ALTER EGO ONLY FOUR TIMES? THE CASE STUDY OF BUSINESS PROFITS IN THE VISEGRAD GROUP

Globalization is the process of international integration arising from the interchange of world views, products, ideas and other aspects of the culture. Globalization brings together new opportunities also new threads (Vagner, 2016). Many studies have been published that assess business environment quality, risk, determinants, and influencing factors (Rowland, 2019). The enterprises must define the nature of the profit, the conditions of its creation, their importance for society, the legislative framework, the particular aim and also the financing conditions in the country (Vagner & Zadnanova, 2019) to be on the side of winners in the global market. The aim of this paper is to detect significant change-points in times series of EBITDA during the analysed period in every country of the Visegrad Group to recognize the progress years in the monotonic development. We identify the research gap in this issue because no studies focus on homogeneity of time series of business profit both in the area of Visegrad group and in the European Union.