Template-Type: ReDIF-Article 1.0 Author-Name: Markéta Arltová Author-Name: Jan Plaček Author-Name: Luboš Smrčka Title: Parameters of insolvency proceedings in developed countries and their dependence on economic performance Abstract: The work stems from the hypothesis according to which there is a relationship between the economic performance of a specific country and the results achieved in the given country in insolvency proceedings. To compare the efficiency of the economy, the indicator of gross domestic product per head of population is used for comparative purposes. The authors here use as a departure point the assumption that high economic efficiency, i.e. a high gross domestic product per one inhabitant is possible only in a cases where a high-quality legal and regulatory framework exists. In simpler terms, one could speak of the level of enforceability of law. In this logic, then, it necessarily applies that more developed countries should have better results of insolvency proceedings than less developed countries. Data on yields for creditors, costs for and duration of proceedings are used as a gauge of quality of insolvency proceedings. In this selection, the authors proceed from the conviction that the yield for creditors is the only entirely objective gauge of the success of insolvency proceedings, whilst they further assume that the yield is indirectly proportional to the costs and duration of proceedings. In this area, the authors refer to older works. The authors then declare that the fundamental hypothesis on the relationship of economic efficiency and yield for creditors from insolvency proceedings has successfully been proved. Similarly, further assumptions of the author team have also been proved. Part of the work also includes comparison of data from international survey with real results of insolvency proceedings in the Czech Republic, where, in contrast to other developed countries, there are relatively comprehensive sources based on analyses of specific cases. Keywords: bankruptcy, insolvency, insolvence, Insolvenční řízení, Úpadek, Insolvency proceedings, Gross domestic product, Costs of proceedings, Yields for creditors, Hrubý domácí product, Náklady řízení, Výnos pro věřitele Classification-JEL: G30 Volume: 2015 Issue: 2 Year: 2015 File-URL: http://www.vse.cz/eam/246 File-Format: text/html Handle: RePEc:prg:jnleam:v:2015:y:2015:i:2:id:246 X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/246 Template-Type: ReDIF-Article 1.0 Author-Name: Čeněk Celer Title: Influence of Marketing Instruments on the Shopping Behaviour of Senior Citizens in the Usti Region Abstract: The article analyses changes of shopping behaviour of senior citizens over 60 years from the Usti Region which make up in this area about 23 % of population. 418 respondents took part in the research. They arranged in the order of importance marketing instruments that influence them by their shopping goods of daily use: price, quality, range of products, accessibility of shop, loyalty cards, possibilities of parking, advertising and special offers. In the research it took age, social position and sex of senior citizens into consideration. The results showed that with growing age it changes the shopping decision making of senior citizens. The price of goods of daily use has deciding influence for more than half of respondents, its importance increases with the age of senior citizens together. On the contrary requirements for quality decrease with the growing age. Primarily younger segments prefer in fact quality to low price. Similarly it is in case of influence of range of goods. During the shopping decision making not even different forms of promotion are the major impulse, it influences working senior citizens the least. The segment of older customers is impossible to consider a homogenous group - it is actually about supersegment. Keywords: Quality, Kvalita, Shopping behaviour, Price, Range of products, Nákupní chování, Cena, Sortiment Classification-JEL: D49 Volume: 2015 Issue: 2 Year: 2015 File-URL: http://www.vse.cz/eam/247 File-Format: text/html Handle: RePEc:prg:jnleam:v:2015:y:2015:i:2:id:247 X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/247 Template-Type: ReDIF-Article 1.0 Author-Name: Gabriela Dubcová Title: Development of Corporate Responsibility of SMEs in the Slovak Republic Abstract: Problematic behaviour of small and medium-sized enterprises concerning corporate responsibility. Research of institutionalisation of corporate responsibility in small and medium-sized enterprises. Analysing ethical principles applied in small and medium-sized enterprises when adopting a responsible approach to business in economic, social, and environmental fields. Specification of motives, benefits, and risks in corporate responsibility in small and medium-sized enterprises. Keywords: Small and medium-sized enterprises, Corporate responsibility, Business ethics, Small and medium-sized enterprises, Corporate responsibility, Business ethics Classification-JEL: K2, M1 Volume: 2015 Issue: 2 Year: 2015 File-URL: http://www.vse.cz/eam/248 File-Format: text/html Handle: RePEc:prg:jnleam:v:2015:y:2015:i:2:id:248 X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/248 Template-Type: ReDIF-Article 1.0 Author-Name: Dalibor Gottwald Author-Name: Libor Švadlenka Author-Name: Pavla Lejsková Title: Evaluation of Intellectual Capital in the Process of Liberalization of the Postal Market Abstract: Intellectual capital is currently very actual topic, especially with reference to efforts to use its tools in the process of evaluating specific developmental processes in the market. The process of liberalization of the postal market is a process that must be undergo an analysis in the view of intellectual capital, because policy of human resource management has a crucial impact on the effectiveness of each national postal operators. The process of liberalization of the postal market has not been in any closer ties undergone such an analysis, and for this reason it is necessary to provide additional insight into the study of this integration development. Each integration process that is undergone analysis of several possible angles, it is possible within the evaluation described as meaningful. Keywords: Intellectual capital, Human capital, Liberalization, National postal provider, Postal market, Intelektuální kapitál, Lidský kapitál, Liberalizace, Národní poštovní operátor, Poštovní trh Classification-JEL: J24 Volume: 2015 Issue: 2 Year: 2015 File-URL: http://www.vse.cz/eam/249 File-Format: text/html Handle: RePEc:prg:jnleam:v:2015:y:2015:i:2:id:249 X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/249 Template-Type: ReDIF-Article 1.0 Author-Name: Michal Kuděj Author-Name: Lee Louda Title: Ascertainment of bankruptcy in German practice - inspiration for Czech insolvency environment Abstract: Ascertainment of bankruptcy represents a key decision having huge practical impact in insolvency proceedings while, in our opinion, there are no practical bankruptcy-assessment economic criterions applied in the domestic insolvency routine. Therefore, this article addresses questions related to economic substance of insolvency and over-indebtedness and possible methodology of assessment thereof for the purposes of finding out of an enterprise standing and potential decision on its bankruptcy. We were inspired by the German insolvency practice which possesses long-time developed standardized methodology which, in our opinion, prevents either (i) irrelevant debtors’ efforts to forfend insolvency proceedings and also (ii) attempts to eliminate or takeover competitors unfairly via unjustified insolvency petitions. Keywords: insolvency, Over-indebtedness, Insolvency presumption, Debts, Asset value, Platební neschopnost, Předlužení, Domněnka platební neschopnosti, Závazky, Hodnota majetku Classification-JEL: G33, G34, G38 Volume: 2015 Issue: 2 Year: 2015 File-URL: http://www.vse.cz/eam/250 File-Format: text/html Handle: RePEc:prg:jnleam:v:2015:y:2015:i:2:id:250 X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/250 Template-Type: ReDIF-Article 1.0 Author-Name: Libuše Svobodová Title: Modern indicators of financial performance of the company Abstract: Nowadays, there is a shift in the field of indicators used to measure business performance. The value criteria for measuring business performance are used more frequently. This trend comes to us especially from countries with developed capital market. The paper focuses on modern methods of financial performance of the company. The article briefly describes the discounted cash flow, market value added and Balanced Scorecard. The aim of the article is focused on the economic added value and the results of the investigations. A detailed research together with the analysis and critical assessment of accessible materials will enable to identify the main objectives in the field of study. Primarily and secondary sources were used within the framework of the selected topic. Then it was necessary to select, classify and update accessible relevant information from the numerous published materials that would provide the basic knowledge of modern indicators of financial performance of the companies. Keywords: Czech Republic, Česká republika, Performance, Výkonnost, Economic value added, Evaluation, Ekonomická přidaná hodnota, Hodnocení Classification-JEL: L25, M21, M40 Volume: 2015 Issue: 2 Year: 2015 File-URL: http://www.vse.cz/eam/251 File-Format: text/html Handle: RePEc:prg:jnleam:v:2015:y:2015:i:2:id:251 X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/251 Template-Type: ReDIF-Article 1.0 Author-Name: Marek Vochozka Author-Name: Jan Váchal Author-Name: Jarmila Straková Title: Measuring technical efficiency using the example of construction companies Abstract: This paper presents one of the possible approaches for measuring business performance, or more precisely, the measurement of technical efficiency for a set of construction companies. The theoretical basis of technical efficiency is defined. This provides information on the level of utilization of factors of production by a company whereby it is possible to identify the potential of the business and its potential losses. Single-factor linear production functions are used for this purpose. The test file includes 15,189 construction companies from all regions of the Czech Republic. A production function for the observed set of companies is defined, as are the strengths of the individual production parameters. A specification of the derived production function according to the year and relevant region is also given. The set method allows us to predict the production functions in the respective regions and their average production at the set structure of production factors which expresses the specifics of the respective region. Keywords: Business performance, Technical efficiency, Single-factor production function, Business performance, Technical efficiency, Single-factor production function Classification-JEL: G30 Volume: 2015 Issue: 2 Year: 2015 File-URL: http://www.vse.cz/eam/252 File-Format: text/html Handle: RePEc:prg:jnleam:v:2015:y:2015:i:2:id:252 X-File-Ref: http://www.vse.cz/RePEc/prg/jnleam/references/252