Naslov
Applying Adaptive Neuro-Fuzzy Inference System (ANFIS) while Analysing Interdependecies of Tax Burden and Capital Structure of Croatian Hotel Companies

Autori
Brlečić Valčić, Sonja ; Samodol, Ante ; Valčić, Marko

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
MIPRO 2020, 43rd International Convention Proceedings / Skala, Karolj - Rijeka : Hrvatska udruga za informacijsku i komunikacijsku tehnologiju, elektroniku i mikroelektroniku - MIPRO, 2020, 1653-1659

Skup
43rd International Convention on Information and Communication Technology, Electronics and Microelectronics (MIPRO 2020) ; Digital Economy and Digital Society (DE/DS 2020)

Mjesto i datum
Opatija, Hrvatska, 28.09.2020. - 02.10.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
capital structure ; taxation ; hotel companies ; ANFIS

Sažetak
Various conducted studies incorporate the effect taxation has on company's financial policy, in particular in terms of the effect that corporate profit tax has on capital structure. This paper focuses on the effect the overall tax burden has on capital structure (sources of funding) of Croatian hotel companies, due to the fact that tourism as an economy branch has great impact on total Croatian GDP. Total tax burden encompasses corporate profit tax and income tax of hotel companies. In the narrow context, the problem also refers to adjustments, in terms of preferences for capital budgeting methods (new way of capital funding, corporate management, profit payment policy and bank - company relations), as well as to solvency and capital structures which banks require, as parts of contemporary concepts and views on corporate finances. The broader context, apart from GDP growth and rational planning of budget by the current government, refers to financial and market friction. Adaptive neuro-fuzzy inference system (ANFIS), as a type of neuro network based on Takagi-Sugeno fuzzy inference system, has been used in this research as an analysis tool to observe the relations, i.e. impacts, rather than as a universal estimator or optimizer.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Informacijske i komunikacijske znanosti

POVEZANOST RADA