National and Foreign-controlled Companies Operating in Development Acitvities in Czechia and Aspects of their Capital Structure Management

Abstract

Entities operating in the field of development activities show significant specifics, including a high level of indebtedness. Given the nature of development projects, which are long term, and ther financial complexity, companies take, at the same time, high risks. Therefore, there is need of high standard of financial management and risk management in this type of companies. The aim of the paper was to provide information regarding return on equity and point out the risk factors of financial management. A partial aim of the conducted preliminary research was to indentify and evaluate selected differences in financial management of national companies and foreing-controlled companies.