European Financial and Accounting Journal, 2018 (vol. 13), issue 2

Articles

Analysis of the Individual Travel Insurance in the Czech Republic

Zdeněk Rybák

European Financial and Accounting Journal 2018, 13(2):5-30 | DOI: 10.18267/j.efaj.207  

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,...

The Quality of Disclosure under IAS 38 in Financial Statements of Entities Listed on PSE

Michal Novák

European Financial and Accounting Journal 2018, 13(2):31-44 | DOI: 10.18267/j.efaj.208  

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,...

Labour Taxation and its Effect on Employment Growth: Latest Estimations with Focus on the Czech Republic

Lucie Kábelová, Ondřej Bayer

European Financial and Accounting Journal 2018, 13(2):45-57 | DOI: 10.18267/j.efaj.209  

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.

Home vs. Cross-Border Takeovers: Is There Any Difference in Investor Perception?

ATM Adnan

European Financial and Accounting Journal 2018, 13(2):59-84 | DOI: 10.18267/j.efaj.210  

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...