Záznam přidán/aktualizován: 11. července 2022 v 10.21 hod.
Nositelé Nobelovy ceny za ekonomii pro rok 2021
Pavel Sirůček, Tomáš Pavelka
Politická ekonomie 2022, 70(3):383-392
Stati
Predikční schopnost Altmanova Z-skóre evropských soukromých společností
Predictive Ability of Altman Z-score of European Private Companies
Svatopluk Kapounek, Jan Hanousek, František Bílý
Politická ekonomie 2022, 70(3):265-287 | DOI: 10.18267/j.polek.1353
The paper investigates the relationship between the financial distress of European private companies identified by the Altman Z-score and real bankruptcy. We extend the traditional Z-score with the asymmetric effect of economic activity. Our results show higher forecasting performance of the Altman Z-score of large companies in a three-year projection. We argue that our results differ from Altman (1968) because of specific market conditions in Europe that enable prolongation of activity after financial distress is identified. We also emphasize the role of liquidity, size, performance and indebtedness in increasing financial distress forecasting...
Akcie, zlato a inflace - vztahy a souvislosti v posledních 25 letech
Stocks, Gold and Inflation – Relationships and Contexts Over the Last 25 Years
Zbyněk Revenda, Markéta Arltová
Politická ekonomie 2022, 70(3):288-311 | DOI: 10.18267/j.polek.1355
Monetary metals have historically been important in providing limits to the quantity of money. The mandatory backing of money with gold or silver was gradually circumvented and abolished. Both precious metals have thus become, among other things, investment assets associated with returns and risks. They may or may not be profitable and safe. The absence of precious metal limits has led to a significantly faster devaluation of money. However, inflation may also be reflected in rising market prices for financial and real assets. This paper analyses the potential interrelationships between inflation, market prices of shares in the S&P...
Estimates of Future Industrial Development in the Context of Company Size
Lucie Povolná, Michaela Jánská, Marta Žambochová
Politická ekonomie 2022, 70(3):312-340 | DOI: 10.18267/j.polek.1352
Monetary metals have historically been important in providing limits to the quantity of money. The mandatory backing of money with gold or silver was gradually circumvented and abolished. Both precious metals have thus become, among other things, investment assets associated with returns and risks. They may or may not be profitable and safe. The absence of precious metal limits has led to a significantly faster devaluation of money. However, inflation may also be reflected in rising market prices for financial and real assets. This paper analyses the potential interrelationships between inflation, market prices of shares in the S&P 500 index, and...
Identifikácia potenciálne nezodpovedného správania sa spoločností voči správcovi dane
Identification of Potentially Irresponsible Behaviour of Companies Towards the Tax Administrator
Anna Schultzová, Jaroslava Šepeľová, Marcela Rabatinová, Juraj Válek
Politická ekonomie 2022, 70(3):341-360 | DOI: 10.18267/j.polek.1351
Irresponsible behaviour practices of tax entities are becoming more sophisticated. In addition to repressive tools, the tax administrator may use a proactive approach to detect an entity’s illegal activity. The paper aims to identify the relevant factors and assess their impact on estimating the probability of irresponsible behaviour of companies towards the tax administrator in individual sectors of the economy. Based on data from financial statements, we monitored the characteristic features of tax-responsible and tax-irresponsible companies in the Slovak Republic in the period 2015–2018 in 15 sec- tors. We created predictive models...
Konzultace
Konkurence a monopol v předkeynesovské neoklasice a koncepce J. Robinsonové a E. Chamberlina
Competition and Monopoly in Pre-Keynesian Neoclassicism and the Concepts of J. Robinson and E. Chamberlin
Ilona Bažantová, Jan Horych
Politická ekonomie 2022, 70(3):361-382 | DOI: 10.18267/j.polek.1346
Irresponsible behaviour practices of tax entities are becoming more sophisticated. In addition to repressive tools, the tax administrator may use a proactive approach to detect an entity’s illegal activity. The paper aims to identify the relevant factors and assess their impact on estimating the probability of irresponsible behaviour of companies towards the tax administrator in individual sectors of the economy. Based on data from financial statements, we monitored the characteristic features of tax-responsible and tax-irresponsible companies in the Slovak Republic in the period 2015–2018 in 15 sec- tors. We created predictive models...