scholarly journals Efficiency of Mergers of Mechanical Engineering Companies in the Czech Republic

2016 ◽  
Vol 16 (4) ◽  
pp. 361-374
Author(s):  
Mária Režňáková ◽  
Jan Pěta
Keyword(s):  
Czech Republic ◽  
Mechanical Engineering ◽  
Engineering Industry ◽  
The Czech Republic ◽  
Research Results ◽  
Operating Profit ◽  
Labour Costs ◽  
Fixed Assets ◽  
Before And After ◽  
The Cost

Abstract This paper presents the research results in the field of the efficiency of mergers and acquisitions in the mechanical engineering industry of the Czech Republic. The aim of this paper is to determine whether mergers taking place in mechanical engineering are successful, or possibly to identify factors which may be deemed as synergies sources. In our research, the success rate of mergers is identified on the basis of the increasing revenues and operating profit. It has been established that out of mergers completed in 2004 - 2011, success has been achieved in approximately half of them. For this reason, we have focused on identifying the factors which may serve as the reasons for such a difference. The selected indicators of the cost-to-revenue ratio and utilization of fixed assets, investments, and net working capital we analysed before and after the mergers in both groups of successful and unsuccessful mergers. The Mann-Whitney U test was used to test the results. The research results have demonstrated that synergies are not achieved due to the change in the market power of the merged companied but owing to operational efficiency which is reflected in a drop in labour costs and depreciation to revenues ratios and increasing asset utilization.

scholarly journals Methods for Estimating Avoidable Costs of Excessive Alcohol Consumption

2021 ◽  
Vol 18 (9) ◽  
pp. 4964
Author(s):  
Beata Gavurova ◽  
Miriama Tarhanicova
Keyword(s):  
Czech Republic ◽  
Alcohol Consumption ◽  
Data Availability ◽  
Excessive Alcohol Consumption ◽  
Public Authorities ◽  
The Czech Republic ◽  
Cost Of Disease ◽  
Lost Productivity ◽  
Excessive Alcohol ◽  
The Cost

Background: Alcohol is a risk factor with serious consequences for society and individuals. This study aims to present methods and approaches that might be used to estimate the costs related to excessive alcohol consumption. It emphasizes the need for general methods and approaches that are easily applicable, because the level of digitalization and data availability vary across regions. The lack of data makes many methods inapplicable and useless. The ease of applicability will help to make cost-of-illness studies and their results comparable globally. Methods: This study is based on data from the Czech Republic in 2017. Drinking alcohol results in costs of healthcare, social care, law enforcement, and administrative costs of public authorities. To quantify the cost of drinking in the Czech Republic, the top-down approach, bottom-up approach, human capital approach and attributable fractions were used. Results: In 2017, the cost related to alcohol was estimated at 0.66% of the national GDP. Lost productivity represented 54.45% of total cost related to alcohol. All cost related to alcohol is considered to be avoidable. Conclusions: The methods and approaches applied to estimate the cost of disease or any other health issue should be generalized regarding the availability of data and specifics of provided services to people who are addicted or have any kind of disability.

scholarly journals Examination of the Development of New Bus Registrations with Alternative Powertrains in Europe

2021 ◽  
Vol 12 (1) ◽  
pp. 147-158
Author(s):  
Jozef Gnap ◽  
Marek Dočkalik ◽  
Grzegorz Dydkowski
Keyword(s):  
Czech Republic ◽  
Nordic Countries ◽  
Reference Period ◽  
Member States ◽  
The Czech Republic ◽  
Research Results ◽  
Eu Member States ◽  
Eu Directive ◽  
Green Vehicles

Abstract The setting of minimum targets for EU member states to procure green vehicles within two reference periods ending in 2025 and 2030, should help to promote mobility with low, respectively zero emissions. The research results reveal that the V4 countries (Slovakia, Poland, the Czech Republic and Hungary) will find it very difficult to meet the set minimum targets for the share of ecological buses in the total number of buses included in the sum of all contracts subject to EU Directive 2019/1161 concluded from 2 August 2021. The share of buses with alternative powertrains in the V4 countries in 2019 was only 12.79% (with the minimum target being much higher). The Nordic countries are best placed to meet the minimum targets for the share of green buses (in 2019, the share of such buses was almost 19%). The crisis caused by the COVID-19 pandemic, which has and continues to affect bus demand across Europe, may have a significant impact on meeting the minimum targets, especially by the end of the first reference period.

scholarly journals The use of controlling in agricultural enterprises and their competitiveness

2014 ◽  
Vol 60 (No. 7) ◽  
pp. 314-322
Author(s):  
A. Foltínová ◽  
J. Špička
Keyword(s):  
Czech Republic ◽  
Milk Production ◽  
Slovak Republic ◽  
Fixed Costs ◽  
Gross Margin ◽  
The Czech Republic ◽  
Agricultural Enterprises ◽  
Cost Controlling ◽  
Break Even Point ◽  
The Cost

The article aims at the evaluation and comparison of the structure of costs linked to the milk production in the Czech Republic and the Slovak Republic. The paper focuses on the potential of the cost controlling in agricultural production. The analysis is based on data from the comparable sample surveys of costs and yields of agricultural commodities carried out by the Institute of Agricultural Economics and Information, Prague, and the Research Institute of Agricultural and Food Economics, Bratislava, in the period 2007–2012. The authors apply the contribution margin calculation and the gross margin calculation. Using target costing, the upper limits of variable and fixed costs are set to reach the break-even point. One of the main finding is that the average costs per litre of milk are by 15.3% higher in Slovakia than in the Czech Republic. It is caused by a significantly lower milk yield in Slovakia. Cost controlling based on the knowledge about the structure of the average costs of milk production can help farmers to better manage their business.  

scholarly journals Changes of the varietal structure of vineyards in the Czech Republic

2012 ◽  
Vol 58 (No. 12) ◽  
pp. 557-565 ◽  
Author(s):  
H. Chládková ◽  
P. Tomšík ◽  
J. Sedlo
Keyword(s):  
Czech Republic ◽  
Future Development ◽  
Market Research ◽  
Consumer Behaviour ◽  
Cabernet Sauvignon ◽  
Production Potential ◽  
The Czech Republic ◽  
Current Production ◽  
Total Acreage ◽  
The Cost

The paper describes changes in the structure of varieties grown in the Czech Republic. The authors examine the development taking place in this domain within the last 14 years (i.e. from 1997 to 2010). The paper analyses the reasons of these changes and tries to describe the future development expected after 2010. The article also examines the cost and profitability of growing grapes and wine prices. The current production potential of the Czech Republic is 19 633.45 hectares of vineyards. As compared with 1960, the total acreage of vineyards increased nearly three times and the number of the most frequent varieties has also increased. As far as the percentages of Müller Thurgau, Green Veltliner, Italian Riesling and Sankt Laurent varieties is concerned, it is anticipated that their acreages will further decrease, whereas those of Rhein Riesling, Sauvignon, Lemberger and Zweigeltrebe are expected to grow. The results from the survey of consumer behaviour in the wine market in the CR point to the connection between the structure of the vineyards and consumer demand. Lemberger, Cabernet Sauvignon, Müller Thurgau, Grüner Veltliner, Pinot Blanc, Saint Laurent, Blue Portugal, Chardonnay, Riesling and Bohemia Sekt have been the most popular varieties of the market research.  

Opportunities for and Barriers to Cooperation between Employers and Employment Offices in the Czech Republic: Employers’ Perspective

2011 ◽  
Vol 9 (2) ◽  
pp. 123-144 ◽  
Author(s):  
Lenka Klimplová
Keyword(s):  
Czech Republic ◽  
Public Private Partnership ◽  
The Other ◽  
Institutional Factors ◽  
Structural Factors ◽  
Public Employment ◽  
The Czech Republic ◽  
Private Partnership ◽  
Research Results ◽  
Mutual Awareness

The aim of this paper is to present and analyze opportunities for and barriers to cooperation between private employers and public employment offices in the Czech Republic, from the employers’ perspective. Based on research results, opportunities for cooperation can be seen in attitudes of employment officers towards employers, individualization and differentiation of approaches, better mutual awareness etc., but also in successive changes of some legislative and institutional factors. The barriers to cooperation, on the other hand, can be seen in hardly removable structural factors, such as the structure and characteristics of jobseekers, divergence of goals and lack of mutual interdependence. Keywords: • cooperation • public-private partnership • opportunities • barriers • employment office • employers • Czech Republic

scholarly journals Urban or Rural GP? In the Czech Republic It Is not just Distances That Matter

2021 ◽  
Vol 64 (1) ◽  
pp. 15-21
Author(s):  
Jan Bělobrádek ◽  
Luděk Šídlo ◽  
Kateřina Javorská ◽  
David Halata
Keyword(s):  
Czech Republic ◽  
Total Annual Cost ◽  
Insurance Company ◽  
The Czech Republic ◽  
Mixed Methods Approach ◽  
Financial Costs ◽  
General Practices ◽  
The Cost ◽  
Cost Characteristics ◽  
Main Factor

This article proposes a combined mixed methods approach to categorising GP practices. It looks not only at location but also at differences in the nature of the work that rural GPs perform. A data analysis was conducted of the largest health insurance company in the Czech Republic (5.9 million patients, 60% of the population, 100% coverage within the Czech Republic). We performed two data analyses, one for 2014–2015 and one for 2016, and divided GP practices into urban, intermediate, and rural groups (taking into account the OECD methodology). We compared groups in terms of the total annual cost in CZK per adult registered insurance holders. The total volume of data indicated the financial costs of €1.52 billion and €2.57 billion respectively. Both analysis showed differences between all groups of practises which confirmed the assumption that the work of the GP is influenced by regionality. A multidisciplinary hospital is the main factor that fundamentally affects the way a GP’s work in that area. The proposed principle of categorising general practices combines geographical and cost characteristics. This requires knowledge of the cost data of healthcare payer and on the basic demographic knowledge of the area. We suggest this principe may be transferrable and particularly suitable for categorising general practice.

scholarly journals Professional manager conception in the Czech Republic

2010 ◽  
Vol 58 (6) ◽  
pp. 681-686
Author(s):  
Petr Novák
Keyword(s):  
Czech Republic ◽  
Literature Review ◽  
Evaluation Process ◽  
Primary Research ◽  
The Czech Republic ◽  
Research Results ◽  
Electronic Form ◽  
Top Managers ◽  
Professional Manager ◽  
Further Development

The paper deals with the conception of the professional manager. In the current Czech management environment the terms of professionalism and professional manager are not defined, understood and respect properly. The paper was written on the basis of a primary research among 112 middle and top managers in the Czech Republic. The beginning of the paper focuses on the introduction of the method used for the research and then follows the evaluation process of the respondents’ answers. These answers were noticed and transformed into the electronic form for the subsequent evaluation process, which is described in detail in the results part. The categories were stated on the basis of recurrence of the characteristics in the ans­wers, and the frequency of these characteristics was measured. The outcome of the paper is the specification of the term ‘Professionalism’ and the characteristics of the term ‘Professional Manager’ by above mentioned research. The research results are discussed with the literature review in the concluding part, and the opportunities for the further development are given.

scholarly journals Changes in the Cost Structure of Hogs Feeding in the Czech Republic

2015 ◽  
Vol 63 (4) ◽  
pp. 1387-1393 ◽  
Author(s):  
Vojtěch Tamáš ◽  
Jana Peterková
Keyword(s):  
Czech Republic ◽  
Agricultural Sector ◽  
Supply And Demand ◽  
Cost Structure ◽  
Security Requirements ◽  
Meat Production ◽  
Main Task ◽  
Pork Meat ◽  
The Czech Republic ◽  
The Cost

Modern hog breeding has a long tradition in the Czech Republic it is the stable branch of livestock production. Its main task is to produce high quality pork meat, which must meet all requirements of the processors and the final consumer. Pork meat occupies for decades in Czech Republic first place in consumption per one inhabitant (per year) and it forms more than 50% of the total annual meat consumption. This branch also plays an important role for producers of cereals, which largely contributes to the overall size and stability of the agricultural sector. The increasing imports were the main reason why many Czech hog breeding farms has been reduced or completely eliminated. Reducing numbers of pigs in the last decade is a reflection of supply and demand for pigs. The objecvive of this paper is to evaluate the changes in the cost structure for fattening of hogs and indicate how these changes are reflected in the competitiveness of Czech agriculture enterprises. Choice of optimal strategy of breeding and hog feeding already affects not only the requirements of food security, requirements of quality and affordability. Currently are also very important requirements for animal welfare and environmental protection with an emphasis on the sustainability of production and high hygiene standards. These measures require high investmens and operational costs are reflected in the worsening economy of pork meat production.

scholarly journals Impact of the Financial Crisis of 2008 on Furniture Industry in the Czech Republic and Development of Tangible Fixed Assets in 2005– 2012 and its Possible Renewal

2016 ◽  
Vol 64 (3) ◽  
pp. 1045-1052 ◽  
Author(s):  
Tomáš Najbrt ◽  
Kamila Hasilová
Keyword(s):  
Czech Republic ◽  
New Technologies ◽  
Economic Indicators ◽  
Furniture Industry ◽  
Labor Costs ◽  
The Czech Republic ◽  
Time Period ◽  
Tangible Assets ◽  
Fixed Assets ◽  
The Given

This paper is focused on furniture firms in the Czech Republic during the period 2005–2012, which covers the year of the crisis. The aim was to assess the given economic situation of the manufacturing businesses comparing some of the economic indicators such as tangible fixed assets, revenue from own production and services, pre-tax profit and labor costs. The study was conducted in the Czech Republic using the data provided by the Czech Statistical Office. Results for the specified period and selected groups of micro furniture companies are shown; dependence of economic indicators within the given time period is also analyzed. The analysis has shown that the smallest of the firms were least affected by the economic crisis; moreover, the medium-sized of the companies exhibit tangible assets growth and certain degree of inertia in years 2008 and 2009. Finally, possibilities how the micro furniture companies could proceed when purchasing new technologies are outlined.

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