scholarly journals The Impact of the Global Pandemic on Selected Aspects of Sustainable Tourism in the Czech Republic

2021 ◽  
Vol 92 ◽  
pp. 01046
Author(s):  
Jana Stuchlíková ◽  
Milena Botlíková
Keyword(s):  
Czech Republic ◽  
Sustainable Tourism ◽  
Value Added ◽  
Secondary Data ◽  
Primary Data ◽  
The Czech Republic ◽  
Global Pandemic ◽  
Tourism Sector ◽  
Tourism Enterprises ◽  
The Impact

Research background: The overall impact of coronavirus has some positives and negatives on the tourism sector and thus on other downstream sectors. The stagnation of tourism will make it easier for overcrowded tourist centers, which corresponds to the goals of sustainable tourism. On the other hand, negatives can be attributed to it. The Covid -19 epidemic caused the decline in business activities in tourism to almost zero, not only in the Czech Republic, but in the entire global area. If we consider with the intention that a large part of tourism enterprises is dependent on foreign clients, then the steps necessary to prevent the further spread of the epidemic were fatal for many enterprises and contribute to rising unemployment, reducing public budget revenues, etc. It is clear that the functioning of tourism will not return to pre-coronavirus and will be gradual. Businesses will need to adapt their services and find new ways to distribute them. Purpose of the article: The aim of the paper is to map the effect of coronavirus on selected aspects of sustainable tourism in the Czech Republic. Methods: We used primary data obtained from controlled interviews with the operators of the monitored facilities and secondary data (EUROSTAT, CSO). Findings & Value added: The paper includes models of the impact of coronavirus in the field of tourism, focusing mainly on accommodation and catering establishments.

scholarly journals Macroeconomic performance of the Czech Republic during the global pandemic crisis

2021 ◽  
Vol 129 ◽  
pp. 01031
Author(s):  
Jolana Volejnikova ◽  
Ondrej Kuba
Keyword(s):  
Czech Republic ◽  
Value Added ◽  
Human Society ◽  
Macroeconomic Performance ◽  
Exogenous Shock ◽  
The Czech Republic ◽  
Global Pandemic ◽  
Methods Of Synthesis ◽  
Economic Analyses ◽  
The Impact

Research background: The global SARS-CoV-2 pandemic is unprecedented for human society. Despite the continuing uncertainty about the future, it is certain that the global consequences of the pandemic will have many dimensions. Among others, the economic impacts are extremely significant. However, the sudden slowdown in economic activity, the declared quarantines, and the state of emergency have many specific impacts in individual countries. The Czech economy (as well as other countries in the world) was exposed to an unexpected exogenous shock. The data confirm that, in 2020, the decline in the performance of the Czech economy was the deepest in its history. Purpose of the article: The primary goal of this article is to analyze the macroeconomic performance of the Czech Republic during a pandemic crisis. However, we also research the impact of the pandemic on individual sectors of the national economy in the context of government measures. Methods: The analytical part of the article is processed on the basis of publicly available statistical data, economic analyses, and economic forecasts of renowned institutions. The derivation and argumentation of the conclusions are based on an empiric-inductive approach, methods of synthesis, and comparison. Findings and value added: The article maps the direct and mediated macroeconomic effects of the pandemic crisis in the reality of the Czech Republic. At the theoretical level, the aim of the article is to bring new knowledge to current economic theory, especially in the field of macroeconomics and sectoral analysis as well as the theory of public choice.

scholarly journals Reducing the Impact of the Global COVID-19 Pandemic on Business Entities in the Czech Republic from an Accounting and Tax Perspective

2021 ◽  
Vol 92 ◽  
pp. 01012
Author(s):  
Jana Hakalova ◽  
Sarka Kryskova ◽  
Yvetta Psenkova
Keyword(s):  
Czech Republic ◽  
Financial Stability ◽  
Value Added ◽  
Economic Life ◽  
The Czech Republic ◽  
Goods And Services ◽  
Global Pandemic ◽  
The Government ◽  
Business Entities ◽  
The Impact

Research background: The global pandemic declared by WHO on 11 March 2020 has had a widespread impact on the world economy, and the COVID-19 outbreak has severely affected economic life throughout the globalized world. Governments have taken various measures to support their economy and financial stability. The global restrictions on production and services, reduced demand for goods and services and this year’s cash-flow problems will certainly lead to a significant decline in their profits, especially for small and medium-sized companies. The COVID-19 pandemic has undoubtedly affected most business entities in the Czech Republic. Purpose of the article: The purpose of the paper is to describe, analyse and evaluate measures of the government of the Czech Republic, which aimed at reducing the impact of the pandemic on businesses in the Czech Republic. Methods: In the paper, classical types of scientific procedures were applied using theoretical and empirical methods which include description, analysis, synthesis, induction, deduction, comparison and evaluation and so on. Findings & Value added: The paper analyses the impacts of COVID-19 in the context of accounting measures from the perspective of Czech and international accounting regulations. The paper proposes a solution in the area of mandatory reactions of accounting entities to a completely unusual situation caused by the COVID-19 pandemic which should be mandatory and disclosed in the notes to the financial statements. Furthermore, the paper evaluates a set of measures in the field of taxation, wages and insurance premiums intended for business entities and their employees.

scholarly journals Open Innovation Session as a Tool Supporting Innovativeness in Strategies for High-Tech Companies in the Czech Republic

Economies ◽  
2018 ◽  
Vol 6 (4) ◽  
pp. 69 ◽  
Author(s):  
Pavla Matulova ◽  
Petra Maresova ◽  
Mohammad Ali Tareq ◽  
Kamil Kuča
Keyword(s):  
Czech Republic ◽  
Open Innovation ◽  
Innovation Process ◽  
Secondary Data ◽  
Primary Objective ◽  
Primary Data ◽  
High Tech ◽  
Regional Government ◽  
The Czech Republic ◽  
General Managers

Open innovation has developed over several decades from a small pool of innovation pioneers, mostly active in high-tech industries, to be widely discussed and implemented in innovation strategy. The primary objective of the Open Innovation Session (OIS) is to create a platform where firms are able to facilitate knowledge transfer. This paper focuses on the contribution of OIS, implemented by regional government, in formulating companies’ strategic management and to overcome barriers to innovation for high-tech companies in the South Moravian region of the Czech Republic. The methodology adopted for this paper includes monitoring and analysing the activities of this programme over seven years, followed by a quantitative study using both primary and secondary data. The primary data for the research were gathered through questionnaires, where the respondents were general managers of companies that had at least some experience of an innovation process. Secondary data were taken from the Czech Statistical Office. This paper has found that the association between an aspiration for innovation leadership and expenditure for research and development is high, further that participation in OIS led to a shift in the perception of the objectives, needs and conditions of the business and finally the major barriers to the innovation process are a lack of highly motivated people with the necessary technical and business experience.

scholarly journals The impact of LFA payments on FADN farms in the Czech Republic

2008 ◽  
Vol 54 (No. 10) ◽  
pp. 489-497 ◽  
Author(s):  
M. Štolbová ◽  
T. Hlavsa
Keyword(s):  
Czech Republic ◽  
Current System ◽  
Value Added ◽  
Farm Income ◽  
Family Farm ◽  
The Czech Republic ◽  
Data Network ◽  
Farm Accountancy Data Network ◽  
The Impact ◽  
Net Value Added

This paper analyses the impact of the LFA payments on farms economic results on the basis of the Farm Accountancy Data Network in the Czech Republic. Firstly, the approaches are compared to the structure of farms based on the LFA type. Secondly, the share of the LFA payments on economic results of farms is evaluated. The evaluation considers the LFA type, share of grassland, size of the eligible area of farms. Basic economic indicators are being monitored, such as Gross Farm Income, Farm Net Value Added, Family Farm Income, current subsidies, of which in particular the LFA payments. The share of the LFA payments in economic results of agricultural holdings is compared. As a result of the analysis, the winners and losers of the current system were defined.

Entrepreneurship in Tourism Sector in Central European Country: Hospitality Trends in the Czech Republic in 2007 - 2016

2019 ◽  
Vol 9 (6) ◽  
pp. 1351
Author(s):  
Ladislav MURA ◽  
Patrik KAJZAR
Keyword(s):  
Czech Republic ◽  
Unemployment Rate ◽  
Moderate Increase ◽  
Sources Of Information ◽  
Real Wages ◽  
The Czech Republic ◽  
Central European ◽  
Tourism Sector ◽  
Macroeconomic Indicators ◽  
The Impact

The aim of this paper is to evaluate the impact of occupancy in accommodation establishments in the Czech Republic at an average pace of real wage growth (%), GDP (%) and unemployment rate (%) in the period 2007-2016. The main sources of information utilized in contributions are based on tourism statistics and selected macroeconomic indicators obtained from the website of the Czech Statistical Office. The data was analysed using SAS software. The authors use regression analysis. It deals with dependence of the quantitative variable on one or more quantitative variables. The main results of this survey indicate an increase of  occupancy in collective acommodation establishements in the Czech Republic between 2007 - 2016, as well as a moderate increase was detected in  real wages and the GDP. While detecting an  increase of  occupancy in collective acommodation establishements in the Czech Republic, the fall of unemployment rate was recognized.

scholarly journals Differences in the perception of corporate culture as a motivational tool in the SME sector

2021 ◽  
Vol 92 ◽  
pp. 07032
Author(s):  
Iveta Kmecova ◽  
Michal Tlusty
Keyword(s):  
Czech Republic ◽  
Corporate Culture ◽  
Value Added ◽  
Employee Motivation ◽  
Primary Data ◽  
Online Questionnaire ◽  
The Czech Republic ◽  
Mean Values ◽  
Sample Test ◽  
Specific Calculations

Research background: The paper points out the differences in the motivation of employees in SMEs in terms of corporate culture as a motivational tool. The primary goal of the paper is to draw conclusions from hypotheses that analyse corporate culture as a motivational tool. Literary research outlines the issue of personnel activities focusing on the corporate culture as a motivational tool for SMEs in the Czech Republic. The practical part of the paper shows the whole course of specific calculations and evaluation of established hypotheses. At the end of the solution of each hypothesis, its rejection or confirmation is displayed, and this is justified by other methods that confirm this decision. Purpose of the article: The main purpose of the article is to confirm or reject predetermined hypotheses concerning small and medium-sized enterprises. A specific evaluation of the hypotheses will help to raise the profile of possible problems of small and medium-sized enterprises in the areas of employee motivation. Methods: Primary data for this article were obtained using an online questionnaire. The data are evaluated using a statistical method comparing the mean values of the samples, specifically using a statistical one-sample test. The research sample consisted of a total of 220 small and medium-sized enterprises (SMEs) in the Czech Republic. Findings & Value added: The results of the research will confirm or not confirm whether corporate culture is an important motivating tool for small and medium-sized enterprises and whether or not it differs depending on the division of enterprises according to different scales.

scholarly journals Research, development and innovations in Czech manufacture of electronic products

Equilibrium ◽  
2015 ◽  
Vol 10 (4) ◽  
pp. 163
Author(s):  
Nina Bockova
Keyword(s):  
Czech Republic ◽  
Research And Development ◽  
Manufacturing Industry ◽  
Primary Data ◽  
Research Activity ◽  
Electronic Products ◽  
The Czech Republic ◽  
Innovation Activities ◽  
The Impact ◽  
Theoretical Issues

The paper deals with the topic of research and development investments and its use in small and medium-sized enterprises SME’s operating in the electronic industry. The aim of the article is to find out the impact of innovation activities on enterprises, especially the influence of the sources of funding for the research activity. The Czech Republic is the geographic segment to be explored. A chapter on theoretical issues is followed by a description of the current situation in the Czech Republic and abroad, and access to legal support for research and development in the business sector. Primary data collected from a survey are analysed in the analytical part. The statistical data processing was done using Statistica 12 software. Some SME’s of chosen group of manufacturing industry focus on research and development performed by their own means, and they searched for the possibility of financing the research from various sources.

scholarly journals Fostering Czech firms? innovation performance through efficient cooperation

2021 ◽  
Vol 12 (3) ◽  
pp. 671-700
Author(s):  
Viktor Prokop ◽  
Michaela Kotkova Striteska ◽  
Jan Stejskal
Keyword(s):  
Czech Republic ◽  
Public Funding ◽  
Value Added ◽  
Manufacturing Firms ◽  
Innovation Systems ◽  
Innovation Performance ◽  
Policy Implications ◽  
The Czech Republic ◽  
Innovation Activities ◽  
The Impact

Research background: The business climate development and the stage of innovation systems? transformation are very similar in many Central and Eastern European countries, making it necessary to study these specific economies. These economies are at a different level of transformation, and their governments are trying to support the development of a knowledge-based economy, the creation of innovation systems, and collaboration among different types of entities. These governments need feedback in the form of research into the impacts of public funding on innovation activities through the influence of basic research and cooperation-based resources in individual countries. Purpose of the article: This paper focuses on the examination of (i) the influence of national and European subsidies on innovation performance in manufacturing firms in the Czech Republic and (ii) impacts of knowledge- and cooperation-based resources on innovation activities in Czech manufacturing. Methods: The latest available data from the Community Innovation Survey was used for analyses realized by different regression models. The proposed research models were gradually created to verify the influence of pro-innovation factors (expenditures on in-house and external R&D and on the acquisition of external tangible and intangible sources, cooperation with different partners and innovation) and public (national and/or European) funding of firms? innovation performance within the Czech manufacturing industry. Findings and value added: The results have showed that there is a need to focus on direct and indirect effects of selected innovation determinants; we have also identified the crucial role of cooperation (specifically with government, public, or private research institutes) as a mediating variable within innovation processes. The results have also evidenced that public funding affects the efficiency of knowledge- and cooperation-based resources and amplifies the impact on firms? innovation performance differently. Whereas subsidies from national budgets do not significantly influence the innovation performance of Czech manufacturing firms, European subsidies, on the other hand, significantly increase firms? innovation performance. A long-term contribution of this paper is the significant completion of the theory of policy implications that may be applicable in a broad international context beyond the borders of the Czech Republic. This study significantly contributes to the ongoing discussion about (i) the significance of public financial subsidies from both national and European funds and (ii) the effects of cooperation and R&D on firms? innovation performance within ?catching-up? in Central and Eastern Europe. 

scholarly journals El Entorno Macroeconómico Y Su Influencia En La Competitividad En El Sector Turismo En México

Xihmai ◽  
2013 ◽  
Vol 8 (16) ◽  
Author(s):  
Jesús Amador Valdés Dí­az de Villegas
Keyword(s):  
Value Added ◽  
Tourism Demand ◽  
Demand And Supply ◽  
Factors Affecting ◽  
Local Resources ◽  
Tourism Sector ◽  
Tourism Enterprises ◽  
The Impact ◽  
Macroeconomic Environment ◽  
Value Added Products

Resumen En el caso del sector turismo, su competitividad  se define como la capacidad de un destino para crear e integrar productos con valor añadido, de tal forma que se logren empelar los recursos locales y que se logre mantener su posición dentro del mercado  (Hassan, 2000). Para México el Sector Turismo tiene gran importancia, por su participación en el PIB, el análisis de los factores que influyen en su nivel de eficiencia es fundamental, dado que de ella depende el nivel de competitividad. Estos factores pueden ser exógenos (los que determinan el entorno) y endógenos propios de la empresa. El objetivo en el trabajo es analizar el entorno macroeconómico en que se desarrollan las empresas turí­sticas en México y el impacto en los grados de competitividad para las empresas que se encuentran dentro del sector. Por tanto para lograr este fin, se parte metodológicamente de variables que determinan las prioridades del consumo del bien turí­stico (ocio e ingreso), para poder realizar el análisis de la demanda y de la oferta turí­stica, involucrando solo otras variables exógenas al  entorno macroeconómico siempre y cuando sean requeridas por el estudio. Palabras Claves: Entorno Macroeconómico, Competitividad, Turismo, Demanda turí­stica, Oferta turí­stica   Abstract For the tourism sector, its competitiveness is defined as the ability of a destination to create and integrate value-added products, so as to achieve empelar local resources and is able to maintain its market position (Hassan, 2000). For Mexico the Tourism Sector is very important, for its share of GDP, the analysis of the factors affecting their efficiency is critical, since it depends on the level of competitiveness. These factors may be exogenous (which determine the environment) and endogenous own company. The objective is to analyze the macroeconomic environment in which they develop tourism enterprises in Mexico and the impact on the degree of competitiveness for businesses that are within the sector. So to this end, is methodologically part of variables that determine the priorities of the good tourist consumption (leisure and income), to perform the analysis of the demand and supply of tourism, involving only other exogenous macroeconomic variables always and when required by the study Keywords: Macroeconomic Environment, Competitiveness, Tourism, tourism demand, tourism Offer

scholarly journals Global COVID-19 Pandemic and Indebtedness of Municipalities with Extended Power in the Czech Republic

2021 ◽  
Vol 92 ◽  
pp. 01023
Author(s):  
Eva Lajtkepová
Keyword(s):  
Czech Republic ◽  
Value Added ◽  
Secondary Data ◽  
Tax Revenue ◽  
The Czech Republic ◽  
Legal Limit ◽  
Fiscal Rule ◽  
The Subject ◽  
Extended Power

Research background: In theory, indebtedness of municipalities is only ever associated with the acquisition of investments. It is advised that indebtedness should be regulated by the state, but there is a risk of limiting investment in local infrastructure. Purpose of the article: According to Act No. 23/2017 Coll., municipalities must regulate their own indebtedness and comply with the fiscal rule on pain of penalty. The aim of this text is to provide an analysis and examine the prospects of compliance with the fiscal rule in 205 municipalities with extended power. The analysis is carried out between 2017 and 2019, the risks of compliance in the following years mainly relate to the emerging economic crisis caused by the COVID-19 pandemic. Methods: Given the subject of the analysis, secondary data was used for the research. Data was taken from the Monitor database operated by the Ministry of Finance of the Czech Republic. The obtained data had been processed using standard statistical methods. Findings & Value added: To date, the indebtedness of municipalities with extended power is not excessive: the mean and median values are still well below the legal limit. Still, there are some municipalities where the legal limit has been exceeded, or whose indebtedness is nearing the limit. In the event of reduced tax revenue, which is to be expected in the coming years, these municipalities will struggle to comply with the fiscal rule. The consequences will include halting or limiting local investment, and/or reducing the quality of local public goods.

Sign in / Sign up

Export Citation Format

Share Document