Analysis of development of the Czech enterprises

Abstract

The efficiency of the Czech companies in period 1996-2004, measured by return on capital and revenues, did not develop very favorably, only in the year 2000 came the turn. This contribution examines the factors that influenced this development and indicates the ways pointing to improvement. Even though the common Czech industrial company was only seldom created of economic value added, it is evident the positive influence of macroeconomic remedies accepted in the field of the price of credit capital and of legal entity income tax. Also another factors, that the performed analysis does not study, can be certain the accelerator of the efficiency growth - as for example the structural changes of branches, inflow of foreign investments, changes in the field of human capital, company culture, ethics, etc.