Relationship between Assets Positions and Financial Autonomy of the Self-Governing Regions in the Slovak Republic

The adequate equity position is necessary for ensuring the performance of original and transferred competences of the self-governing regions. Assets owned by the self-governing regions help to provide public goods and enable them to do own business. Business activities of the self-governing regions...

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Bibliographic Details
Main Authors: Slávka Sedláková, Zlata Vaľovská
Format: Article
Language:ces
Published: Trnava University, Faculty of Law 2015-03-01
Series:Societas et Iurisprudentia
Subjects:
Online Access:http://sei.iuridica.truni.sk/archive/2015/01/SEI-2015-01-Studies-Sedlakova-Slavka-Valovska-Zlata.pdf
Description
Summary:The adequate equity position is necessary for ensuring the performance of original and transferred competences of the self-governing regions. Assets owned by the self-governing regions help to provide public goods and enable them to do own business. Business activities of the self-governing regions allow supporting the development of deficient activities in the region and increase the local competitive environment, which also contributes to its economic prosperity. The aim of the paper is to analyze the utilization rate of the assets of the self-governing regions in the Slovak Republic in obtaining additional sources of funding for the period of years 2008 – 2012. The results show a positive relationship between the value of fixed assets and income from the Slovak self-governing regions’ property ownership and doing business in the period of years 2008 – 2012. Therefore, we can talk about a positive impact of assets ownership of the Slovak self-governing regions in relation to increasing their rate of self-financing and financial independence.
ISSN:1339-5467