scholarly journals Financing principles of non-profit organisations: A case of Slovakia

2019 ◽  
Vol 9 (2) ◽  
pp. 55-62
Author(s):  
Katarina Valaskova
Keyword(s):  
Basic Principle ◽  
Slovak Republic ◽  
Negative Consequences ◽  
Multiple Sources ◽  
Non Profit ◽  
Ultimate Objective

A non-profit organisation is an organisation that uses its surplus of the revenues to achieve its ultimate objective, rather than distributing its income to the organisation’s shareholders, leaders or members. Thus, the man aim of this paper is to analyse and assess the system and structure of financing of non-profit organisation considering the economic, social and legislative conditions of the Slovak Republic. The results reveal that the basic principle of financing the non-profit sector in Slovakia is its multi-sourcing. Its essence is to use multiple sources of income in the non-profit organisations, in order to reach their own independence on one financial source, as well as to avoid negative consequences of its unexpected failure. Keywords: Financing, non-profit organisation, public sources, self-financing.

scholarly journals Mechanizmus daňovej asignácie a jeho premeny v podmienkach Slovenskej republiky

2020 ◽  
pp. 326-332
Author(s):  
León Richvalský
Keyword(s):  
Income Tax ◽  
Slovak Republic ◽  
Detailed Examination ◽  
Communist Country ◽  
National Council ◽  
Multiple Sources ◽  
Non Profit ◽  
Main Research ◽  
Inductive Character ◽  
The Government

The aim of our paper is to describe the legislative development and changes within the functioning of tax assignation mechanism, which was firstly implemented into Slovak legislation in 1999. It presents one form of direct financial support for non-governmental and non-profit organizations. During the twenty years it underwent many changes and challenges, but it managed to persist and annually bring elements of citizen direct decision-making into the system of representative democracy. By using it, taxpayers can redistribute certain share of their income tax to certain entities. They do not pay the full amount of the tax to the government, but redistribute a share of it to selected beneficiary. Our paper has analytical and inductive character. The method of scientific abstraction was used during the processing of theoretical knowledge about our issue, and analytical method was utilized during the data collection from multiple sources, which was essential for detailed examination of specific parts of this issue. We have used multiple legislative Acts as our main research data, as well as the transcriptions of debates in the National council of the Slovak Republic. Tax assignation has found its place in Slovak tax system, gained large popularity among taxpayers and receiving beneficiaries, and legislation concerning its functioning was frequently discussed and amended. Implementation of tax assignation mechanism was successful, and it continues to support the development of non-profit sector, which is important in every post-communist country.

scholarly journals LEGAL REGULATION OF TOBACCO AND TOBACCO PRODUCTS IN THE SLOVAK REPUBLIC AND IN THE EUROPEAN UNION

2013 ◽  
Vol 2 (2) ◽  
pp. 44-53
Author(s):  
Barbara Pavlíková
Keyword(s):  
European Union ◽  
Slovak Republic ◽  
Legal Regulation ◽  
The European Union ◽  
Negative Consequences ◽  
Tobacco Products ◽  
Excise Duty ◽  
Analysis And Synthesis ◽  
Regulatory Instruments ◽  
The Eu

Abstract The contribution deals with the Slovak and the EU legal regulation of tobacco and tobacco products. Its primary purpose is to point out the Slovak and European legal acts which constitute the main regulatory instruments in this field using the method of analysis and synthesis. Rules of production, distribution and conditions of use of tobacco and products thereof are in the Slovak Republic contained mainly in two acts - the Act No 335/2011 Coll. on Tobacco Products and the Act No 377/2004 Coll. on the Protection of Non-smokers, as well as in special Decree No 212/2012 Coll., regulating tobacco products. Regulation of excise duty on tobacco products can be found in the Act with the same name - Act No 106/2004 Coll.. Another objective of the paper is also to draw attention to the amendment of Act on Protection of Non-smokers which entered into force on 1 July 2013. The European Union struggles with the negative consequences of smoking at the supranacional level and its institutions - the European Commission, the European Parliament and the Council of the EU - are already for several years adopting legal acts to facilitate uniformity and easier interpretation of European law also in the field of legal regulation of tobacco and tobacco products. The predominant part of the existing legislation deals with the approximation of laws in areas that are closely related to the manufacture, presentation and sale of tobacco products, but also to the collection of taxes from these products.

scholarly journals Safety Analysis of Pedestrians As Users of Road Traffic in the Slovak Republic

Auspicia ◽  
2020 ◽  
pp. 38-56
Author(s):  
Pavel Kohút ◽  
Ludmila Macurová ◽  
Miroslav Felcan
Keyword(s):  
Police Officers ◽  
Traffic Accidents ◽  
Road Traffic ◽  
Slovak Republic ◽  
Risk Groups ◽  
Negative Consequences ◽  
Road Users ◽  
Pedestrian Accident ◽  
Principle Of Proportionality

ABSTRACT: The paper deals with the analysis of traffic accidents involving pedestrians in the Slovak Republic. The development of traffic accidents involving pedestrians is processed through statistical data for the period 2011 - 2019. The paper defines the risk groups of road users, identified areas with the highest traffic accidents, evaluated the negative consequences of traffic accidents and identified their possible causes. A separate chapter is a case study consisting of an analysis of a vehicle - pedestrian accident. Based on the performed analysis of traffic accidents involving pedestrians, safety measures are set to minimize the number of traffic accidents involving pedestrians and their negative consequences. The study is one of the outputs of the APVV-17-0217 project "Staffing of police officers and application of the principle of proportionality in criminal and administrative law.

Balancing artistic and financial performance: is collaborative governance the answer?

2019 ◽  
Vol 33 (1) ◽  
pp. 78-93
Author(s):  
Simone Fanelli ◽  
Chiara Carolina Donelli ◽  
Antonello Zangrandi ◽  
Isabella Mozzoni
Keyword(s):  
Performing Arts ◽  
Collaborative Governance ◽  
Point Of View ◽  
Multiple Sources ◽  
Content Type ◽  
Non Profit ◽  
Recent Financial Crisis ◽  
The Impact ◽  
Opera Houses ◽  
Artistic Performance

Purpose Opera houses have been traditionally publicly financed in many western countries. However, today many opera houses are facing serious financial troubles, due to the recent financial crisis. There is thus a widespread public debate on measures to ensure agency efficiency for performing arts organizations. Focusing on the reform implemented recently in Italy, which submitted opera houses that had severe financial difficulties to a recovery plan and encouraged forms of collaborative governance (CG), the purpose of this paper is to investigate the impact of CG on the performance of the arts sector. Design/methodology/approach Multiple case studies are used, on longitudinal data from multiple sources over a period of up to five years, in order to triangulate the narrative of financial and artistic performance and ensure trustworthiness. The study thus spans the period before the Bray Law came into force (2013) and covers the entire period in which recovery plans were implemented. Findings The analysis explores how opera houses are building sustainability for themselves and the community in terms of financial and artistic performance through CG. Various forms of CG adopted yielded positive results. Furthermore, more robust forms of CG generated better performance, especially from a financial point of view. Originality/value This paper adds to the limited knowledge of CG in the non-profit sector by bridging the fields of agency performance and CG. It discusses how the introduction of forms of CG can build up long-term sustainability, solving the dilemma of how to achieve financial equilibrium without compromising artistic quality, focusing on the case of opera houses, which are notably affected by Baumol’s cost disease.

scholarly journals Financial Risk Management

2017 ◽  
Vol 22 (4) ◽  
pp. 276-280
Author(s):  
Soňa Jirásková
Keyword(s):  
Risk Management ◽  
Financial Management ◽  
Financial Risk ◽  
Slovak Republic ◽  
Management Process ◽  
Negative Consequences ◽  
Financial Risk Management ◽  
Risk Management Process

Abstract This paper analyses financial risk management at the Ministry of Defence of the Slovak Republic. In its first part, the author defines the basic terms related to risk management, explains the negative consequences of risks and points to the importance of financial risk management. The second part of the paper is concerned with the risk management process at the Ministry of Defence of the Slovak Republic relating to financial management.

Altice: creating a complex and constantly evolving empire

2018 ◽  
Vol 20 (6) ◽  
pp. 545-567 ◽  
Author(s):  
Jason Whalley ◽  
Peter Curwen
Keyword(s):  
Mobile Networks ◽  
Annual Reports ◽  
Negative Consequences ◽  
Longitudinal Case Study ◽  
Multiple Sources ◽  
Content Type ◽  
Holding Companies ◽  
Study Approach ◽  
The Usa

Purpose This paper aims to shed light on the development of Altice, a French-based but multinational operator of cable and mobile networks. Design/methodology/approach A detailed longitudinal case study approach is adopted covering the period 2002 to 2018 (inclusive). Data are drawn from multiple sources, including the annual reports of Altice, its filings with the Securities & Exchange Commission, the prospectuses of Altice S.A. and Altice USA and the trade press. Findings The paper demonstrates how, until recently, Altice’s presence in France was relatively limited. This changed, however, with the acquisition of Numericable and SFR. These purchases, along with those of Suddenlink and Cablevision in the USA, were funded by a substantial increase in Altice’s debt burden. To address the negative consequences of this burden, Altice has retrenched through selling or planning to sell some of its operations and spinning-off Altice USA to its existing shareholders. Research limitations/implications The paper highlights the complexity of multinational telecommunication companies. The challenges of developing a longitudinal case study of a company that operates in multiple countries through cascading holding companies is also illustrated by the paper. Practical implications There is a need for more data to be available in the public domain. This will, amongst other things, facilitate the analysis of companies like Altice that operate internationally and bundle products together to enhance their competitiveness. Originality/value This paper charts the growth of Altice, highlighting the role played by frequent merger and acquisition activity and debt in shaping its development and strategy.

Marital Disruption

1984 ◽  
Vol 5 (1) ◽  
pp. 90-115 ◽  
Author(s):  
E. MILLING KINARD ◽  
HELEN REINHERZ
Keyword(s):  
Mental Health ◽  
Psychological Functioning ◽  
Marital Disruption ◽  
Health Interventions ◽  
Family Characteristics ◽  
Negative Consequences ◽  
Multiple Sources ◽  
Community Population ◽  
Mental Health Interventions ◽  
Time Periods

Recent research has demonstrated the importance of assessing the effects of marital disruption on the psychological functioning of children in the context of family characteristics and situations. However, few studies have been able to address this issue in a study of a community population. This article examines the effects of marital disruption on behavioral and emotional functioning in a cohort of thirdgrade children, using ratings of psychological functioning obtained at three time periods from multiple sources. The findings suggest that marital disruption has some negative consequences for children's adjustment in certain areas of functioning. The implications for mental health interventions are discussed.

scholarly journals The Importance of Globalisation and Learning Capital for Economic Growth

2021 ◽  
Vol 92 ◽  
pp. 08002
Author(s):  
Mária Antalová
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Slovak Republic ◽  
Value Added ◽  
One Dimension ◽  
Negative Consequences ◽  
Daily Lives ◽  
Current State ◽  
Political Dimensions ◽  
The Empirical Analysis

Research background: In our paper, we focus on two important phenomena that are currently culminating and bringing their positive as well as negative consequences. They are globalization and the learning capital. In research, experts are primarily oriented on globalization, which we perceive so intensely in our daily lives. There exist extensive studies developed on a theoretical, methodological as well as empirical basis. Experts are intensively dealing also with the human capital and, above all, with its impact on various socio-economic phenomena. However, they are paying less attention to the learning capital, which we consider one dimension of the human capital. Purpose of the article: Link between the human capital and the economic growth has long been clarified, but the relation between the learning capital is not remained at forefront of the research intentions. For this reason, we have decided to examine the interconnectedness between globalization and the learning capital in selected EU countries and to determine its contribution to the economic growth. Methods: In quantification of globalization, we use the overall KOF Globalization Index, which consists of 3 components: the economic, social and political dimensions. There does not exist uniform procedure for examining the learning capital. For this reason, we rely on Human Development Index data. Findings & Value added: In the empirical analysis, we focus on the evaluation of the current state of globalization as well as the learning capital in the Slovak Republic and verify the established hypotheses concerning the interconnection of these two phenomena and their impact on the economic growth.

scholarly journals Financial Distress and Bankruptcy Prediction in Conditions of Slovak Republic

2021 ◽  
Vol 92 ◽  
pp. 08017
Author(s):  
Filip Rebetak ◽  
Viera Bartosova
Keyword(s):  
Financial Distress ◽  
Prediction Models ◽  
Financial Analysis ◽  
Slovak Republic ◽  
Value Added ◽  
Theoretical Background ◽  
Bankruptcy Prediction ◽  
Important Place ◽  
Non Profit ◽  
Analysis And Synthesis

Research background: Prediction of bankruptcy has an important place in financial analysis of an organization in the globalized economy. Ever since the first publication of a paper on bankruptcy prediction in 1932, the field of bankruptcy prediction was attracting researchers and scholars internationally. Over the years, there have been a great many models conceived in many different countries, such as Altman’s Z score or Ohlson’s model for use for managers and investors to assess the financial position of a company. Globalization in last few decades has made it even more important for all stakeholders involved to know the financial shape of the company and predict the possibility of bankruptcy. Purpose of the article: We aim in this article to examine the financial distress and bankruptcy prediction models used or developed for Slovakia to provide an overview of possibilities adjusted to specific conditions of the Slovak Republic in context of globalization. We will also look at the possibility of use of these prediction models for assessing financial status of non-profit organizations in the Slovak Republic. Methods: We will use analysis and synthesis of current research and theoretical background to compare existing models and their use. Findings & Value added: We hope to contribute with this paper to the theoretical knowledge in this field by summarizing and comparing existing models used.

scholarly journals Experience of Postsocialist Transformation in the Slovak Republic

2020 ◽  
pp. 172-189
Author(s):  
I. Tkachenko
Keyword(s):  
Public Sector ◽  
Slovak Republic ◽  
Free Market ◽  
Negative Consequences ◽  
The Public ◽  
Western Model ◽  
Communist Ideology ◽  
Market Relation ◽  
The Common

In the article the experience of post-socialist transformation in the Slovak Republic after the Velvet Revolution and gaining of independence after the collapse of Czechoslovakia in 1993 was examined. The process of reforming of the society and state, the transition from the communist to the western model of economy, the role of public sector on the path to EU and NATO accession were investigated. It was defined that the reforming of authorities, society and the state, which had already begun in the common state of Czechs and Slovaks under the leadership of V. Havel in 1990-1992, had a great value for the formation of independent Slovakia, because, despite some differences, the European destination became a key point which determined the process of accelerated modernization and the transition from planned socialism to a free market relation. It was determined that the «peaceful divorce» with Czech Republic had become one of the most important steps on the way for successful European integration of Slovakia. The key role of civil society in the transforming of Slovak state and overcoming the negative consequences of the dominance of communist ideology on the path of European and Euro Atlantic integration was represented. The public sector has become a driving force that guided Slovak society towards accelerated modernization in 1998-2006. It was shown the process of struggle of the European choice supporters with pro-Russian policy of V. Meciar, whose period should be generally considered as a «Slovak kuchmism». The final victory of pro-European forces in the 1998 elections led to the acceleration of modernization processes in Slovakia, implementation of required changes in society and state managing necessary for EU and NATO accession.

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