Comparison of the Performance Development of Construction Companies in the South Moravian Region of the Czech Republic: A Case Study

Abstract Historically, construction has always been one of the key sectors for state economic production. It has undergone developments over the years closely related to the world economic situation. The Czech Statistical Office, which processes annual analyses of construction production and describes market development resulting from the analysis of the construction industry deals with the development of economic sectors in the Czech Republic. A set of financial indicators which provide information on the overall market situation is annually published as a part of the research of the Ministry of Industry and Trade of the Czech Republic in the form of a corporate sector financial analysis. The performance of construction companies can be measured by various indicators. The most important performance indicator is the return on sales. This financial analysis ratio is quarterly published as a statistic within the construction sector in the national statistics published by the Ministry of Industry and Trade. The aim of the research described in the article is to compare the performance development of construction companies operating in the South Moravian Region of the Czech Republic. 12 samples of construction companies (4 samples representing the category of small, medium-sized, and large companies) were chosen for comparison. Their return on sales was calculated on the basis of financial statements in the 2013 – 2019 period. This value was plotted in the development trend, which was subsequently compared with the national statistics. The overall comparison of the performance development of construction companies, which was quantified using macroeconomic indicators, was carried out in the South Moravian Region. The macroeconomic indicators of the South Moravian Region were also compared with the national indicators provided by the Czech Statistical Office.

Download Full-text

Impact of Macroeconomic Indicators on the Financial Stability of Construction Companies in the Czech Republic and Spain

IOP Conference Series Materials Science and Engineering ◽

10.1088/1757-899x/471/2/022030 ◽

2019 ◽

Vol 471 ◽

pp. 022030

Author(s):

Tatiana Semenova ◽

Eva Vitkova

Keyword(s):

Czech Republic ◽

Financial Stability ◽

The Czech Republic ◽

Construction Companies ◽

Macroeconomic Indicators

Download Full-text

Evaluation of the adequacy of government minimum wage valorization policy in the Czech Republic in 2017 in the European context

Oeconomia Copernicana ◽

10.24136/oc.v8i1.2 ◽

2017 ◽

Vol 8 (1) ◽

pp. 21 ◽

Cited By ~ 1

Author(s):

Martin Pernica

Keyword(s):

Czech Republic ◽

Minimum Wage ◽

Minimum Wages ◽

Income Poverty ◽

The Czech Republic ◽

Eu Countries ◽

Macroeconomic Indicators ◽

Per Capita ◽

The Government ◽

Workforce Productivity

Research background: The government of the Czech Republic has agreed to an increase in the minimum monthly wage as of the beginning of 2017 to 11,000 CZK, which represents a year-over-year increase of over 11 %. The government is thus fulfilling its objective set out in February 2014 and stipulated in the Government Statement of Purpose, i.e. to approximate the minimum wage to 40 % of average wages. Purpose of the article: The purpose of the article is to assess the adequacy of the Government Minimum Wage Valorization Policy, in particular from two points of view. Firstly, in view of selected macroeconomic indicators in the Czech Republic — the development of consumer prices, average gross wages, economic growth and workforce productivity. Secondly, in comparison with other EU member states which have introduced the institution of a minimum wage. Methods: In order to assess the adequacy of government policy to improve the social protection of the rights of the working population, a background research was conducted into the literature of important studies on the effects of minimum wages on unemployment, while the development of average gross wages in the CR, the minimum monthly wages in the CR and the Kaitz index were also analyzed. Furthermore, an evaluation of selected macroeconomic indicators in the Czech Republic was performed by means of time lines and the percentage representation of employees in the individual gross wage bands according to sex and type of economic activity. Last, but not least, a comparison was made of minimum wages, real gross domestic product per capita and workforce productivity in Euros and in purchasing power standards between the Czech Republic and countries which have enacted the institution of minimum wages. Findings and Value added: The minimum wage in the Czech Republic is the fifth lowest in the EU. In the long term, it is earned by approximately 3% of employees, which is less than the rate common in other EU countries. Currently, the amount of the minimum wage is below the threshold of income poverty. In comparison with the GDP per capita in PPS and real labour productivity per person employed in other EU countries, the position of the Czech Republic is significantly better, although other EU countries offer higher minimum wages. The decision of the current government to significantly increase the minimum wage as of 2017 is correct.

Download Full-text

Taking care of newborns in the Czech Republic and in the South-Bohemian Region in 2010

Kontakt ◽

10.32725/kont.2011.044 ◽

2011 ◽

Vol 13 (4) ◽

pp. 404-411

Author(s):

Milan Hanzl ◽

Radka Pudíková

Keyword(s):

Czech Republic ◽

The South ◽

The Czech Republic ◽

Taking Care

Download Full-text

Entrepreneurial subjects in forestry and data mining from accounting data in the Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis ◽

10.11118/actaun200452050131 ◽

2004 ◽

Vol 52 (5) ◽

pp. 131-146

Author(s):

Zbyněk Šmída

Keyword(s):

Data Mining ◽

Czech Republic ◽

Financial Analysis ◽

Business Environment ◽

Financial Statement ◽

State Enterprise ◽

Ratio Analysis ◽

Volume Data ◽

Accounting Data ◽

The Czech Republic

Forests owned by the state in the Czech Republic are managed by Forests of the Czech Republic, state enterprise with its headquarters in Hradec Králové. The private companies (established during the economic reform in 1992 and privatization in 1994) carry out silvicultural and logging activities in state forests on the basis of contracts. This study is focused on forest enterprises (contractors); the current situation of business environment in the Czech Republic was studied. There have been found 38 236 forestry entrepreneurs in the Czech Republic, and divided according to legal title, to numbers of employees onto groups on the basis of size and availability of their accounting data in the first part of the article.The second part deals with data mining from accounting by a process known as a Financial statement analysis, which has to make an informed decision for owners or managers of the enterprise. Ratio analysis is regarded as the basic methodical instrument of financial analysis. Ratio analysis effectively summarizes multiple financial statement categories into few relative indices of performance and financial position. It is powerful method for managing with the complexity and volume data presented in financial statements. The relative indices converse financial statement categories into measures and it helps control for differences across companies and across time. This article contains chosen forestry contractors and describes the most useful economic indicators (ratios) and takes into account possible utilization in the sector generally.

Download Full-text

Situation of brownfields in selected regions in the Czech Republic

10.5817/cz.muni.p210-9896-2021-61 ◽

2021 ◽

Author(s):

Jaroslav Škrabal ◽

Petra Chmielová

Keyword(s):

Czech Republic ◽

Point Of View ◽

National Database ◽

Agricultural Activities ◽

The South ◽

The Czech Republic ◽

Industrial Activities ◽

The Given ◽

Geographical Point

The aim of the article is to make a comparison of brownfields in the South Moravian, Olomouc, Zlín and Moravian-Silesian regions based on the spatial standpoint. Data on brownfields were obtained through the National Database of Brownfields, which is managed by the CzechInvest agency. Information about these abandoned buildings and grounds were dated on 31st March 2021. The finding of the contribution is the fact that the most abandoned buildings and areas are mainly in Moravian-Silesian and South Moravian Region. Most of brownfields are after industrial activities, civic amenities and agricultural activities. In the given article, the analysis of brownfields according to individual indicators was performed on the basis of spatial and geographical point of view. It was found that most of the examined abandoned buildings and areas are located mainly in cities, which were followed by municipalities. Furthermore, it was proved that the size of brownfields from 54% is in area up to 1 (ha). The following indicator was the distance of abandoned buildings and areas from the centre of the cadastral area. Based on the results, it was found that 45% of the analysed brownfields are located 1-3 km from the centre of the cadastral area.

Download Full-text

Implementation of R&D Results and Industry 4.0 Influenced by Selected Macroeconomic Indicators

Applied Sciences ◽

10.3390/app9091846 ◽

2019 ◽

Vol 9 (9) ◽

pp. 1846 ◽

Cited By ~ 5

Author(s):

Jena Švarcová ◽

Tomáš Urbánek ◽

Lucie Povolná ◽

Eliška Sobotková

Keyword(s):

European Union ◽

Czech Republic ◽

Industry 4.0 ◽

Economic Recession ◽

Economic Policies ◽

Close Link ◽

The Czech Republic ◽

Macroeconomic Indicators ◽

The Business Cycle ◽

The Impact

Successful timing of INDUSTRY 4.0 projects in businesses can be disrupted by the coming of a recession. The authors assume a close link between INDUSTRY 4.0 and research and development (R&D) projects. R&D projects are statistically internationally monitored and have a significant impact on European Union economic policies. This article explores the impact of the two economic recessions in 2009 and 2012–2013 on the number of R&D entities and human resources involved in R&D in the Czech Republic. The method of multivariate statistics with dummy variables was used. Research has shown that different sectors (business sector, government sector, higher education sector, and non-profit sector) show a different development of the number of R&D entities in times of economic crisis. The research findings indicate that current European Union grant support, tax relief, and other specific factors appear to be more important for the development of R&D projects in the Czech Republic than the effects of economic recession. In terms of longer time horizons, however, the effects of the business cycle cannot be ignored. In order to predict economic development, enterprises and other subjects can use leading macroeconomic indicators.

Download Full-text

ASSESSMENT OF THE FINANCIAL HEALTH OF REGIONAL EMERGENCY MEDICAL SERVICES IN THE CZECH REPUBLIC USING THE BAMF MODEL

Journal of Business Economics and Management ◽

10.3846/16111699.2016.1272067 ◽

2017 ◽

Vol 18 (2) ◽

pp. 340-353 ◽

Cited By ~ 1

Author(s):

Ivana KRAFTOVÁ ◽

Lenka KAŠPAROVÁ

Keyword(s):

Czech Republic ◽

Emergency Medical Services ◽

Service Providers ◽

Extreme Values ◽

Financial Analysis ◽

Balance Sheet ◽

Medical Services ◽

Financial Health ◽

The Czech Republic ◽

Emergency Medical

The focus of the paper is the evaluation of the financial health of selected public service providers. As part of the research we used a specially designed model of balance-sheet analysis for BAMF municipal companies. Used on a sample of 14 regional providers of emergency medical services in the Czech Republic from 2010–2014, we assessed the level and variability of the aggregate financial health indicator BAMF and its components, five sub-indicators. It turns out that the financial health of these subjects, although displaying significant similarities are not free of extreme values that in practice require more attention, or more precisely, deeper analysis. The authors conclude that the model is relatively easy to apply in practice and can contribute to the better financial health management of public sector bodies. At the same time, the BAMF model can be considered an addition to the theory of financial analysis.

Download Full-text