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AAK - Acta academica karviniensia

číslo 2017/2
THE RELATIONSHIP BETWEEN SELECTED FINANCIAL INDICATORS AND LIQUIDITY OF COMPANIES IN SELECTED SECTOR IN THE CZECH REPUBLIC
[Vztah mezi vybranými finančními ukazateli a likviditou podniků ve vybraných odvětvích v České republice]
ISSN:
1212-415X (Print)
2533-7610 (Online)
Year [Rok]:
2017
Volume [Ročník]:
XVII
Issue [Číslo]:
2
Authors [Autoři]:
Markéta Šeligová
Abstract [Abstrakt]:
The aim of this paper is to determine the impact of the selected financial indicators on liquidity of companies in selected sectors in the Czech Republic from 2000 to 2015. With the purpose to fulfill the aim, we examine existence and character of relationship between selected financial indicators (debt equity ratio, return on equity, share of fixed assets to total assets, share of earnings before interest and taxes to total assets) and liquidity of the companies in sectors such as mining and quarrying, manufacturing, construction, service sector and energy sector. The existence of relationship between financial indicators and liquidity of companies is tested by correlation analysis and regression analysis. The results show that there is the negative impact of share of fixed assets to total assets on liquidity of companies in service sector in the Czech Republic. The results also confirm a positive influence of return on equity on liquidity of companies and negative influence of debt equity ratio on liquidity of companies in energy sector in the Czech Republic.
Keywords [Klíčová slova]:
correlation, debt equity ratio, fixed assets, leverage ratio, liquidity, regression analysis, return on equity.
JEL classification [JEL klasifikace]:
G32
Page range [Rozpětí stran]:
62 - 72
Full version [Plná verze]: