The effect of the exchange rate on industry-level trade flows in Czechia

Šimáková, Jana; Stavárek, Daniel

doi:10.15240/tul/001/2015-4-011

Cited by 7 publications

(5 citation statements)

References 29 publications

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“…A product-level studies have so far been applied to the Czech Republic during 1993-2013. Šimáková and Stavárek (2015) confirm by Johansen cointegration test the presence of long-term relationship with the exchange rates for almost all the sub-trade balance of the Czech Republic and demonstrate beneficial effects of depreciation. Vector error correction model in this case do not show almost no statistically significant relationships.…”

Section: Theoretical Background and Literature Reviewsupporting

confidence: 56%

Product-level analysis of relationship between Czech koruna and Czech foreign trade

Šimáková¹

2016

9th International Scientific Conference “Business and Management 2016”

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Paper is aimed to evaluate effects of exchange rates on the Czech bilateral trade divided into product categories. Paper assumes that different traded product categories are characterized by different price elasticity and every market consists of different consumer and producer behavior patterns, so the study applies territorial and commodity approach to foreign trade disaggregation. Long term effects are assessed by Johansen cointegration and short term effects by vector error correction model. Analysis for the period 1999 -2014 on the SITC 1 and 2 digit data shows that bilateral and majority of commodity trade balances are cointegrated with bilateral exchange rate.

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Section: Theoretical Background and Literature Reviewsupporting

confidence: 56%

Product-level analysis of relationship between Czech koruna and Czech foreign trade

Šimáková¹

2016

9th International Scientific Conference “Business and Management 2016”

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“…Product-level studies have been applied to the Czech Republic for the period 1993 to 2013 and to Poland for 1997 to 2013. Šimáková and Stavárek (2015) confirmed, by using the Johansen cointegration test, the presence of a long-term relationship with the exchange rates for almost all the sub-trade balance of the Czech Republic and demonstrated the beneficial effects of depreciation on agricultural products. The vector error correction model, in this case, did not show any statistically significant relationship and agri-food trade remains free of the J-curve effect.…”

Section: Synthesizing the Published Evidencementioning

confidence: 72%

Assessing exchange rate sensitivity of bilateral agricultural trade for the Visegrad countries

Šimáková

2017

Outlook Agric

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This article examines the short- and long-term effects of exchange rate changes on bilateral agricultural foreign trade for the Visegrad countries. Data used in this study covered the period from 1999: Q1 to 2014: Q3 and were based on the Standard International Trade Classification. To distinguish the long-term effects from the short-term ones, the J-curve theory was applied. A Johansen cointegration test and a vector error correction model were also used. The analyses showed that food, live animals, beverages and tobacco commodities were significantly connected with exchange rate movements in the long term. The effects of currency depreciation were ambiguous. However, an improvement in particular trade balances was observed in most cases following currency depreciation. The J-curve pattern was confirmed only for the Czech Republic in the trade of food and live animals with Italy and Poland and for Hungary in the trade of beverages and tobacco with Italy.

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“…& Gaban, ; 2016). Price of shares outstanding is seen as a measure the company's value in eyes of society so less attractive to repurchase the same as investing into other sectors (Simakova, & Stavárek;2015). All this shows that aspects of existing theories in economic situation, strategies, and objectives of management companies must take precedence in profit.…”

Section: Introductionmentioning

confidence: 99%

Trends in Free Cash Flow Company of The Issuer Stock Exchange

Bararuallo¹,

Lara²

2019

(GJEB)

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This study aims to examine the tendency of prioritizing management companies listed on Indonesia Stock Exchange (IDX) allocate free cash flow. Respondents there were 23 companies listed on IDX who has a wealth of at least the IDR 1.2 trillions. Questionnaires were sent based on four economic situation, namely: the situation is stable or normal, getting better, getting worse, and the uncertain economic situation. The fourth economic situation is faced with five options for allocating free cash flow, namely: payment of cash dividends, buy back stock, make acquisitions, purchase of financial assets, and distribute it to other areas of investment, such as option's Mutual Funds. Incidentally Indonesia's economic situation was observed 2015-2016 is the worsening situation in which the rupiah exchange rate against the USD around IDR 14,500. Similar to the economic situation in 1997/ 1998. The results show that the worsening economic situation the management of companies listed on IDX prefers: the purchase of shares and investments in other business fields, followed by The purchase of financial assets and acquisitions, and payment of cash dividends in the final choice

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The effect of the exchange rate on industry-level trade flows in Czechia

Cited by 7 publications

References 29 publications

Product-level analysis of relationship between Czech koruna and Czech foreign trade

Product-level analysis of relationship between Czech koruna and Czech foreign trade

Assessing exchange rate sensitivity of bilateral agricultural trade for the Visegrad countries

Trends in Free Cash Flow Company of The Issuer Stock Exchange

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