Factors of credit ratings for transfer pricing of loans in European conditions

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dc.contributor.authorBoďa, Martin
dc.contributor.authorBrychta, Karel
dc.contributor.authorIštok, Michal
dc.contributor.authorSolilová, Veronika
dc.date.accessioned2025-09-19T09:09:34Z
dc.date.available2025-09-19T09:09:34Z
dc.date.issued2024
dc.descriptionIn: Politická ekonomie : vědecký časopis : teorie, modelování, aplikace. Praha : Nakladatelství Oeconomica, Vysoká škola ekonomická, 2024. ISSN 0032-3233. Vol. 72, no. 5 (2024), pp. 727-751.
dc.description.abstractIn accord with international transfer pricing regulations, the borrower's creditworthiness is the main factor to be reflected in valuation of cross-border loan transactions between associated enterprises. However, trouble invariably arises for small and medium-sized enterprises that do not have an assigned credit rating. The aim of this paper is to determine the most reliable predictors of a company's credit rating for European entities facing missing rating coverage for the purpose of transfer pricing. Based on 2015-2019 data sourced from the Orbis database, the study examines key financial ratios and non-financial information that could be instrumental in reconstructing a long-term rating category of a company assigned by Moody's Investors Service. The results identify interest coverage as the most useful predictor. Therefore, a law-approved and tax-acceptable approach to pricing of financial transactions between unrated parties (i.e., without credit rating) should preferably exploit interest coverage as a link to the otherwise missing ratings.
dc.description.sponsorshipTAČR TL05000328 Stanovení obvyklé ceny u finančních transakcí náhledem principu tržního odstupu VEGA 1/0579/21 Výskum determinantov a paradigiem finančného manažmentu v kontexte pandémie COVID-19
dc.identifier.issn0032-3233
dc.identifier.issn2336-8225
dc.identifier.urihttps://repo.umb.sk/handle/123456789/864
dc.language.isoen
dc.publisherNakladatelství Oeconomica, Vysoká škola ekonomická : Praha
dc.rightsCC BY-NC-ND Creative Commons Attribution-NonCommercial-NoDerivatives 4.0. International
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectúverové ratingy
dc.subjectcredit ratings
dc.subjecttransferové oceňovanie
dc.subjecttransfer pricing
dc.titleFactors of credit ratings for transfer pricing of loans in European conditions
dc.typeArticle
dc.typeinfo:eu-repo/semantics/article

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