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Management of Working Capital and Capital Structure in Relation to the Economic Value Added of Selected Companies in the Czech Republic

In: Advances in Empirical Economic Research

Author

Listed:
  • Markéta Šeligová

    (Silesian University in Opava, School of Business Administration in Karviná)

Abstract

The article focuses on the management of working capital and capital structure in relation to the economic added value of companies in the Czech Republic. The aim of this article is to evaluate whether the components of working capital and capital structure affect the development of economic value added by companies in the Czech Republic. In order to fulfil the aim of the article, the method of comparison, correlation analysis, and generalised method of moments (GMM method) will be used. 3500 companies operating according to the CZ-NACE classification in manufacturing in the Czech Republic will be included in the research. The sample of data will include data on an annual basis for the period 2007–2018. The result will be to determine whether and how the components of working capital and capital structure may affect the development of economic value added of companies operating in the manufacturing industry in the Czech Republic. The research found a negative impact of variables such as net working capital, cash ratio and financial debt ratio on economic value added. Furthermore, a positive dependence on working capital, equity ratio and debt-equity ratio on economic value added was demonstrated.

Suggested Citation

  • Markéta Šeligová, 2023. "Management of Working Capital and Capital Structure in Relation to the Economic Value Added of Selected Companies in the Czech Republic," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Empirical Economic Research, chapter 0, pages 341-356, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-22749-3_21
    DOI: 10.1007/978-3-031-22749-3_21
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