New Articles – Finance

Capital Structure Analysis – Theories and Determinants Validation Based on Evidence from the Czech Republic

Jana Heckenbergerová, Irena Honková

The optimal capital structure is a key precondition for business, even though the task of defining the optimal capital structure can be difficult. Previous studies present many different and mutually contradictory factors that should be considered with respect to managerial strategic financial decisions. The first part of the presented contribution summarises the effects of the most frequent capital structure determinants and reviews the world’s most important theories about the behaviour of…

DOI (& full text): doi.org/10.15240/tul/001/2023-1-009 more

Sustainable Banking, Financial Strength and the Bank Lending Channel of Monetary Policy

María Cantero-Saiz, Begoña Torre-Olmo, Sergio Sanfilippo-Azofra

The aim of this article is to analyse how sustainable banking affects the transmission of monetary policy through the bank lending channel. We also quantify how these effects are determined by the financial strength of each bank. These objectives, which have not been studied previously, represent an important contribution because real sustainable concerns in banking did not emerged until recently, mainly with the adoption of the Sustainable Development Goals that should be reached by 2030.…

DOI (& full text): doi.org/10.15240/tul/001/2023-1-010 more

EFFECTIVE DETECTION AND PREVENTION OF FRAUD: PERCEPTIONS AMONG PUBLIC AND PRIVATE SECTORS ACCOUNTANTS AND AUDITORS IN SAUDI ARABIA

Faisal D. Alfordy

Globalization has inevitably transmuted fraud into a transnational hazard and raised significant apprehensions. Fraud affects organizations worldwide irrespective of nature, size, profitability, or industry. The pervasive nature of fraud serves a premise to study the menace further. Hence, this research investigated the perceptions among accountants and auditors on the effectiveness of fraud detection and prevention by public and private Saudi organizations. This research presented an…

DOI (& full text): doi.org/10.15240/tul/001/2022-3-007 more

EVALUATION OF THE FINANCIAL HEALTH OF FOOD RETAIL OUTLETS IN A MARKET ENVIRONMENT. A CASE STUDY FROM THE SLOVAK REPUBLIC

Lenka Hudáková Stašová

In this paper, food retail stores are evaluated. The aim of the survey is analysis of their financial health using appropriate statistical methods, to analyse the market position of businesses, to identify weaknesses in businesses that may contribute to a poor financial situation, to compare the results obtained and to submit proposals to improve the current financial health of businesses. The analysed sample is made up of a selection of 50 Slovak businesses. The companies operate in the same…

DOI (& full text): doi.org/10.15240/tul/001/2022-3-008 more

COVID-19 AND DIVIDENDS: EVIDENCE FROM POLAND

Kamil Gemra, Piotr Kwestarz, Waldemar Rogowski, Mariusz Lipski

This paper aims to examine the impact of an unexpected change in the level of dividend caused by the coronavirus (COVID-19) pandemic on share prices on the Polish stock exchange. Our article analyses the period from 1 February 2020 to 5 June 2020, which was when companies listed on the primary market of the Warsaw Stock Exchange (WSE) published information about Boards of Directors’ dividend recommendations for 2019. The original group of companies included 140 firms. 56 companies (40%)…

DOI (& full text): doi.org/10.15240/tul/001/2022-2-006 more