financial performance. The examined period was 2015-2017, and logistic regression was used. The data was obtained from the Czech Business Register by using a software script written by the authors and from the database of Czech and Slovak economic entities Bisnode Magnusweb. We discovered that most business corporations prepare non-searchable financial statements (no company prepares machine-readable statements). The ratio of searchable statements decreases each year. More companies change their statements from searchable to non-searchable than vice versa during the examined period. We found out that companies with non-searchable statements are more likely to have higher future long-term performance.
ER  -

HAMPL, Filip; Elena LÁNCOŠOVÁ a Zuzana RAKOVSKÁ. Searchability and Machine-Readability of the Financial Statements of~the Czech Business Corporations and Their Influence on~the~Financial Performance. In Nešleha, Marek, Svoboda, Rakovská. \textit{Proceedings of the 16th International Scientific Conference European Financial Systems 2019}. Brno, Czech Republic: Masaryk University Press, 2019, s.~155-162. ISBN~978-80-210-9338-6.

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