Czech Financial and Accounting Journal, 2013 (vol. 2013), issue 1
Introduction
Nad novelou zákona o vysokých školách
Petr Dvořák
Český finanční a účetní časopis 2013(1):4-5 | DOI: 10.18267/j.cfuc.328 
Vážení čtenáři, po letech opakovaných pokusů změnit zákon o vysokých školách se nyní zdá, že toto úsilí nabývá jasnějších obrysů v podobě paragrafovaného znění rozsáhlé novely vysokoškolského zákona. Je pravdou, že do platnosti této novely je nutné, aby ještě úspěšně prošla úskalími legislativního procesu, ale bez ohledu na to je možně si položit otázkou, co mohou navrhované změny do vysokoškolského prostředí přinést. Na počátku musím říci, že si nejsem zcela jist, zdali vůbec víme, v čem jsou slabá místa našich vysokých škol a hlavně, zdali víme, jak je lze řešit. Základní problém vidím v tom, že v poslední době sice často slýcháme o nezbytnosti zásadní...
Articles
Is the European Union Regulatory Activity after the Financial Crisis Appropriate in Respect to Insurance Industry?
Pavel Hellebrand
Český finanční a účetní časopis 2013(1):6-19 | DOI: 10.18267/j.cfuc.329
This article deals with the actual development and changes in the regulatory approach in a financial services area. Especially it focuses on process of identification of the weaknesses of the regulatory environment in the EU by The High-Level Group On Financial Supervision In The EU chaired by Jacques de Larosière Report and implementation of recommendation contained in the same report. The report of the de Larosière group identified serious shortcomings in the existing system of financial supervision in Europe. There is a single market and across borders operations, but supervision remains uneven and often uncoordinated. A stronger financial...
Analysis of the Regulation on Officially Supported Export Credits from the Czech Exporters´ Viewpoint
Jiří Nakládal
Český finanční a účetní časopis 2013(1):20-32 | DOI: 10.18267/j.cfuc.330
The article addresses international regulation in the field of officially supported export credits. The author emphasizes differences between respective bank and insurance markets as well as differences between functioning of the respective commercial and state supported institutions. Analysis of the competition background at particular markets is followed by assessment of the legal regulation that limits export credit agencies´ operations with impact on Czech exporters´ competitiveness. Czech exporters suffer from partial disadvantage stemming from regulation at Organization for Economic Cooperation and Development level. At the European Union level...
Are Credit Unions Dynamite on the Czech Financial Market?
Milan Matejašák, Petr Teplý
Český finanční a účetní časopis 2013(1):33-47 | DOI: 10.18267/j.cfuc.331
In this paper we focus on often forgotten subjects of economic analyses: Czech credit unions. In specific, we centre our analysis on capital adequacy of the largest four credit unions which report lower capital adequacy compared to the rest of the credit union segment or to Czech banks. Recent credit growth of the four largest unions seems unsustainable and risky; what leads to their decreasing capital adequacy. Lower adequacy then leads to lower resiliency to increased risks of current economic crisis. Our analysis estimates that unless credit unions slow down their recent rapid credit growth, they would need to increase their capital by CZK 2.2 billion...
Employees and Their Efficiency in the Czech Companies Financed by Venture Capital
Jaroslava Rajchlová, Anna Fedorová
Český finanční a účetní časopis 2013(1):48-60 | DOI: 10.18267/j.cfuc.332
A research task, the results of which have been summarized in the article, solved a partial issue of the venture capital and tested an assumption on higher frequency of the growth of the quantity "employee efficiency" compared to the frequency of the growth of the number of employees working in the companies with venture capital funding. Methods of descriptive statistics were primarily employed to carry out the empirical research. Having surveyed the whole file of monitored companies the fact was found out that 63% of companies indicated higher frequency of the growth of the quantity "employee efficiency", in 23% of companies higher frequency of the...
Limits and Opportunities of Single Collection Point in the Czech Republic
Jana Tepperová, Kateřina Kubantová
Český finanční a účetní časopis 2013(1):61-76 | DOI: 10.18267/j.cfuc.333
The Czech Republic is currently setting up so called single collection point. The aim of this project is to merge collection of taxes, duties and contributions on public insurances. The main goal of the merged administration is simplification, efficiency and rationalization of tax, duties and obligatory contribution administration. We analyze up to now course in setting up the single collection point in the Czech Republic and discuss opportunities and related risks concentrating on merger of tax and insurance contributions administrations. We briefly state also the experiences of other states with similar projects and emphasize similarities with single...
Company Strategic Management and Its Information Support - Heating Company Hradec Králové Case (Strategy Transformation and Results Evaluation)
Bohumil Král, Jiří Seidler
Český finanční a účetní časopis 2013(1):77-88 | DOI: 10.18267/j.cfuc.334
The aim of the submitted paper is to describe on the basis of evaluation basis recent system of management of the Heating Company Hradec Králové with the primary attention to its information support and to document on its example to what extend it reflects progressive tendencies influencing strategic company development. The paper is divided into two parts; this second one is devoted especially to questions of the strategy transformation into a shorter time horizons and more specific product, responsibility and process sizes. The article concludes system of the company strategic management including the part solving strategy transformation is on a...