scholarly journals Development of mergers in the Czech Republic in 2001–2010

2012 ◽  
Vol 60 (4) ◽  
pp. 133-140 ◽  
Author(s):  
Eva Hýblová ◽  
Jaroslav Sedláček ◽  
Zuzana Křížová
Keyword(s):  
Czech Republic ◽  
Mergers And Acquisitions ◽  
Theoretical Research ◽  
Commercial Law ◽  
The Czech Republic ◽  
Economic Practice ◽  
Negative Effect ◽  
The Creation ◽  
Access To Knowledge ◽  
The Right

One of consequences of the substantial market globalization is company transformations, which essentially affect the creation, existence or dissolution of companies; their number has been on the increase in recent years. They are mergers and acquisitions; mergers represent a combination of companies, whereas acquisitions involve selling, purchase or investments of companies. The main reason for a merger is economic growth which can be provided in various ways: these are e.g. decreases in costs, strengthening of a position in the market or access to new markets, decrease in prices and thus gaining new customers, access to knowledge or diversification of risks.The process of a merger is a highly demanding matter which includes the economic view (a choice of the right partner, setting merger objectives, preparation of merger project) and the legal view as the merger involves commercial law, reporting and taxation legislation. Discrepancies in the legal, reporting and taxation procedures in the area can have a negative effect on the process of merger and economic practice. The development of mergers and acquisitions and their success rate is related to the development of the economic and legislative environment. An important aspect is also the successfulness of mergers in the following year which will confirm (or not) the quality of all previous decisions.Research studies conducted in this field focus on mergers with the aim to evaluate procedures during mergers. An important part of research is an analysis of the effect of a merger on the evaluation of the successor company’s performance, changes in capital and capital structure of the entities. The aim of the paper is to publish first partial results in this direction of research. The first part of the research focuses on the creation of a database of companies as this is essential for practical verification of the results of the theoretical research. Due to the fact that there is no similar official statistics in the Czech Republic, its creation needs to be devoted great attention. It is also vital to define the transactions which will be included in the total number so that the results are relevant.

Monitoring of pesticides in drinking water: finding the right balance between under- and over-monitoring – experience from the Czech Republic

2021 ◽  
Author(s):  
Filip Kotal ◽  
František Kožíšek ◽  
Hana Jeligová ◽  
Adam Vavrouš ◽  
Daniel Gari Wayessa ◽  
...  
Keyword(s):  
Drinking Water ◽  
Czech Republic ◽  
Water Supply ◽  
The Czech Republic ◽  
The Right

The modern, risk-based approach requires that only those pollutants which are likely to be present in a given water supply should be monitored in drinking water. From this perspective, defining...

scholarly journals Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic

2018 ◽  
Vol 18 (4) ◽  
pp. 371-385
Author(s):  
Veronika Kajurová ◽  
Dagmar Linnertová
Keyword(s):  
Monetary Policy ◽  
Czech Republic ◽  
Interest Rates ◽  
Corporate Investment ◽  
Manufacturing Firms ◽  
Investment Activity ◽  
The Czech Republic ◽  
Low Interest Rates ◽  
Negative Effect

Abstract The aim of the paper is to evaluate the effects of loose monetary policy on corporate investment of manufacturing firms in the Czech Republic during the period between 2006 and 2015. The main focus of the paper is on the effect of low interest rates on investment activity of Czech firms; additionally, the effects of interactions between interest rate and other firm-specific variables are investigated. The results indicate that corporate investment is positively associated with firm size, investment opportunities, and long term debt. Also, a negative effect of the cash position is found. Further, the findings show that monetary policy is a significant determinant of firm investment activity: when the monetary policy is loose, investment is positively affected. Furthermore, differences in the determinants of investment between highly and low leveraged firms were revealed.

scholarly journals The Biggest Museum Project in Czech History: The New Permanent Natural History Exhibitions in the National Museum Prague

2018 ◽  
Vol 2 ◽  
pp. e26375
Author(s):  
Ivo Macek
Keyword(s):  
Czech Republic ◽  
Natural History ◽  
Geographical Area ◽  
Modern Technology ◽  
Creative Industries ◽  
Good Time ◽  
National Museum ◽  
Modern Approach ◽  
The Czech Republic ◽  
The Right

In 2018 the National Museum Prague (NMP) is celebrating its 200th anniversary. Today the Museum is facing its most valuable development: brand new permanent exhibitions. Our monumental historic building was constructed in 1891 in the heart of Prague. After more than one hundred years we had to close the building and remove all exhibitions which were older than 40 years. The building has about 8,000m2 and is divided into two parts. One belongs to our Natural History Museum (NHM) collections with Zoology, Palaeontology, Mineralogy, Botany and Mycology exhibitions. Our new natural history galleries will open in autumn 2019. Housed all on one floor, the galleries will be full of animals like invertebrates, fishes, reptiles, birds and mammals. The second floor will focus on palaeontology spanning more than 500 million years of evolution covering the geographical area of the modern Czech Republic. At the beginning we had to ask ourselves a few simple questions. How do we develop permanent exhibitions that will last for decades? Is excluding modern technology the right thing to do? Should we focus on a more informative/education style or should the interpretation be more populist? And what about the display cases? Should we use old repaired ones or modern cases? It would be great to have answers to all these questions but we still have to deal with the vision and constraints of our curators, collections, budget, legislation, technology and construction of the building. The project has no similar equivalent in the history of the Czech Republic so it was an extraordinary challenge to create our own process of developments with ongoing improvements. Through these developments we have formed new cooperation with technological partners and the creative industries. We are defining a new modern approach to the development and preparation of exhibitions in the Czech Republic. Now that we have reached the half way point towards our vision, it is a good time to report on progress.

Does housing market impair employment in The Czech Republic?

2015 ◽  
Vol 8 (3) ◽  
pp. 318-334 ◽  
Author(s):  
Martin Konecný ◽  
Dominik Stroukal
Keyword(s):  
Czech Republic ◽  
Panel Data ◽  
Design Methodology ◽  
Detrimental Effect ◽  
Western World ◽  
The Czech Republic ◽  
Content Type ◽  
Negative Effect ◽  
Building Societies ◽  
Practical Implications

Purpose – The main aim of this paper is to find whether homeownership can have detrimental effect on employment in The Czech Republic. Design/methodology/approach – Oswald’s conjecture is tested on the set of panel data across Czech regions between the years of 2005 and 2012. Findings – By testing a model similar to Oswald’s, this paper receives the similar result that the rate of homeownership leads to higher rate of unemployment in following years. The second model tested in the paper does not support previous findings that regional rate of homeownership has negative effect on individual’s probability of being unemployed. Research limitations/implications – Findings of this paper are valid only for The Czech Republic. Possible refinements to the model are presented as inspiration for further research. Practical implications – Results bring a powerful argument into debate about subsidization of homeowners through building societies. Originality/value – This paper is a first examination of Oswald’s hypothesis in The Czech Republic. It opens a debate about whether Oswald’s conjecture holds outside of the Western world.

Theory Programs and Theoretical Problems

2005 ◽  
Vol 23 (2) ◽  
pp. 127-155 ◽  
Author(s):  
Joseph Berger ◽  
David Willer ◽  
Morris Zelditch
Keyword(s):  
Sociological Theory ◽  
Empirical Models ◽  
Theory Choice ◽  
Theoretical Research ◽  
Sufficient Condition ◽  
Research Programs ◽  
Is Theory ◽  
The Creation ◽  
The Right

Some sociologists argue that sociological theory does not grow and the reason why it does not grow is that the discipline lacks a core of highly developed, almost universally accepted, paradigms; even worse, because it is reflexive, its criteria of problem and theory choice are so noncognitive that there are no paradigms, hence no progress, in its future. We do not question that sociology lacks a core of almost universally accepted paradigms, nor that highly developed paradigms may be a sufficient condition of theory growth, but we question both that universal acceptance of them is necessary and that sociology has nothing like them. We argue that theoretical research programs—sets of strategies, sets of interrelated theories embodying these strategies, and empirical models interpreting these theories—are sufficient for theoretical growth. An examination of three theoretical research programs in this article shows that they perform some of the same functions for theory growth as, in Kuhn, are performed by paradigms. Sociology may lack a universally accepted core, but there are theoretical research programs in sociology, and therefore already there is theory growth if it is looked for in the right place. Nor is there any warrant for the view that because its criteria of problem and theory choice are inescapably noncognitive, there are no paradigms, hence no progress, in sociology's future. If that were true, not only would sociology lack paradigms, but also theoretical research programs. We conclude from our study that sociology need not wait on the emergence of a universally accepted core. It is sufficient for the growth of theory that it develops further its existing theoretical research programs and that it encourages the creation of new programs.

Social Policy in the Czech “Republic”: The Past and the Future of Reforms

2008 ◽  
Vol 22 (3) ◽  
pp. 496-517 ◽  
Author(s):  
Jiří Večerník
Keyword(s):  
Czech Republic ◽  
Work Motivation ◽  
Pension System ◽  
The Political ◽  
The Czech Republic ◽  
The Past ◽  
The Future ◽  
The Right ◽  
Political Scene

The article describes the development of Czech policy after 1989 and the controversies it caused. It first looks at the ambiguous nature of the communist welfare state and then proceeds to outline the theoretical alternatives. After early and energetic changes in the system, stagnation set in around the mid-1990s. Despite some problems, the current performance of the system is satisfactory, but its outlook in terms of long-term efficiency is unsatisfactory, as it will generate a rising debt into the future. In particular, the disadvantaged situation for families, the insufficient work motivation, and the frozen pension system are all causes for concern. The political shift to the right after 2006 ushered in reform measures and new reform plans. While reforms are necessary, their feasibility is uncertain owing to the fragility of the Czech political scene.

Development of Commercial Law in the Slovak Republic - Outline of problems

2016 ◽  
Vol 8 (1) ◽  
pp. 81-90
Author(s):  
Mojmír Mamojka ◽  
Jacek Dworzecki
Keyword(s):  
Czech Republic ◽  
Slovak Republic ◽  
Ancient Egypt ◽  
Legal Regulations ◽  
Independent State ◽  
The Czech Republic ◽  
Trade Law ◽  
The Creation ◽  
The Republic ◽  
The Government

The article concerns the issue of trade law in the context of its evolution and the current realities of its being in force in Republic of Slovakia. In the paper the authors present an historical view of the creation of legal regulations about trade from ancient times to present days. In the first part of the paper the political system and its components are discussed. The reader will be able to acquaint themselves with the functioning of the apparatus of executive power (the government and ministries), legislative power (the parliament consisting of 150 members) and judiciary (independent courts and prosecutors) in the Republic of Slovakia. Moreover, this part of the article provides information about practical aspects of the creation of selected components of the constitutional legal order (e.g. parliamentary elections). In the second part, the paper covers the evolution of trade law over the centuries, approaches to regulations in Mesopotamia, based on, inter alia, the Code of Hammurabi, and also in ancient Egypt and Greece. Tracing the development of trade law over the centuries, the authors also present the evolution of legal regulations in this field in the XIX century, with particular reference to France, Germany and Austria-Hungary (especially the territory which today forms the Czech Republic and the Slovak Republic). In the last part of the article, the forming of regulations of trade law in Czechoslovakia from 1918 and during subsequent periods which created the history of that country, to the overthrow communism and the peaceful division of the state in 1993 into two separate, independent state organisms – the Czech Republic and Slovakia - is approached.

scholarly journals Leader and innovator in the context of educational reforms

2021 ◽  
Vol 10 (2) ◽  
pp. 69-79
Author(s):  
Eva Urbanová
Keyword(s):  
Czech Republic ◽  
Education Reform ◽  
Research Question ◽  
School Principal ◽  
The Czech Republic ◽  
High Expectations ◽  
Work Activities ◽  
Staff Members ◽  
Public Administration Reform ◽  
The Right

Changes in society are also changing approaches to education. Over the past two decades, governments in many countries have addressed the need for effective education reform to improve student achievement. School leaders have a crucial role to play as they face high expectations for educational outcomes, particularly in the context of technological progress, innovation, migration and globalisation. Leadership in education is becoming increasingly necessary at the beginning of the 21st century. There is a need to rethink school management and leadership models and to introduce innovative ideas. The core work activities and competencies of a leader in education consist of their experience, knowledge, character traits, attitudes and skills. An example of this is the situation in the Czech Republic, where the public administration reform in 2000 led to the decentralisation of education, which gave schools the right to decide on matters in all areas. This paper summarises an example of leadership in secondary schools in the Czech Republic in the context of reforms that are taking place not only in education. The results show that the role of a leader and innovator in a school is mostly performed by the school principal himself and most often as needed, which is related to his responsibility for the school's operation and especially its direction, i.e. the implementation of the school's development concept. The research question is: Which of the work activities related to the secondary school principal as a leader and innovator are done by him/herself or delegated to other staff members and how often are they performed?

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