Acta Oeconomica Pragensia, 2010 (vol. 18), issue 4

Financial Crisis and Its Impacts on the Stock Market

Michaela Otýpková

Acta Oeconomica Pragensia 2010, 18(4):3-11 | DOI: 10.18267/j.aop.309  

The article deals with a numerical comparison of impacts of financial crises on the stock market over the last one hundred years. The goal of the analysis is to investigate, according to certain criteria, whether the current crisis on the stock market is more serious than the previous ones.

Export Promotion and the Global Economic Crisis. Experiences and Lessons for Nigeria as a Mono-product Economy

Bassey Benjamin Esu, Nsobiari F. Awara

Acta Oeconomica Pragensia 2010, 18(4):12-31 | DOI: 10.18267/j.aop.310  

The importance of export promotion and marketing cannot be overemphasized. This is because of the attendant economic flow into the home country. Because of these benefits, Nigeria as a sovereign nation has been involved in exportation of goods and services. After forty-nine years of independence, Nigeria's export drive has failed to yield the expected economic benefits to the country. The export promotion policies of the government appear to be ineffective. This paper highlights the export promotion and marketing problems in Nigeria and the lessons therein. The paper contains recommendations that authors believe would produce result-oriented export...

Some Issues of Political Economics of Multinational Corporations

Tomáš Evan

Acta Oeconomica Pragensia 2010, 18(4):32-43 | DOI: 10.18267/j.aop.311  

The existence of multinational corporations is not self-evident. These corporations have costs linked with business in foreign countries compared to their domestic competitors. Therefore, in the long term, they must have particular advantages over domestic firms. These advantages are external to the market system, and in order to make them exist, a governmental activity is necessary. The government, through its intervention on the market, increases transaction costs of using the market mechanism, and through this, it also increases the influence of multinational corporations. Today, the issue is the influence of active external macroeconomic policy...

A Non-Experimental Evaluation of Unemployment Risk in Crete and the Ionian Islands: Regional Evidence for Greece

Stavros Rodokanakis

Acta Oeconomica Pragensia 2010, 18(4):44-63 | DOI: 10.18267/j.aop.312  

The basic aim of this paper is to investigate the impact that individuals' level of education and participation in training programmes (apprenticeship, intra-firm training, continuing vocational training, popular training) have on their job prospects in Crete and the Ionian Islands, both among Greece's top tourist destinations, during the implementation of the first Community Support Framework - CSF (1989-1993). We try to see whether the level of education itself and participation in training programmes increased the chances of finding a job. More specifically, we examine the social and demographic characteristics that increase the chances of someone...

A Study of HRM Practices and Organizational Culture in Selected Private Sector Organizations in India

Anil Kumar Singh

Acta Oeconomica Pragensia 2010, 18(4):64-80 | DOI: 10.18267/j.aop.313  

This paper examined the relationship between HRM practices and organizational culture in private sector organizations operating in India. Organizational culture has developed in the Indian environment along with global work values. This study is based on a survey of 95 respondents working in two private sector organizations. Although the HRM practices in these organizations differ a lot, there is a significant relationship between HRM practices and organizational culture.