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Influence of Accounting Norms on Dividend Policies in the Czech Republic


  • Jana Ištvánfyová
  • Jiří Pelák


The paper focuses on distribution of unrealized profits. It identifies arguments for such a discussion. Substance of creditor protection, equivalent rights for shareholders and creditors, capital maintenance concepts and accounting aspects of these phenomena are discussed. The paper clearly states and distinguishes the position of accounting and law and identifies relationships between both systems. Authors tend to distribution of unrealized profits for sufficient creditor protection under contemporary capital maintenance concept.

Suggested Citation

  • Jana Ištvánfyová & Jiří Pelák, 2010. "Influence of Accounting Norms on Dividend Policies in the Czech Republic," Český finanční a účetní časopis, University of Economics, Prague, vol. 2010(1), pages 37-47.
  • Handle: RePEc:prg:jnlcfu:v:2010:y:2010:i:1:id:57:p:37-47

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    More about this item


    Dividend per share; Preservation of capital; Distributions to shareholders; Creditor protection; Dividenda; Zachování majetkové podstaty; Rozdělování zisku; Ochrana věřitelů;

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation


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