Template-Type: ReDIF-Article 1.0
Author-Name: Ondřej Machek
Author-Name: Tomáš Pokorný
Title: Rate of Failure of Czech Family Firms
Abstract: Family business is becoming a promising area of research in post-socialist countries, including the Czech Republic. Stability belongs to frequently cited properties of family firms. The goal of this article is to test the hypothesis whether family firms tend to have a lower rate of failure than their non-family counterparts. Using a sample of 1148 family and 5972 non-family firms in the Czech Republic, we find that there is no significant relationship between family involvement and rate of failure. A possible greater stability of family businesses is not necessarily linked with a lower rate of bankruptcy. We also discuss possible reasons and policy implications.
Keywords: Czech Republic, family business, bankruptcy, failure
Classification-JEL: L26, M10
Pages: 24-34
Volume: 2016
Issue: 3
Year: 2016
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=534.pdf
File-URL: http://www.vse.cz/aop/534
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Handle: RePEc:prg:jnlaop:v:2016:y:2016:i:3:id:534:p:24-34
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Template-Type: ReDIF-Article 1.0
Author-Name: Lenka Miltáková
Author-Name: Jana Stavjaňová
Title: Disproportion in Taxation of Tobacco Products in the Czech Republic and Selected Neighbouring Countries
Abstract: The goal of the paper is to asses differences between taxation of various tobacco products in the Czech Republic, Poland and Slovakia. When comparing the taxation of cigarette and fine cut tobacco, it is usually expected that one cigarette is equivalent to 1 gram of tobacco, while the European Commission uses a conversion rate of 0.75g. However, to accurately evaluate this disproportion, the real volume of tobacco contained in one cigarette was weighed using calibrated scales. Our experiment showed that the excise duties on tobacco are between 80-51 % of the cigarette taxation in the Czech Republic; the range is between 78-47 % in Slovakia and 67-37 % in Poland, depending on the conversion rate. Even if it is highly unlikely that taxation of both products could be fully equal, we still believe that there is a potential for increasing taxation of fine cut tobacco, which could increase tax revenues by 0.7-2.7 billion CZK in the Czech Republic.
Keywords: excise duties, tobacco products, taxation of cigarettes, taxation of tobacco, disproportional taxation, tax revenues
Classification-JEL: H21, H23, H25
Pages: 35-52
Volume: 2016
Issue: 3
Year: 2016
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=535.pdf
File-URL: http://www.vse.cz/aop/535
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Handle: RePEc:prg:jnlaop:v:2016:y:2016:i:3:id:535:p:35-52
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Template-Type: ReDIF-Article 1.0
Author-Name: Ivana Malá
Title: Impact of Definition of Consumption Units on Equivalised Household Incomes in the Czech Republic
Abstract: Equivalised incomes are frequently used in order to make adjustments to the actual incomes of households in a way that enables analysis of the relative wellbeing of households of different sizes and compositions (numbers of adults, numbers of children and their ages). In the paper, different methods of evaluation of equivalised units (equivalised numbers of members) are discussed and their impact on derived equivalised incomes is shown. Equivalised total annual net incomes of Czech households (in CZK) defined by four scales (numbers of members, OECD-modified scale, OECD scale, square root scale) are analysed for the time period 2007-2010 based on EU-SILC data from the surveys in 2008 to 2011. The incomes are compared with respect to sample distributions and descriptive characteristics of their level and variability; development in time is also of interest. A strong dependence is expected and quantified (from different points of view) among all the equivalised incomes treated (in given years).
Keywords: equivalence scale, household income, equivalised income
Classification-JEL: C23, D31, J31
Pages: 53-67
Volume: 2016
Issue: 3
Year: 2016
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=536.pdf
File-URL: http://www.vse.cz/aop/536
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Handle: RePEc:prg:jnlaop:v:2016:y:2016:i:3:id:536:p:53-67
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Template-Type: ReDIF-Article 1.0
Author-Name: Jaroslav Daňhel
Author-Name: Eva Ducháčková
Author-Name: Jarmila Radová
Title: Economic Science Going Through a Painful Time Confronted with Societal Evolution
Abstract: In the globalised world of the past decade, the characteristic movement of the real economy in Europe has been in the lower amplitudes of the economic cycle and has been complicated by the low effectiveness of fiscal and monetary policy tools and instability on the financial markets, which, in relation to the real economy, display features of autonomy and virtuality. The exchange rates of the euro, rouble and Czech crown display exceptional volatility, while the yields from financial instruments are at a historic minimum. These phenomena are the result of the stagnation of the European economy, a high level of indebtedness and an inability to effectively solve escalating political problems, such as military conflicts, terrorism, mass migration, economic sanctions, etc.
Keywords: long-term transformation and metamorphosis of global economic conditions, need to correct economic paradigms, ineffectiveness of the classic tools of fiscal and monetary policy, growing income gap, quantitative easing, state regulation, empirical and behavioural approaches, free market
Classification-JEL: A11, B41, D69, D74, D81, D82, G02, G22
Pages: 68-77
Volume: 2016
Issue: 3
Year: 2016
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=537.pdf
File-URL: http://www.vse.cz/aop/537
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Handle: RePEc:prg:jnlaop:v:2016:y:2016:i:3:id:537:p:68-77
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Template-Type: ReDIF-Article 1.0
Author-Name: Pavel Sirůček
Title: Half-Forgotten Personalities of Economic Thought - J. A. Schumpeter
Abstract: J. A. Schumpeter was an Austro-American economist, historian of economic science, political scientist, lawyer and politician, ranking among the most famous, outstanding and cited economists of the 20th century. He created a dynamic theory of development based on innovations, researched economic cycles, issues including long waves, innovations, entrepreneurship, and theory of evolution.
Keywords: J. A. Schumpeter, economic development, innovations, economic cycles, long waves
Classification-JEL: B00, B50, E32, O30
Pages: 78-86
Volume: 2016
Issue: 3
Year: 2016
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=538.pdf
File-URL: http://www.vse.cz/aop/538
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2016:y:2016:i:3:id:538:p:78-86
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Template-Type: ReDIF-Article 1.0
Author-Name: Martin Luštický
Author-Name: Martin Musil
Title: Stakeholder-Based Evaluation of Tourism Policy Priorities: The Case of the South Bohemian Region
Abstract: This paper deals with a set of problems related to tourism policy implementation. It emphasises the importance of stakeholder involvement in implementation of tourism policy in tourism destinations. The research is focused on evaluation of tourism policy strategic priorities from the point of view of destination stakeholders in the South Bohemian Region of the Czech Republic. Its objective is to identify key regional stakeholders in the tourism sector and describe their attitudes to co-operation with the South Bohemian Tourism Authority (SBTA) on implementation of the priorities which are described in the tourism development plan. The research uses three-step stakeholder analysis that is based on a three-attribute methodology, and a mix of qualitative and quantitative data gathering techniques. The findings are transformed into a comprehensive graphical output designated for the SBTA and a resulting set of managerial recommendations for better stakeholder involvement in the process of tourism development in the South Bohemian Region. The recommendations point both at involvement of various stakeholder groups by building the relationships between them and the SBTA based on more intensive communication and exchange of information and experience, and engagement of primary stakeholders as intermediaries in a newly established stakeholder network.
Keywords: stakeholder, tourism policy, tourism destination, stakeholder analysis
Classification-JEL: M10, O21, R58
Pages: 3-23
Volume: 2016
Issue: 3
Year: 2016
File-URL: http://www.vse.cz/aop/download.php?jnl=aop&pdf=540.pdf
File-URL: http://www.vse.cz/aop/540
File-Format: text/html
Handle: RePEc:prg:jnlaop:v:2016:y:2016:i:3:id:540:p:3-23
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