European Subsidies As a Factor Incerasing the Competitiveness of Companies in the Czech Republic
| Authors | |
|---|---|
| Year of publication | 2012 |
| Type | Article in Periodical |
| Magazine / Source | The Journal of American Academy of Business, Cambridge |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | competitiveness subsidies |
| Description | The article deals with the question if subsidies from the European funds have influenced competitiveness of the industrial companies in the Czech Republic. The primary research was carried out on the sample of 144 enterprises which answered several questions and provided financial statements from the past five accounting periods. These data were used as an input for financial analysis, cluster analysis and particular univariate and bivariate analyses to divide the companies into three clusters according their financial performance and evaluate the impact of the subsidy on their competitiveness. The conclusion gives evidence about different companies’ attitude to European subsidies and sum up the influence of this enormous financial support on their competitiveness. |