This paper analyzes the tax penalty on volatile personal income under progressive tax rates. The phenomenon may have an effect on long-term entrepreneurial decisions as well as risky occupational choice. An options-based model is used to estimate the expected effective rate due from tax-payers...

The paper deals with one of the biggest problems currently faced by the Czech labour market: namely, a shortage of labour with regard to specialists who have completed tertiary education. The introduction stresses the importance of knowledge capital both in contemporary society and in a...

Small and medium size enterprises in the Moravia-Silesian Region and issues associated with their development can be examined from various points of view. These aspects have to be synthetically linked, since we can state that individual factors are mutually interconnected. Development of small...

At the beginning of nineties small and medium enterprises (SMEs) constituted a new phenomenon in the Czech economy. Their role increased during past fi fteen years but the development and internationalisation of their activities have been infl uenced by many barriers. The shortage of fi nancial...

Common features of modern approaches used in retailing companies is thein complex approach for solution of problems leading to reaching higher effectivness of integrated ways using on supply and demand side. Among main factors influencing development and implementing of modern management methods...

The aim of this paper is to analyze and systematic theoretical findings which are based on Porter´s Generic Chain of Values in regards to the area of supporting activities. Supporting activities were long time at the margin of interest, both social and economic. Today, they represent important...

This paper provides a brief but comprehensive overview of microfinance academic literature with emphasis on recent innovations, trends and efficiency. In particular, we focus on controversial issues of microfinance, such as commercialization, regulation, interest rate policy and the balance...

This article deals with the results of primary research of Czech business sphere. The authors compare and evaluate the opinions of the managers of business sphere on their competitive position and analyze the influence of chosen factors on their competitiveness.