Czech Financial and Accounting Journal, 2026 (vol. 2026), issue 3

Determinants of ESG Investment Positioning: Cross-Sectional Evidence from Global ETF Markets

Sandra Matušovičová, Peter Moravec

Český finanční a účetní časopis 2026(3):4-25  

20 years of the abolition of the Securities and Exchange Commission

Petr Musílek

Český finanční a účetní časopis 2026(3):26-39  

The paper discusses economic, non-economic and other factors of changes in the supervisory structure of the financial market in the territory of the present-day Czech Republic. The introductory part of the paper discusses the development of regulation and supervision of the Czech financial market. The next part explains the variants of the institutional structure of supervision, including their advantages and disadvantages. The surprising Czech solution to the integration of supervision is also discussed. The final part of the paper discusses the impacts of an inappropriate level of regulation and supervision on the Czech capital market.

DORA, Leiden Manifesto and Science Quality Assessment

Bohumil Stádník

Český finanční a účetní časopis 2026(3):40-48  

In recent decades, the evaluation of the quality of scientific work has increasingly relied on quantitative indicators. The number of publications, citation response, impact factor of journals or other bibliometric indicators make it relatively easy to compare individual researchers, workplaces and entire institutions in one number. At the same time, however, it turns out that such a simple quantitative evaluation can lead to a significant distortion of the quality of scientific work and negative consequences for the economy and society as a whole. In the article, we propose the "teaching impact" indicator, which is basically based on the idea...

When Companies Change but the Business Continues: VAT Evasion and Criminal Liability in App-Based Taxi Services

Radek Jež

Český finanční a účetní časopis 2026(3):49-64  

Digital ride-hailing platforms record completed trips and fares in detail. In fleet-operated taxi services, however, these data do not necessarily identify the person required to declare value added tax (VAT), nor do they establish criminal liability for its intentional evasion. The article distinguishes continuity of transport operations from the legal independence of successive fleet companies. It proposes a twofold attribution framework: first, linking individual taxable supplies and VAT obligations to the appropriate taxable person and tax period; second, assessing the conduct and intent of the individuals involved. The framework is illustrated...