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Financial health of beneficiaries of Czech and Slovak Operational Program Environment

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  • Dagmar Čámská

Abstract

This paper is focused on the financial health of beneficiaries who are supported by EU funds in the Czech Republic and Slovak Republic. The Operational program Environment is selected for our further analysis because it exists in both the Czech Republic and the Slovak Republic and the second most important in the aspect of total money allocation in both countries. The supported units are divided into two groups - business and others. The financial health of supported business units is evaluated with the help of Altman Z-Score model predicting financial distress. The financial situation is valuated for Czech and Slovak companies and the results are compared. Differences are explained in the part Discussion.

Suggested Citation

  • Dagmar Čámská, 2013. "Financial health of beneficiaries of Czech and Slovak Operational Program Environment," Ekonomika a Management, Prague University of Economics and Business, vol. 2013(1), pages 5-15.
    • Handle: RePEc:prg:jnleam:v:2013:y:2013:i:1:id:184:p:5-15
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    More about this item

    Keywords

    Operational Program Environment; Financial health; Comparison of companies in the Czech and Slovak Republic.; Operační program životní prostředí; Finanční zdraví; Komparace podniků České a Slovenské republiky;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other

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