The aim of the paper is to analyze the transfer of financial flows of subsidies and taxes between the state and the beneficiary. In this respect, the topic deals with the return cash flow from the recipient to the state budget, the impact of taxes and VAT rates. The result is a compilation of...

The present article deals with associations between the development of money supply measured by the monetary base M2 and the development of the Japanesee wider stock index Nikkei 225. The objective of the article is set if the money supply is significant macroeconomic factor which cause the...

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.

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...

The intention of the paper is to introduce the research project No. 2E06044 of the National Research Programme II of the Czech Ministry of Education: "Managerial Audit as a Tool for Sustainable Development of Small and Medium Enterprises". Work on the project has started in July 2006 and will...

World, European and Czech manufacturing has been and is currently facing dramatic changes in its business environment. This paper is focused on the deindustrialization in manufacturing sector.

This paper uses new firm-level data to examine the effects of breakups of the Czech firms and their subsequent privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced economies, we control for accompanying ownership changes...

The paper considers company performance measures and the development of the Economic Value Added (EVA) indicator in volatile economies, particularly in the case of the Czech Republic. Methods used for pyramidal analysis, their assumptions, and their application possibilities are discussed. A...

Energy, or renewable energy sources, is currently a frequently discussed topic. This paper focuses mainly on the economics of photovoltaic energy, specifically valuation of this technology. First, photovoltaic power systems are described, followed by a description of the method of analysis of...

We study tools for management performance measurement for years. Main view of corporate performance is given by its financial outcomes. Our article is focused on causes of why some of our measures were successful and some vere not.