Estimates of Future Industrial Development in the Context of Company Size

Lucie Povolná, Michaela Jánská and Marta Žambochová

Politická ekonomie, 2022, vol. 2022, issue 3, 312-340

Abstract: 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-codes: E66 M21 O50 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.18267/j.polek.1352

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