Politická ekonomie 2022, 70(3):312-340 | DOI: 10.18267/j.polek.1352
Estimates of Future Industrial Development in the Context of Company Size
- a Department of Economics and Management, Faculty of Social and Economic Studies, Jan Evangelista Purkyně University in Ústí nad Labem, Czech Republic
- b Department of Mathematics and Statistics, Faculty of Social and Economic Studies, Jan Evangelista Purkyně University in Ústí nad Labem, Czech Republic
The expected development of economic reality is a determining variable for many companies and their demand planning. Do their reflections on future market development differ depending on how big the companies are? The study focused on business cycle indicators that the Czech Statistical Office (CZSO) publishes regularly. Until 2017, the CZSO published these indicators sorted according to company size, but then it abandoned the division. This study aims to evaluate whether the size of companies affects their estimate of future demand and to use these results to point out whether the termination of the publishing of these indicators, broken down by company size, was justified. The data were evaluated with correlation and cluster analysis. The research confirms that the nature of the forecasts for different-sized companies varies in terms of examined prediction indicators. Small and medium-sized companies agree in their projections, and large companies (in general) are more pessimistic than small and medium-sized ones. The breakdown made according to the size of companies should be maintained as it is an essential signal for policymakers.
JEL classification: E66, M21, O50
Vloľeno: 29. červen 2021; Revidováno: 26. leden 2022; Přijato: 14. únor 2022; Zveřejněno: 4. červenec 2022 Zobrazit citaci
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