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The Impact of the Macroeconomic Environment on the Development of Business Activities

In: Advances in Empirical Economic Research

Author

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  • Tomáš Pražák

    (Silesian University in Opava, School of Business Administration in Karviná, Department of Business Economic and Management)

Abstract

The aim of the chapter is to evaluate the impact of the macroeconomic environment on the financial situation of companies, especially on the risk of financial distress, in the Visegrad Group countries. Bankruptcy models serve as suitable tools for evaluating the financial situation of companies. Furthermore, methods for applied economics as a regression analysis, which capture the relationship between the observed variables, is used. Based on the results, selected GDP indicators and price levels in particular had the strongest impact on the financial situation of enterprises in the period under review 2005–2016. On the contrary, the unemployment rate had the weakest impact on the financial situation of companies. These results can help management in decision-making and setting up internal processes.

Suggested Citation

  • Tomáš Pražák, 2023. "The Impact of the Macroeconomic Environment on the Development of Business Activities," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Empirical Economic Research, chapter 0, pages 803-812, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-22749-3_49
    DOI: 10.1007/978-3-031-22749-3_49
    as

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