Compliance with Golden Rules of Fiscal Policy in Construction Companies

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dc.contributor.authorVítková, Evacs
dc.contributor.authorKocourková, Gabrielacs
dc.coverage.issue1cs
dc.coverage.volume219cs
dc.date.issued2023-03-22cs
dc.description.abstractThe present-day situation is associated with less optimistic economic development. At the turn of 2019/2020, the world was struck by a coronavirus pandemic that affected both the economy of the entire country represented mainly by industries and the social level of the population. More than ever, corporate management adhered to the established business rules which include certain fiscal policy rules. These fiscal rules are theoretically referred to as the Golden Rules of Fiscal Policy [1] [2] [3]. These Golden Rules of Fiscal Policy include 4 rules related to assets, sources of asset coverage, their longevity and the investment growth rate. The Golden Rules of Fiscal Policy apply in general to any business subject. However, this paper focuses solely on the construction industry. The aim of the paper is to find out, on a sample of construction companies operating in the Czech Republic, whether they comply with the Golden Rules of Fiscal Policy within their operation and compare these values to the national average. The sample of construction companies was chosen on the basis of carrying out the same activities, the same size in terms of the number of employees, amount of turnover and amount of assets, and operating in the same region of the Czech Republic. The national average of values under the Golden Rules of Fiscal Policy was determined from the statistical data published by the Ministry of Industry and Trade of the Czech Republic (MIT) on its website [4]. Methods of both vertical and horizontal analyses, which represent the basic methods of financial analysis, were used to determine the values of individual Golden Rules of Fiscal Policy for construction companies.en
dc.formattextcs
dc.format.extent1626-1633cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationProcedia Computer Science. 2023, vol. 219, issue 1, p. 1626-1633.en
dc.identifier.doi10.1016/j.procs.2023.01.455cs
dc.identifier.issn1877-0509cs
dc.identifier.orcid0000-0002-2028-953Xcs
dc.identifier.orcid0000-0002-7710-767Xcs
dc.identifier.other183180cs
dc.identifier.researcheridAAA-6885-2019cs
dc.identifier.researcheridAAD-9545-2019cs
dc.identifier.scopus57159908500cs
dc.identifier.scopus57205165268cs
dc.identifier.urihttp://hdl.handle.net/11012/213652
dc.language.isoencs
dc.publisherElseviercs
dc.relation.ispartofProcedia Computer Sciencecs
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S1877050923004660cs
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1877-0509/cs
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/cs
dc.subjectConstruction CompaniesGolden Rules of Fiscal PolicyVertical Analysisen
dc.titleCompliance with Golden Rules of Fiscal Policy in Construction Companiesen
dc.type.driverconferenceObjecten
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-183180en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:45:12en
sync.item.modts2025.01.17 16:44:49en
thesis.grantorVysoké učení technické v Brně. Fakulta stavební. Ústav stavební ekonomiky a řízenícs
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