Template-Type: ReDIF-Article 1.0
Author-Name: Jakub Haas
Author-Name: Eva Gajdošová
Title: The Performance Indicators for The State Health-related Expenditures: Lessons from OECD
Abstract: The paper deals with the weakness of the Czech public finance - the lack of performance information. The budgeting in the Czech Republic still relies on the incremental method and omits using of performance indicators. On the contrary, most of the OECD member countries has adopted some type of performance budgeting. The paper focuses on the healthcare expenditures of the Czech state budget, analyses long-term experience with performance budgeting in the U.S.A., Australia and New Zealand. It also identifies opportunities and suggests the specific quantitative performance indicators for suitable programmes and organisations of the Ministry of Health.
Keywords: Budgeting, Healthcare, Performance indicators
Classification-JEL: H61, I18
Pages: 05-22
Volume: 2016
Issue: 1
Year: 2016
File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=150.pdf
File-URL: http://www.vse.cz/efaj/150
File-Format: text/html
Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:1:id:150:p:05-22
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/150

Template-Type: ReDIF-Article 1.0
Author-Name: Marie Hladká
Author-Name: Vladimír Hyánek
Title: Explanation of the Donor Decision-making Process in the Czech Republic through a Combination of Influences of Individual Motives
Abstract: Motivation represents a foundation corestone on which analyses in a number of the humanities and social sciences are built. For a long time, economists have seen motivation as connected with the act of giving, trying to interpret it in the context of the neoclassical economics assumptions. On the basis of representative theoretical models, Ziemek (2003) distinguishes three basic categories of motives underlying the act of giving: altruism, egoism and investment. The paper follows on from the research (Hladká, Hyánek, 2015) that generated interesting outcomes and presented a comprehensive picture of the motives influencing donor behaviour in the Czech Republic. The authors have enriched it with a new dimension in the form of an analysis and an appropriate research method. The authors submit a theoretically reasoned set of motives influencing donor behaviour to an explorative factor analysis with the aim to determine a group of the variables that statistically “belong together”, i.e. are underpinned by a common factor. The result of the analysis is reduction of the original 37 identified motives to eight new aggregate factors which are newly named and can be used for further empirical testing.
Keywords: Altruism, Charitable giving, Factor analysis, Motive, Philanthropy
Classification-JEL: C91, D01, D64
Pages: 23-38
Volume: 2016
Issue: 1
Year: 2016
File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=151.pdf
File-URL: http://www.vse.cz/efaj/151
File-Format: text/html
Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:1:id:151:p:23-38
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/151

Template-Type: ReDIF-Article 1.0
Author-Name: Aykut Ekinci
Title: Rethinking Credit Risk under the Malinvestment Concept: The Case of Germany, Spain and Italy
Abstract: This study argues that increasing malinvestment in an economy raises the actual credit risk but not the calculated credit risk until the onset of a recession. To this end, I analyse the relationship between credit risk and malinvestment in Germany, Spain, and Italy using a credit risk indicator based on nonfinancial corporate bond yields and annual loan growth for nonfinancial corporations from January 2004 to November 2014 on a monthly basis. The study also analyses Italy using sectorial non-performing loans data since Italy was the most affected by malinvestment among the countries in question. As a result, this paper suggests that banks should include malinvestment as a subcomponent of credit risk and recognize that the actual credit risk is higher than the calculated credit risk during artificial booms. This recommendation also underscores that malinvestment should be analysed more empirically.
Keywords: Credit risk, Malinvestment, Monetary Transmission Mechanism, Austrian Business Cycle
Classification-JEL: B53, E32, E50
Pages: 39-64
Volume: 2016
Issue: 1
Year: 2016
File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=152.pdf
File-URL: http://www.vse.cz/efaj/152
File-Format: text/html
Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:1:id:152:p:39-64
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/152

Template-Type: ReDIF-Article 1.0
Author-Name: Petr Svoboda
Title: Usability of Methodology from the USA for Measuring Effect of Corporate Tax on Organizational Form in the Czech Republic
Abstract: The goal of this paper is to examine the methodology, used by authors Mackie-Mason and Gordon for measuring effects of corporate tax on business organization form, which is connected to issue of double taxation, in the United States and find out, if the same approach can be applied on business environment in the Czech Republic. Eventually recommend changes for this methodology to be more suitable for this environment taking into account its specific factors.
Keywords: Double taxation, S-corporation, C-corporation, Czech tax environment, Business organizational form
Classification-JEL: H25, H32
Pages: 65-75
Volume: 2016
Issue: 1
Year: 2016
File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=153.pdf
File-URL: http://www.vse.cz/efaj/153
File-Format: text/html
Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:1:id:153:p:65-75
X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/153