scholarly journals Innovations’ Survival

2016 ◽  
Vol 64 (4) ◽  
pp. 1393-1399
Author(s):  
Jakub Tabas ◽  
Michaela Beranová
Keyword(s):  
Time Series ◽  
Survival Analysis ◽  
Czech Republic ◽  
Financial Performance ◽  
Economic Effect ◽  
The Czech Republic ◽  
Going Concern ◽  
Deviation Analysis ◽  
Three Samples ◽  
Technical Innovations

Innovations currently represent a tool of maintaining the going concern of a business entity and its competitiveness. However, effects of innovations are not infinite and if an innovation should constantly preserve a life of business entity, it has to be a continual chain of innovations, i.e. continual process. Effective live of a single innovation is limited while the limitation is derived especially from industry. The paper provides the results of research on innovations effects in the financial performance of small and medium-sized enterprises in the Czech Republic. Objective of this paper is to determine the length and intensity of the effects of technical innovations in company’s financial performance. The economic effect of innovations has been measured at application of company’s gross production power while the Deviation Analysis has been applied for three years’ time series. Subsequently the Survival Analysis has been applied. The analyses are elaborated for three statistical samples of SMEs constructed in accordance to the industry. The results obtained show significant differences in innovations’ survival within these three samples of enterprises then. The results are quite specific for the industries, and are confronted and discussed with the results of authors’ former research on the issue.

scholarly journals Prediction of profitability of topworking in older apple orchards under contemporary economic conditions of the Czech Republic  

2012 ◽  
Vol 29 (No. 3) ◽  
pp. 85-91 ◽  
Author(s):  
V. Blažek ◽  
V. Falta ◽  
R. Vávra ◽  
V. Beneš
Keyword(s):  
Czech Republic ◽  
Economic Effect ◽  
Subsequent Development ◽  
Good Health ◽  
Economic Conditions ◽  
Health State ◽  
Apple Orchards ◽  
Fresh Market ◽  
The Czech Republic ◽  
Good Health State

: In the Czech Republic, there is still a predominance of obsolete apple orchards that were established more than 15 years ago and that are not profitable under contemporary conditions. Typical features of these orchards are low or medium tree densities, freely growing semi-standard trees or hedgerows on semi-dwarf, or sometimes also on vigorous, rootstocks. The farmers are not always in a position to completely renovate them, and therefore they are interested in their topworking. The present paper studied the effectiveness of this measure under the current economic and market conditions of this country, using 3 types of orchards with different spacings and rootstocks and 5 groups of tree densities. Four cultivars were chosen as examples of different starting statuses for the modelling of subsequent development in three time horizons and for the prediction of profitability of this treatment. The profitability is based on an increase in farmer prices for cultivars that are presently recommended for replacement of the older ones according to the recent development of these prices on the fresh market. In the case of topworking for Spartan cv., an economic return of the measure can be expected at the earliest after 8 years of running the treated orchard. The greatest increase in profit can be achieved in orchards on the rootstock M 9. Nevertheless, with the decline of tree numbers in the orchard, or with the increase in tree losses, the general economic effectiveness of topworking notably falls. In the case of trees on the rootstock MM 106, this measure can have an economic effect only if at least 80% of the trees is in a good health state and it is presumed that the orchard will be used for another 10 years at least. A list of recommended cultivars to be used for replacement of the old ones is given.

scholarly journals Economic Impact of Douglas-fir (Pseudotsuga menziesii [Mirb.] Franco) production in the Czech Republic

2014 ◽  
Vol 60 (No. 7) ◽  
pp. 297-306 ◽  
Author(s):  
K. Pulkrab ◽  
M. Sloup ◽  
M. Zeman
Keyword(s):  
Czech Republic ◽  
Economic Impact ◽  
Pseudotsuga Menziesii ◽  
Tree Species ◽  
Economic Effect ◽  
Douglas Fir ◽  
European Countries ◽  
Natural Conditions ◽  
The Czech Republic ◽  
Forest Production

The article addresses the issues of Douglas-fir (Pseudotsuga menziesii [Mirb.] Franco) production in the Czech Republic (CR). Our analysis shows that the tree species can occupy 149,616&ndash;163,713 ha in the CR (with respect to ecological limits set by the Czech legislation). The potential economic effect expressed by the gross yield of forest production might be higher by 27&ndash;30 million EUR&middot;yr<sup>&ndash;1</sup>.&nbsp; The results of the analysis support the forest owners&rsquo; interest to extend Douglas-fir production in the CR, similarly like it has been extended systematically in all European countries where natural conditions allow. &nbsp;

Adversary Voting in the Czech Chamber of Deputies (1993–2013)

2017 ◽  
Vol 13 (1) ◽  
pp. 99-122
Author(s):  
Petr Dvořák
Keyword(s):  
Time Series ◽  
Czech Republic ◽  
Success Rate ◽  
Major Change ◽  
The Czech Republic ◽  
Discrimination Capacity ◽  
High Concentrations ◽  
The Government ◽  
Chamber Of Deputies

AbstractThe paper explores the legislative unity of government and opposition blocs in the Czech Chamber of Deputies over a period of 20 years. As voting unity is usually rather low in the Czech Republic, temporarily high concentrations of votes by these blocs are linked to higher rates of conflict between the government and opposition. I use the Rice and UNITY indices to compare average unity scores of individual cabinets and also explorative time series of unity vectors in order to analyse bloc concentration, success rate, and increased conflict. The outcomes are relevant both as comprising a case study and methodological observations: (1) Broad differences in the logic of interaction are confirmed (e.g. caretaker cabinets show less conflict than standard cabinets). Although no universal trend (e.g. no transition from consensual to conflictual practice) is found, the Czech opposition became more concentrated and resorted to serial blocking tactics in the second decade; thus, a major change of behavior occurred after all. (2) The Rice and UNITY indices correlate considerably; UNITY’s discrimination capacity is not distorted significantly despite the nature of equilibria in the Chamber. Moreover; the UNITY index is able to easily distinguish contested votes not detectable by the Rice index alone.

scholarly journals Cluster performance management

ACC Journal ◽  
2020 ◽  
Vol 26 (2) ◽  
pp. 94-100
Author(s):  
Natalie Pelloneová
Keyword(s):  
Czech Republic ◽  
Financial Performance ◽  
Performance Management ◽  
Public Support ◽  
Top Down ◽  
Cluster Performance ◽  
The Czech Republic ◽  
Business Entities ◽  
High Degree ◽  
The Impact

The presented article is based on research evaluating the impact of cluster organisations on the financial performance of member entities. The author’s doctoral thesis examines whether there is a difference in the financial performance of cluster organisations created through the bottom-up and the top-down approaches, under the conditions existing in the Czech Republic. Both types of clusters that meet the condition of maturity (established before or in 2012) and of a high degree of activity were selected for the research. The financial performance of member business entities was assessed using the following indicators: ROA, ROE, ROS, EVA, EVA/employee and EVA/sales. The aim of the research was to demonstrate whether public support for clusters would be reflected in member entities’ better financial performance. The final part of the paper then summarises and discusses the findings.

scholarly journals Export performance and competitiveness in wood products in the Czech Republic and Austria

2019 ◽  
Vol 70 (5) ◽  
pp. 743-764
Author(s):  
Nahanga Verter ◽  
Libor Grega
Keyword(s):  
Time Series ◽  
Czech Republic ◽  
Trade Balance ◽  
Export Performance ◽  
Single Market ◽  
Wood Products ◽  
Export Diversification ◽  
The Czech Republic ◽  
Balance Index ◽  
The Eu

This article assesses the development of wood exports in the Czech Republic (Czechia) and Austria in recent years. Some approaches, such as revealed comparative advantage (RCA), relative trade balance index (RTB), and diversification ratios are used to assess the export performance and competitiveness indicators in these countries. The RCA result reveals that both Czechia and Austria have been competitive in the global wood markets, just as the countries have witnessed positive in RTB within the period under study. Market diversification results indicate that both countries concentrated in few markets (mainly within the EU single market) for exports of wood products. Also, the competitiveness based on the product structure shows that both countries, notably Austria wood product groups have been diversified and mostly processed before exports. In summary, both countries have performed impressively within the period under study even though the time series for the research was short. Nevertheless, there is a need for market export diversification beyond the EU’s single market.

scholarly journals Partial equilibrium model – Case study of the poultry market

2011 ◽  
Vol 59 (7) ◽  
pp. 431-438
Author(s):  
Lenka Šobrová ◽  
M. Malý ◽  
Z. Malá
Keyword(s):  
Time Series ◽  
Czech Republic ◽  
Panel Data ◽  
Equilibrium Model ◽  
Poultry Meat ◽  
Partial Equilibrium ◽  
The Czech Republic ◽  
Estimated Parameters ◽  
Partial Equilibrium Model ◽  
Main Factors

This paper deals with identifying the main determinants in the poultry agri-food chain in the Czech Republic and examines their relationships. The partial equilibrium model, defined as a seven-equation model in power form, is employed for this purpose. The analysis is based on both time-series and panel data of the main factors in the poultry market. The time-series as well as panel data contain annual data of selected variables for the period from 1995 to 2009. The analysis is focused on supply and demand of poultry meat, specifically on production, consumption and foreign trade in poultry meat in the Czech Republic. Firstly, the main factors influencing the poultry market are determined, then, an appropriate model is employed. The parameters of the model are estimated using the ordinary least squares method in statistical and econometric software. Estimated parameters confirm assumed relationships among the selected variables. Moreover, the long-term tendencies of the selected indicators are proven. Among other, the analysis proves an inertial consumption, the price level as the main factor influencing the consumption and one-way or mutual relationship among the selected variables. The statistical features of the model are satisfied as well – the estimated parameters are statistically significant, the model does not contain, neither the problem of autocorrelation of residuals nor the problem of heteroskedasticity.

scholarly journals Assessment of attractiveness of the wine-production industry in the Czech Republic

2011 ◽  
Vol 59 (2) ◽  
pp. 89-98 ◽  
Author(s):  
Helena Hejmalová ◽  
Radka Šperková
Keyword(s):  
Czech Republic ◽  
Positive Impact ◽  
Key Factors ◽  
Wine Production ◽  
The Czech Republic ◽  
Competitive Position ◽  
Market Growth ◽  
Ge Matrix ◽  
Wine Sector ◽  
Technical Innovations

The paper is focused on evaluation of attractiveness of the wine sector in the Czech Republic and on the competitive position assessment of company Věstonické sklepy, s. r. o. using the assessment of key factors and applying the GE matrix. Wine-production can be described as very attractive, favorably developing industry with significant potential for growth and expansion. In particular, the growing popularity of wine consumption, increasing consumption and production, increasing competitiveness, introduction of new technical innovations and introduction of innovative changes in production, storage and sales, are aspects that have a positive impact on the attractiveness of the sector.The permanent trend of development and market growth represent a well-verifiable criterion that implies there still is a significant share of the untapped potential. Assessment of the competitive position indicates relatively good strategic situation of the company in the attractive environment, but it is necessary to invest considerable financial resources with an uncertain impact on maintaining the position. Main problems of the company namely include the financial situation which is specifically addressed by utilizing short-term liabilities. The company can be described as prosperous in terms of established technologies and implementation of innovative changes, human resource management, use of production and storage capacities, marketing factors, selection of the appropriate type of promotion, and contracting reliable customers.The strategy based on the position in the GE matrix suggests that the company should focus on production of quality wines and on the offer of specialties to penetrate stronger into the market and with a better competitive advantage. The company should not forget the completion of the proper functioning of the website, which should lead to an increase of the number of potential customers.

scholarly journals The relationship between M3 and consumer price index in the Czech Republic

2018 ◽  
Vol 4 (10) ◽  
pp. 226-236
Author(s):  
Libena Cernohorska
Keyword(s):  
Time Series ◽  
Czech Republic ◽  
Price Index ◽  
Statistical Data ◽  
Consumer Price Index ◽  
Monetary Aggregate ◽  
The Czech Republic ◽  
Significance Level ◽  
The Relationship ◽  
Cointegration Relationship

This paper aimed at analysing the influence of monetary aggregate M3 on consumer price index (CPI) in the Czech Republic. Cointegrating this selected indicator M3 is demonstrated in relation to the development of CPI using the Engle – Granger cointegration test. These tests are applied to selected statistical data from the years 2003 to 2016. After using the Akaike criteria for all-time series, we analysed a unit root using the Dickey–Fuller test. If the time series are non-stacionary, testing is then continued with the Engle–Granger test to detect cointegration relations. Based on these tests, it is found that at a significance level of 0.05, a cointegration relationship between M3 and CPI in the Czech Republic does not exist. Conclusions resulting from the verification of the hypotheses are supported with graphical visualisation of data from which it is apparent that these hypotheses can be rejected. Keywords: M3; Czech Republic ; CPI ; Akaike criteria

scholarly journals Forecasting Alcohol Consumption in the Czech Republic

2016 ◽  
Vol 64 (6) ◽  
pp. 2133-2140
Author(s):  
Tereza Slováčková ◽  
Naďa Birčiaková ◽  
Jana Stávková
Keyword(s):  
Time Series ◽  
Czech Republic ◽  
Alcohol Consumption ◽  
Arima Model ◽  
The Czech Republic ◽  
Pure Alcohol ◽  
Excessive Consumption ◽  
Per Capita ◽  
Current Alcohol

The paper deals with a forecast of developments in alcohol consumption based on current alcohol consumption per capita (expressed in litres of pure alcohol), and time series extrapolations. Alcohol consumption is to be considered from the vantage point of knowing the specifics of the product and the consequences of its excessive consumption. The predictive methodology makes use of the Box‑Jenkins method; the ARIMA model, taking into account the autocorrelation and partial autocorrelation process, which is a prerequisite for the successful identification of a time series model; model parameter estimation; appropriate transformations of time series; determining the order of differentiation and subsequent verification of the model. The chosen methodology for future trends in alcohol consumptions is a prerequisite for the proposed optional measures to control alcohol consumption in the Czech Republic. Due to the long term nature of the process to draw up and implement alcohol consumption regulation measures, the forecast covers the forthcoming 10 years.

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