Jana Simakova

• Silesian University in Opava

This paper aims to analyze the impact of exchange rates on international trade in the manufacturing sector in selected Central and Eastern European (CEE) countries. To accomplish this, a distinctive combination of econometric techniques is employed, enabling an assessment of both macro- and micro-level perspectives concerning the mutual relationshi...

This paper aims to evaluate the influence of investment and R&D expenditures on the performance of large companies that are headquartered in the Europe using regression analysis of the generalized method of moments. The independent control variables are GDP per capita and the interest rate represented by the yield of 10-year state bonds. The sample...

The aim of the paper is to evaluate the effect of exchange rates on the stock prices of companies in the chemical industry listed on the stock exchanges in the Visegrad Four countries. The empirical analysis was performed from September 2003 to June 2016 on companies from the petrochemical and pharmaceutical industry. The effect of the exchange rat...

Purpose – The purpose of this paper is to estimate and evaluate the impact of macroeconomic fundamentals on stock prices of selected food and drink industry stocks during the period of 2005–2015, which saw the global financial crisis and its aftermath. Design/methodology/approach – The paper employed correlation analysis and the Johansen cointegrat...

Previous studies of the effects of exchange rate changes on Czechia’s trade balance have assumed symmetric effects on the trade balance or assumed its linear adjustment. The aim of this article is to evaluate the asymmetric effects of the CZK/EUR exchange rate on the most important segment of Czechia’s foreign trade. The period from 1999 to 2014 wa...

Company's involvement in global activities through international trade is the primary source of their foreign exchange exposure. Many empirical studies suggest the negative impact of uncertainty about the development of the exchange rate on cash flow and profitability of companies, and thus their market values. Some economic studies show that forei...

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...

The paper deals with the relationship between exchange rates and foreign trade. The aim of this paper is to reveal the long-term effects of the level of exchange rates on the trade balances of the Visegrad Countries. As the different product categories are characterized by different price elasticity, exchange rate uncertainty sensitivity and countr...

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 appro...

This paper is the first study to use the disaggregated data of the Czech foreign trade to examine the effect of exchange rate levels and volatility on trade flows. We analyze the period from 1993 to 2013 and disaggregate the data according to trading partner and product category. The detailed results obtained from empirical estimations clearly show...

This paper contributes to the economic literature on the impact of exchange rate volatility on Hungary's foreign trade. Basic gravity model shows that trade volume between a pair of countries is an increasing function of their sizes (GDP) and a decreasing function of the distance between them. Additional factors included in extended model are popul...

The aim of this paper is to explore differences in the long term and short term relationship between bilateral exchange rate development of the Czech koruna and international trade flows with various groups of products. We consider the major trading partners of the Czech Republic (Germany, Slovakia, Poland, France, Italy and Austria) and selected p...

The aim of the paper is to investigate the impact of exchange rate development on bilateral trade flows between Czech Republic and its major trading partners. This paper explores J-curve pattern and relationship between exchange rate volatility and trade flows using quarterly data over the period 1997 - 2012. We employ a Johansen cointegration test...

This paper empirically investigates the impact of change in exchange rate on export and import flows between Slovakia and its major trading partners. Devaluation or depreciation of a currency worsens the trade balance before improving it, resulting in a J-curve pattern. For the purpose of this paper, aggregated and disaggregated approaches are used...

Resulting in a J-curve pattern, the devaluation or depreciation of a currency worsens the trade balance before improving it. The aim of the paper is to investigate the J-curve effect in bilateral trade flows between Hungary and its major trading partners: Germany, Austria, Italy, France, the Netherlands, the United Kingdom, Poland and the Czech Rep...

This article focuses on the relationship between oil and gold prices. The aim of this article is to analyze and determine the character of the co-movement between price levels. This article also presents the basic characteristic and determinants of current price trends. This work uses methods of analysis and synthesis of theoretical knowledge from...