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JCR Category: Business in ESCI edition

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2023) 1.2 Q4
Journal Citation IndicatorTM (2023) 0.33 Q3
Received: 2024-11-08  |  Accepted: 2025-02-09  |  Published: 2025-03-30

Title

Development trends in the financial performance of construction companies in the Czech Republic and abroad


Abstract

The construction industry plays a significant role in the economic growth of many developed countries, helping to keep the economy steady and growing. In places like the Czech Republic, the construction sector builds essential things like roads and buildings, creates many jobs, and helps other industries grow. This article examines how construction companies are doing financially, with a focus on the Czech Republic and how it compares to nearby countries. By looking at data from the past eight years, this study provides a complete picture of the construction industry's performance, using a special method called the Winsorized mean to ensure fair comparisons. The study shows economic changes, new regulations, and demand affect construction companies' performance. In recent years, challenges such as increasing costs of materials, a shortage of skilled workers, and stricter rules have affected their performance. However, the sector continues to be vital. This article also examines factors that could influence the construction industry's future. These factors include using environmentally friendly building methods, improving technology like automation, and managing resources more efficiently. By dealing with today's problems and taking advantage of future chances, the construction industry can continue to be a key driver of economic growth in the Czech Republic and other countries.


Keywords

financial performance, construction industry, Winsorized mean, analyze, Visegrad Group, EU


JEL classifications

M21 , G32


URI

http://jssidoi.org/jesi/article/1283


DOI


Pages

158-168


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Sobotková, Nikola
Brno University of Technology, Brno, Czech Republic https://www.vutbr.cz
Articles by this author in: CrossRef |  Google Scholar

Bartoš, Vojtěch
Brno University of Technology, Brno, Czech Republic https://www.vutbr.cz
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

12


Number

3


Issue date

March 2025


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 231  |  PDF downloads: 151

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