The aim of this paper is to reveal whether there is a relation between public procurement and the election cycle in Prague. The examined data cover the period from 2005 to 2011. Two hypotheses have been set in order to discover whether there is such a relation. The first one postulates that...

Many procedures have been developed that are suited to testing for multiple changes in parameters of regression models which occur at unknown times. Most notably, Brown, Durbin and Evans [11] and Dufour [15], have developed or extended existing techniques, but said extensions lack power for...

The article offers improvement of methods of determining the limit exceeding which additional attraction of money funds does not ensure efficiency of marketing activity. These methods are based on the use of theoretical approach based on analysis of change of marginal utility. This approach lies...

Corporate credit ratings have become more important after the 2008 financial crisis. To explore the mystery, we employ the ordered probit regression models to examine the relationship between the credit rating and financial ratios in electric utilities, chemicals and communications equipment...

A closer look at the spatial distribution of industrial sectors in a country shows that there is a persistent trend for industries to cluster in certain regions in order to benefit from agglomeration advantages. The present paper aims to gain new knowledge on agglomerations in non-Western...

Market channel alternatives that include garden centers, landscapers, mass merchandisers and re-wholesalers have contributed to the growth of ornamental crops sales in the United States (U. S.). The homogenous subpopulation of the U.S. nursery producer was clustered using mixture of export...

This study aims to establish a methodology starting from certain criteria pertaining to the performance level of audited companies, according to which one may achieve a forecast of the changes in the financial audit services market, from the viewpoint of three categories of financial auditors:...