Template-Type: ReDIF-Article 1.0 Author-Name: Zdeněk Rybák Title: Analysis of the Individual Travel Insurance in the Czech Republic Abstract: The main goal of this paper is to provide the description, current offer and factors behind the premia differences of the travel insurance products offered in the Czech Republic. It focuses on the premia pricing, risks covered, claim limits, product distribution and terms and conditions in comparison with the Central European region. Also, there are expressed findings, limitations and trends of this product. The paper first analyses the whole market of travel insurance. Next, it focuses on the travel insurance in general in order to provide the readers with some basic information. There is provided a description of the situation in the Czech Republic, such as the travel insurance with details on the risks covered, forms of the travel insurance, distribution channels, limits for the coverage, price factors (age, purpose of the trip, destination, length of the trip). The analysis is complemented by price analysis in order to provide the price factor overview to this product, with an expansion and comparison of prices within the Central European region. The final part of the paper discusses findings on the travel insurance and also provides current trends in the travel insurance industry of the Czech Republic. Keywords: Czech Republic, Insurance, Travel insurance, Risks Classification-JEL: G20, G22, I13 Pages: 05-30 Volume: 2018 Issue: 2 Year: 2018 File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=207.pdf File-URL: http://www.vse.cz/efaj/207 File-Format: text/html Handle: RePEc:prg:jnlefa:v:2018:y:2018:i:2:id:207:p:05-30 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/207 Template-Type: ReDIF-Article 1.0 Author-Name: Michal Novák Title: The Quality of Disclosure under IAS 38 in Financial Statements of Entities Listed on PSE Abstract: There has been no recent examination of a disclosure of intangible assets under IFRS of entities listed on PSE. Hence, this article focuses on such an examination within financial statements reported for 2015 by entities listed on PSE and investigates whether these reports meet the minimum informational IFRS requirements. Adopted was the content analysis method, using a scoring system for the set of four questions which were answered (88 observations). The results revealed a poor level of the disclosure quality within the sample. Furthermore, our findings exposed a better level of disclosure for manufacturing companies relative to service companies, implicating a close linkage of disclosure compliance and the associated industry sector. Keywords: IFRS, IAS 38, Intangible Assets, Disclosure Classification-JEL: M40 Pages: 31-44 Volume: 2018 Issue: 2 Year: 2018 File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=208.pdf File-URL: http://www.vse.cz/efaj/208 File-Format: text/html Handle: RePEc:prg:jnlefa:v:2018:y:2018:i:2:id:208:p:31-44 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/208 Template-Type: ReDIF-Article 1.0 Author-Name: Lucie Kábelová Author-Name: Ondřej BAYER Title: Labour Taxation and its Effect on Employment Growth: Latest Estimations with Focus on the Czech Republic Abstract: The paper aims to assess effects of the tax wedge on the employment rate in the Czech Republic. To investigate the impact of the tax wedge on the employment growth, we used a one-equation cointegration model based on the Engle-Granger theorem on OECD data. The results are surprising, because of an unexpected positive relationship between endogenous and exogenous variables. The paper itself is divided into five main parts. The first part is an introduction to the topic and a review of the literature, the second part is on data, the third part is on the statistical methodology and the last two parts cover results and the final conclusion. Keywords: Personal Income Tax, Tax wedge, Employment growth Classification-JEL: H24, J30, J38 Pages: 45-58 Volume: 2018 Issue: 2 Year: 2018 File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=209.pdf File-URL: http://www.vse.cz/efaj/209 File-Format: text/html Handle: RePEc:prg:jnlefa:v:2018:y:2018:i:2:id:209:p:45-58 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/209 Template-Type: ReDIF-Article 1.0 Author-Name: ATM Adnan Title: Home vs. Cross-Border Takeovers: Is There Any Difference in Investor Perception? Abstract: This paper attempts to portray the empirical difference in investors’ perception towards the cross-border and domestic merger and acquisition (M&A) announcements of UK acquirer firms reflected through the significant abnormal stock return. The researcher conducts a short-run event study on the daily stock return of 100 UK bidding firms (50 involved in domestic and 50 involved in cross-border M&As between 2015 and 2016) to compare any significant abnormal returns (AAR and CAAR) around the event announcement period. National and international mergers and acquisitions have witnessed a considerable expansion globally, with the United Kingdom being one of the pioneers in the worldwide market for corporate domination. Research results exhibit that in domestic M&A bidding, firms experience a significant positive announcement return (CAAR) in the event window (t1 ̶ t0) redolent to the positive expectation of investors from the M&A transaction. However, the post-announcement negative return concurrently proves the initial overreaction of investors and the semi-efficient market hypothesis. Foreign M&As result in an insignificant positive return (CAAR) in all the three event windows. There was existence of a positive trend in the cross-border pre-event return (AAR) indicative of narrow possibilities of insider trading or investors’ optimistic anticipation, but this is not significantly conclusive. Keywords: Mergers and acquisitions, Cross-border, Domestic, Shareholders, Abnormal return Pages: 59-84 Volume: 2018 Issue: 2 Year: 2018 File-URL: http://www.vse.cz/efaj/download.php?jnl=efaj&pdf=210.pdf File-URL: http://www.vse.cz/efaj/210 File-Format: text/html Handle: RePEc:prg:jnlefa:v:2018:y:2018:i:2:id:210:p:59-84 X-File-Ref: http://www.vse.cz/RePEc/prg/jnlefa/references/210