PHYSICAL INVESTMENT FINANCING IN THE CZECH CORPORATE SECTOR

2021 ◽  
Vol 22 (3) ◽  
pp. 109-119
Author(s):  
Małgorzata Stępień
Keyword(s):  
Capital Account ◽  
National Accounts ◽  
Corporate Sector ◽  
Flow Of Funds ◽  
Investment Financing ◽  
Financial Account ◽  
Physical Investment

The aim of this article is to identify the structure of physical investment financing in the Czech corporate sector. The data used in the conducted analyzes are derived from national accounts and more specifically the two accounts included in the accumulation accounts, ie.: the capital account and financial account. The article uses the methodology of net sources of finance initially developed by C. Mayer. It uses the flow of funds rather than stock data.

scholarly journals Znaczenie banków w finansowaniu inwestycji rzeczowych w polskim sektorze przedsiębiorstw

2014 ◽  
pp. 21-32
Author(s):  
Adam Samborski
Keyword(s):  
Capital Account ◽  
Research Issues ◽  
Financing Structure ◽  
Flow Of Funds ◽  
Investment Financing ◽  
Bank Financing ◽  
Financial Account ◽  
Physical Investment

Research issues include the physical investment financing in Polish nonfinancial corporations in 1995 to 2011. The purpose of this study is to identify the structure of physical investment financing in Polish non-financial corporations, and to define the role of bank financing. The data used in the estimation of physical investment financing structure in Polish non-financial corporations, were obtained from two accounts belonging to the accumulation accounts, i.e. the capital account and the financial account. The study used net sources of finance methodology initiated by Mayer [1988, 1990], Corbett and Jenkinson [1994, 1997]. It uses the flow of funds rather than stock data.

scholarly journals Physical Investment Financing: The Cases of Poland and Latvia

2017 ◽  
Vol 14 (1) ◽  
pp. 76-85
Author(s):  
Katarzyna Żak
Keyword(s):  
Integrated System ◽  
Financial Data ◽  
National Accounts ◽  
Corporate Sector ◽  
System Of National Accounts ◽  
Investment Financing ◽  
The Subject ◽  
Physical Investment ◽  
Practical Dimension

Abstract The aim of the article is to present and compare the major sources of financing of physical investments in Poland and Latvia and to attempt to identify their determinants. The subject of the diagnosis is the corporate sector in Poland and i Latvia in the years 2005-2015.The article uses methodology, developed by C. Mayer, J. Corbett and T. Jenkinson, that is based on the net sources of finance. The financial data analysed in the article come from the capital and financial accounts, constituting the element of the integrated system of national accounts. Assuming that in a given period of time, the sources of finance (revenue) are equal to their use (expenditure), it is possible to estimate the structure of financing of physical investments in the corporate sector. The practical dimension of the analysis should be viewed as an indication for identifying changes in the area of financing of physical investments in enterprises in the two countries.

scholarly journals Finansowanie inwestycji rzeczowych w niemieckim sektorze przedsiębiorstw

2017 ◽  
Vol 5 (4) ◽  
pp. 75-83
Author(s):  
Adam Samborski
Keyword(s):  
Capital Account ◽  
Corporate Sector ◽  
Financing Structure ◽  
Flow Of Funds ◽  
Financial Account ◽  
Financial Investments ◽  
European System ◽  
Internal Sources ◽  
The Way

The article assumes two objectives, namely: to adjust the way of the research proposed by Corbett and Jenkinson to the requirements of the European System of Accounts 2010; identification of the financing structure of non-financial investments in the German corporate sector. The analysis used data from national reporting, and more specifically the two accounts included in the accumulation accounts, i.e.: the capital account and financial account. It was adopted the methodology of net financing, which uses a flow of funds, and not the stocks. It was noted that, in the German corporate sector internal sources and capital transfers are the basis of non-financial investments financing.

scholarly journals Theoretical and Methodological Foundations of Designing a balance Model for Reproducing Investment Potential of Institutional Sectors in the Regional System

2019 ◽  
Vol 23 (5) ◽  
pp. 101-114
Author(s):  
I. V. Naumov
Keyword(s):  
Methodological Approach ◽  
Financial Resources ◽  
Balance Model ◽  
National Accounts ◽  
Financial Flows ◽  
Advantages And Disadvantages ◽  
Financial Account ◽  
Resource Endowment ◽  
Regional System ◽  
Territorial Systems

Reproducing investment potential of institutional sectors of the economy of any territorial system becomes a challenging issue in the light of recent trends: lack of financial resources for modernization and development of the real sector of economy, failure to successful implementing the planned strategic programs for economic development of territorial systems at macroeconomic, regional and municipal levels. A systematic approach to the formation and reproduction ofthese resources is required. In this regard, the main purpose of the work was to develop methodological foundations of designing a balance model for reproducing the investment potential of institutional sectors in the regional system. The analysis of the advantages and disadvantages of the existing approaches showed that a systematic representation of the reproduction processes of the investment potential of institutional sectors in the territorial systems requires a detailed mapping of the movement processes of financial resources between the sectors, as well as spatial features of the movement of their investment resources between the regional systems. Proposed in the work, the theoretical and methodological approach uses the basic principles of the system of national accounts: “double entry”, according to which one sector initiates the movement of financial flows, and the other accepts them; financial account structure of institutional sectors. Moran’s spatial autocorrelation and autoregression method was also applied. Thus, it provides to assess the investment resource endowment of the sectors and their sufficiency to solve the most important development problems, to determine the main uses of these resources by institutional sectors, and the riskiness of their investment activities. Such an approach provides an opportunity for state authorities and a financial regulator to assess the system of investment interconnections between institutional sectors that has developed in the regions, the problems and threats of financial development of these sectors, and to find reserves to solve them.

scholarly journals Historical reasons for the focus on broad monetary aggregates in post-World War II Britain and the ‘Seven Years War’ with the IMF

2017 ◽  
Vol 24 (3) ◽  
pp. 331-356 ◽  
Author(s):  
Charles A. E. Goodhart ◽  
Duncan J. Needham
Keyword(s):  
World War Ii ◽  
National Accounts ◽  
World War ◽  
Monetary Aggregates ◽  
System Of National Accounts ◽  
Flow Of Funds ◽  
Time Deposits ◽  
Monetary Authorities ◽  
The Uk ◽  
The International Monetary Fund

The British monetary authorities have traditionally focused on broader monetary aggregates than their counterparts elsewhere. The reasons include: the willingness of UK banks to allow customers to make payments by drawing on time deposits, the particularities of the UK approach to managing the national debt and the foreign exchange reserves, and the flow-of-funds system of national accounts developed after World War II. This article outlines these reasons, and explores the implications for the UK's often fractious relationship with the International Monetary Fund during the 1950s and 1960s. It explains why IMF conditionality on loans to the UK focused on broad aggregates.

How Is Foreign Aid Spent? Evidence from a Natural Experiment

2009 ◽  
Vol 1 (2) ◽  
pp. 225-244 ◽  
Author(s):  
Eric Werker ◽  
Faisal Z Ahmed ◽  
Charles Cohen
Keyword(s):  
Foreign Aid ◽  
Natural Experiment ◽  
Aggregate Demand ◽  
Balance Of Payments ◽  
Capital Flight ◽  
National Accounts ◽  
Financial Account ◽  
Domestic Savings ◽  
Short Run ◽  
The Impact

We use oil price fluctuations to test the impact of transfers from wealthy OPEC nations to their poorer Muslim allies. The instrument identifies plausibly exogenous variation in foreign aid. We investigate how aid is spent by tracking its short-run effect on aggregate demand, national accounts, and balance of payments. Aid affects most components of GDP though it has no statistically identifiable impact on prices or economic growth. Much aid is consumed, primarily in the form of imported noncapital goods. Aid substitutes for domestic savings, has no effect on the financial account, and leads to unaccounted capital flight. (JEL F35, O19)

Integrated System of National Accounts for Pakistan: Concepts, Sources and Methods in Brief

1991 ◽  
Vol 30 (4II) ◽  
pp. 799-818
Author(s):  
Ivo C. Havinga ◽  
W. A. Van Den Andel
Keyword(s):  
Integrated System ◽  
Present System ◽  
Systematic Design ◽  
National Accounts ◽  
Comprehensive Review ◽  
System Of National Accounts ◽  
Flow Of Funds ◽  
Economic Production ◽  
Economic Statistics ◽  
Institutional Sector

The function of the national accounts is to provide an interrelated and consistent set of economic statistics of the transactors in the economy. Those statistics relate to the circular flow in the economy of production, consumption and accumulation. They are used to assess the performance of the economy and should facilitate the application of economic theory. In Pakistan, a systematic design of the system of national·accounts has been lacking. Basically, the system is limited to macro economic production statistics on value-ad~ed by sectors and expenditure series. Moreover, the present system lacks internal consistency checks. Discrepancies cannot be assessed due to the existence of residual sectors. As a result, the national accounls have not been exploited in their function for the evaluation of the performance of the economy. During the mid-1980s, a comprehensive review of the system was made to improve the national accounts. The recommendations which were formulated after the review stated that: The system should be rebased from 1959-60 to 1980-81; The system should be extended to include input-output tables, flow-of-funds and institutional sector accounts; and The system should adopt the integrated national accounts concepts.

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