Acta Oeconomica Pragensia, 2018 (vol. 26), issue 4

PRE-PACKED INSOLVENCIES

Tereza Voráčková, Alexandr Potůček, Filip Sýkora, Jaroslav Schönfeld

Acta Oeconomica Pragensia 2018, 26(4):3-11 | DOI: 10.18267/j.aop.608  

This paper focuses on pre-packed insolvencies prepared in the Czech Republic according to Act No. 182/2006 Coll. on bankruptcy and settlement. The analysed time period covers the years 2008-2017. The data sample contains all identified pre-packed insolvencies from the insolvency register and the financial data was extracted from the Albertina corporate database. Pre-pack insolvencies are insolvencies that begin with an insolvency proposal and accompanied by a reorganisation plan already approved by creditors. First, the paper describes the sample from different points of view and is focused on the size of the enterprise, the field of activity, the...

Unemployment and economic growth: Is there a relationship in the European Union?

Milen Velev

Acta Oeconomica Pragensia 2018, 26(4):12-29 | DOI: 10.18267/j.aop.609  

The aim of this paper is to investigate the relationship between unemployment and economic growth in the European Union and in individual European countries. This allows to determine what the effect on the unemployment rate will be when there is a change in output. The European Union (28 countries) quarterly data used is for the period from 2000Q1 to 2017Q3. Regression analysis, co-integration analysis and a vector error correction model have also been used. The relationship between the unemployment rate and economic growth in the EU-28 for the period examined in this study is less pronounced in comparison with the other countries. A negative relationship...

The Minimum Wage in the Neoclassical and the Behavioural Labour Market Theory

Dagmar Brožová

Acta Oeconomica Pragensia 2018, 26(4):30-41 | DOI: 10.18267/j.aop.610  

The question of the minimum wage has been constantly discussed in scientific economic literature. The dominant economic paradigm is neoclassical economics, which must cope with the attacks from modern streams of economic thought. The article analyses the fundamental differences in the approaches of the mainstream neoclassical and modern behavioural approach to labour economics. The comparison of the neoclassical and behavioural interpretation of the minimum wage points to the basic differences in the approach to the minimum wage. Neoclassical economics is founded on the theoretical basis of the competitive market and presents a reserved attitude to...

VALUE ADDED TAX IN REORGANISATION

Václav Žalud, Jan Králíček

Acta Oeconomica Pragensia 2018, 26(4):42-50 | DOI: 10.18267/j.aop.611  

This paper discusses the current Czech and European legal framework applicable to the adjustment to the taxable amount with respect to claims partially cancelled due to the insolvency of the customer resolved by reorganisation. The partial cancellation, according to the authors, serves as grounds to adjust a taxable amount under the EU VAT Directive. The supplier is entitled to issue a corrective invoice and claim a refund of a proportion of the VAT paid with respect to the delivery of goods or services to an insolvent debtor. However, such practice is not yet followed by the Czech tax authorities who do not allow for a reduction of a taxable amount...

Radovan Richta - The Predecessor of the Club of Rome and the 4.0 Vision

Pavel Sirůček, Zuzana Džbánková

Acta Oeconomica Pragensia 2018, 26(4):51-61 | DOI: 10.18267/j.aop.612  

Radovan Richta was a Czech academic, philosopher, sociologist, prognostic, and head of an interdisciplinary research team. He specialised in the issues of the scientific and technological revolution and its social and human contexts. Both in the East and the West, he was famous for the work of Civilization on the Crossroad, which in many ways surpassed its time. Richta (and his team of scientists) may perhaps be considered the predecessors of the Roman Club. His link is highly inspirational for the current reflection on the so-called fourth industrial revolution and civilizational milestones as well as system changes.