Insurance undertakings belong to a group of highly profitable financial institutions, which is connected with higher level of tax liability. However, representatives of ruling parties in the Czech Republic are considering an implementation of new sector tax focused on commercial insurance...

A start of a modern-era financial innovation on capital and financial markets is usually dated around the 1970s. Drawing on two broad assumptions that (i) capital markets are important and (ii) hybrid securities are an important part of capital markets, since hybrid issues exist and continue...

The study presents reconstruction of the Czech industrial real estate market model by using expert data applied along the Fischer-Di Pasquale-Wheaton model. Research shows that literature focuses on office, retail, and residential markets, while industrial real estate sector is being completely...

The paper examines the development of financial performance of Czech subsidiaries under the control of EU-listed companies during the period 2009-2014. Summary statistics of individual corporate data indicate that both the domicile of the parent and the industry affiliation of the subsidiary...

The aim of this paper is to analyze the spatial concentration of local government expenditure in the Czech Republic. Expenditure of the regions, municipalities, and voluntary municipal associations in 2003 and 2015 is analyzed using descriptive statistic, cartographic visualization, and...

This paper investigates the occurrence and patterns of economic voting in the 2006 election for the Chamber of Deputies of the Parliament of the Czech Republic. I construct multinomial logit models which specify the log odds of electoral support for a given political party as function of the...

Our paper strives to analyse quantity and content of voluntary disclosures relating to human resources within annual reports of the largest corporations domiciled in the Czech Republic. In this context, we distinguish disclosures on social responsibility (which are interesting especially for...

The aim of this paper is to analyze the pricing of audit fees in the Czech Republic, and the main emphasis is placed on the relation between audit and non-audit fees. The analysis is based on the annual reports of the listed companies on the Prague Stock Exchange on 31 December 2015. The...

Because the Czech Republic adopted the IFRS for the individual reporting publicly traded companies as well as other companies which are a part of the consolidation under the IFRS, this fact offers the adoption of the IFRS also for taxation supported by the existence of the CCCTB and its possible...

This paper seeks to assess whether the issuers of listed securities report in accordance with IFRS 5 and whether they do it correctly. IFRS 5 is related to the special reporting of assets held for sale and discontinued operations. It requires the entities that follow IFRS accounting rules to use...