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Liquidity of Enterprises in Agriculture and Its Determinants
Steklá, Jana ; Homolka, Jaroslav (advisor) ; Mach, Jiří (referee)
The dissertation thesis with the title "Liquidity of Farm Enterprises and Its Determinants" is focused on evaluating the liquidity of Czech farm enterprises which are divided according to area of the agricultural land. Data are obtained from the database Albertina which are adjusted to panel data, the total there are analyzed 1 372 enterprises for the period of nine years, i.e. from 2007 to 2015. The methods used in this research are fixed effects model, Kruskal-Wallis test, the Fuller method and the method of Topsis. Determinants of cash flow, net working capital, return on assets, growth in sales and other operating revenues have the positive impact on liquidity; determinants of cash conversion cycle, size of firm and indebtedness have a negative impact on liquidity.
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