Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

An Appreciation of the Impact of the Development of Financial Markets on Financial Decisions made by Corporations in the Czech Republic

Polak, Petr. (2005) An Appreciation of the Impact of the Development of Financial Markets on Financial Decisions made by Corporations in the Czech Republic. Investment Management and Financial Innovations, 2:. pp. 8-17.

[img]
Preview
PDF
Download (538Kb) | Preview

    Abstract

    The article attempts to evaluate the main influences on how money and capital markets have affected corporate finance and treasury in the Czech Republic. There are 5 primary factors identified, which at various times have been suspected of exerting significant influence over corporate financial decisions, i.e.: tax system evolution, interest rates changes, legislative framework, competitive environment in the sector of financial intermediates, pressure from the corporations on the banks towards improved quality of the treasury products offered (this article focuses on the influence of 3 of them). Recent changes in Czech financial markets have had a lasting impact on both financial intermediaries and corporate finance departments and treasuries. And many more changes may be expected to occur in the future, especially in connection with Czech Republic European Union accession in May 2004, and its subsequent incorporation into the Eurozone.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Article
    Uncontrolled Keywords: Tax system evolution; interest rates volatility; legislative framework; financial intermediates; treasury products.
    Subjects for non-EU documents: Countries > Czech Republic
    EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Feb 2008
    Page Range: pp. 8-17
    Last Modified: 15 Feb 2011 17:48
    URI: http://aei.pitt.edu/id/eprint/7521

    Actions (login required)

    View Item

    Document Downloads