Public funds in theory of financial structure a company in Czech Republic
Mutually beneficial co-existence of the private and state sectors can be seen as proven in theory. The proof is the concept of a two-sector economy of A. Wagner (1835–1917), while, in Wagner’s view, the importance of the state sector should grow (Wagner’s law). State finance is understood in this co...
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| Format: | Article |
| Language: | English |
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Mendel University Press
2013-01-01
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| Series: | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| Subjects: | |
| Online Access: | https://acta.mendelu.cz/61/2/0367/ |
| _version_ | 1819127054720827392 |
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| author | František Kalouda |
| author_facet | František Kalouda |
| author_sort | František Kalouda |
| collection | DOAJ |
| description | Mutually beneficial co-existence of the private and state sectors can be seen as proven in theory. The proof is the concept of a two-sector economy of A. Wagner (1835–1917), while, in Wagner’s view, the importance of the state sector should grow (Wagner’s law). State finance is understood in this context as a tool used to achieve social justice, and in general as a socially stabilizing element.In conditions of real Czech economy, the relationship between the state and private sectors is shown in the form of subsidies for businesses enterprises; although at first sight the available data do not demonstrate the key role of public finance. Another form of limited understanding of the importance of public funds is the concept of financial structure of a company understood by contemporary theory of finance of firm (in Czech context) as a set of sources for financing entrepreneurial activities – public funds are virtually not mentioned here.The aim of the paper is to contribute to correct this shift in understanding of the importance of public finance and to bring it nearer both to the original theoretical concept (A. Wagner) and to reality, both in quantitative and qualitative terms.Main focus of this paper is to the Czech Republic circumstances. For the comparison are here presented available data from other countries and global data as well. |
| first_indexed | 2024-12-22T08:05:50Z |
| format | Article |
| id | doaj.art-86a885b2e7f340e080d9955139d19e2b |
| institution | Directory Open Access Journal |
| issn | 1211-8516 2464-8310 |
| language | English |
| last_indexed | 2024-12-22T08:05:50Z |
| publishDate | 2013-01-01 |
| publisher | Mendel University Press |
| record_format | Article |
| series | Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis |
| spelling | doaj.art-86a885b2e7f340e080d9955139d19e2b2022-12-21T18:33:08ZengMendel University PressActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis1211-85162464-83102013-01-0161236737610.11118/actaun201361020367Public funds in theory of financial structure a company in Czech RepublicFrantišek Kalouda0Department of Finance, Masaryk university, Faculty of Economics and Administration, Lipová 41a, 602 00 Brno, Czech RepublicMutually beneficial co-existence of the private and state sectors can be seen as proven in theory. The proof is the concept of a two-sector economy of A. Wagner (1835–1917), while, in Wagner’s view, the importance of the state sector should grow (Wagner’s law). State finance is understood in this context as a tool used to achieve social justice, and in general as a socially stabilizing element.In conditions of real Czech economy, the relationship between the state and private sectors is shown in the form of subsidies for businesses enterprises; although at first sight the available data do not demonstrate the key role of public finance. Another form of limited understanding of the importance of public funds is the concept of financial structure of a company understood by contemporary theory of finance of firm (in Czech context) as a set of sources for financing entrepreneurial activities – public funds are virtually not mentioned here.The aim of the paper is to contribute to correct this shift in understanding of the importance of public finance and to bring it nearer both to the original theoretical concept (A. Wagner) and to reality, both in quantitative and qualitative terms.Main focus of this paper is to the Czech Republic circumstances. For the comparison are here presented available data from other countries and global data as well.https://acta.mendelu.cz/61/2/0367/Czech Republicstate and private sectorpublic fundsfinancial structure of a companymoral hazard |
| spellingShingle | František Kalouda Public funds in theory of financial structure a company in Czech Republic Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Czech Republic state and private sector public funds financial structure of a company moral hazard |
| title | Public funds in theory of financial structure a company in Czech Republic |
| title_full | Public funds in theory of financial structure a company in Czech Republic |
| title_fullStr | Public funds in theory of financial structure a company in Czech Republic |
| title_full_unstemmed | Public funds in theory of financial structure a company in Czech Republic |
| title_short | Public funds in theory of financial structure a company in Czech Republic |
| title_sort | public funds in theory of financial structure a company in czech republic |
| topic | Czech Republic state and private sector public funds financial structure of a company moral hazard |
| url | https://acta.mendelu.cz/61/2/0367/ |
| work_keys_str_mv | AT frantisekkalouda publicfundsintheoryoffinancialstructureacompanyinczechrepublic |