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The assessment of forestry companies in the Czech Republic with focus on profitability

Author

Listed:
  • M. Levá

    (Department of Trade and Accounting, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic)

  • H. Čermáková

    (Department of Trade and Accounting, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic)

  • M. Stárová

    (Department of Trade and Accounting, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic)

  • H. Vostrovská

    (Department of Trade and Accounting, Faculty of Economics and Management, Czech University of Life Sciences Prague, Prague, Czech Republic)

Abstract

The paper deals with the evaluation of economy of forestry companies. The evaluation stems from the results of economic analyses of enterprises that are further monitored in the context of forestry and development of economic financial ratios of evaluated companies. Furthermore, the evaluation is based on real possibilities of companies stemming from resources which they have at their disposal and on the facts that occurred in the selected companies in the monitored period. The development of important factors influencing the whole branch of forestry and their real state are introduced in the first part of the paper. After that, methods used in financial analysis of enterprises are described. The fact that forest land in the Czech Republic covered 2.66 million hectares in 2014 and its proportion in the total area of the country is 34% adds importance to the topic (Czech Statistical Yearbook 2015).

Suggested Citation

  • M. Levá & H. Čermáková & M. Stárová & H. Vostrovská, 2016. "The assessment of forestry companies in the Czech Republic with focus on profitability," Journal of Forest Science, Czech Academy of Agricultural Sciences, vol. 62(3), pages 116-125.
    • Handle: RePEc:caa:jnljfs:v:62:y:2016:i:3:id:88-2015-jfs
    DOI: 10.17221/88/2015-JFS
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    References listed on IDEAS

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    1. Hildebrandt, Patrick & Knoke, Thomas, 2011. "Investment decisions under uncertainty--A methodological review on forest science studies," Forest Policy and Economics, Elsevier, vol. 13(1), pages 1-15, January.
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