In this paper, we explore two of the most relevant theories that explain financial policy in small and medium enterprises (SMEs): pecking order theory and trade-off theory. The theoretical section provides an overview of contemporary theories of capital structure. According to the pecking order...

This paper focuses on development of rules and practices of accounting and on the application of IFRS in the Czech Republic. The article deals with historical background of the Czech accounting and subsequently with particular features of implementation of IFRS after 1989, when the economic...

The purpose of this article is to investigate the development of Czech accounting research and education and their links to current practice. The paper uses the autoethnography method and deals with some of the main issues arising in current university research management practices. To this aim...

The aim of this paper is to characterize the extent to which IFRS is used as a reference point for national accounting rules in the Czech Republic and what elements are incorporated in Czech Accounting Regulation, paying particular attention to the latest amendment to the Accounting Act based on...

New information technologies, development of international economic cooperation and market interconnection call for the need of multinational, globally applicable and acknowledged accounting standards which will enable to describe the processes taking place on the companies´ level, within the...

This paper concentrates on development of sustainability reporting with special accent on environmental and social issues in countries which recently joined the EU: Romania and the Czech Republic. The article analyses the short tradition of CSR reporting in both countries and current state of...

This empirical paper presents a study of the implementation process for international financial reporting standards (IFRS) in one of the accession countries, the Czech Republic. Based upon a review of the legislation, institutional framework and context, and drawing upon recent interviews with...