Aktuální problémy strategického finančního řízení podniků v ČR
Jméno a příjmení autora:
Milan Hrdý, Michaela Horová
finance, strategic management, questionnaire research, companies
DOI (& full text):
Strategic financial management represents a very important part of the management of the firm. It is necessary for the going-concern principle and for the survival of the companies under very…více
Strategic financial management represents a very important part of the management of the firm. It is necessary for the going-concern principle and for the survival of the companies under very complicated economic conditions. The financial manager must know the basic theoretical principles and also he must analyse the condition under which he takes his decisions. Strategic financial management includes putting forth the firm´s goals to motivate the organization and pro-vide benchmarks. The organization structure of the firm must be well organized and also support the strategic financial management. This system must also specify authority and responsibility for determination and achievement of strategic targets. The clue part of the strategic financial mana-gement plays financial planning. Strategic financial management is a process that at best helps the firm avoid stumbling into the future backwards. The failures in strategic finacial management or its missing could lead to the bankrupcy of the firm. For that reason we have organized the ques-tionnaire to find out the real situation of the strategic financial management in the Czech Republic. The questionnaire had four parts and was sent to 400 medium firms in the Czech Republic and 290 questionnaires returned. The first part of questionnare is about the strategic management principles, the second about investment decisions and capital structure. The third part solves the system of financial plans and budgets and the fourth the infomation system. The last part of questionnare involves tax policy and strategic financial management. The results were relatively suprising, because a large amout of companies consider the strategic financial management as a very important part of the management of the firm and understand its basic principles. On the other hand there is a few specific areas where are application problems and it is necessary to inform companies about them and help with their solutions.