Modeling, measuring, and managing the risk is an inherent part of risk management in financial institutions. For those institutions, that are active at financial markets, the market risk plays a significant role. The market risk arises from unexpected changes of market pric...

The aim of the paper is to estimate the day of the week effect in the stock markets in the Czech Republic, Hungary and Poland over the period 2006–2012. The paper fills the gap in literature as the most recent period and the countries covered by the ...

The contribution deals with so far not very deeply analyzed, but very important issues of corporate valuation in financial distress. Only Damodaran offers the solution based on the valuation of the company in the financial distress as the option on the base of the ...

Portfolio selection problem is one of the most important issues within financial risk management and decision making. It concerns both, financial institutions and their regulator/supervisor bodies. A crucial input factor, when the admissible or even optimal portfolio is detected,...

The concept of customer satisfaction has been discussed in the literature a lot. It is considered to be an important factor in attracting and retaining customers. The main reason leading to this statement is the fact that satisfaction has a significant impact on the...

The article deals with the current situation of entrepreneurial environment in the service sector in the Czech Republic. In the introduction the development of the service sector is characterized in the context of the transformation process of the Czech national economy. The ...

Internationalization is a phenomenon researched intensively over the last few decades from a variety of viewpoints. Issues such as the development of international activities, and factors favouring or disfavouring internationalization have been studied for both large as well as ...

The understanding that buildings have a constantly increasing impact on the environment has changed the attitude towards the designing, construction and building management, whilst the classification of buildings regulating their planning, designing, construction and management contributes to...

This paper presents a new paradigm called “Creative Economics”. The globalization boom and development of new information and communication technologies (ICT) caused modifications in many human action activities and business implementation in recent years. In developed countries creativity...

The current financial and economic crisis reignited the interest in the output-unemployment relationship. The unemployment rate in Romanian economy reacted strongly to the fall in economic activity, by more than doubling in less than a year raising, and thus raising questions on&...

Quality of life is a frequently used term to evaluate living conditions of a person or a family. Both economic and non-economic factors of the quality of life are often taken into account and the role of external environment as objectivized measure for individual l...

For 20 years the successor states of the former Czechoslovakia have tried to improve health outcomes in an efficient or at least effective manner. Slovakia and the Czech Republic chose partly different policies, different health delivery and finance systems, and different payment...

Foreign direct investment accelerated over the past two decades as a result of the processes of globalisation and liberalisation. In addition to its other impacts, FDI changed the operation of developed market economies and integrated them more in the global economy. At a&#x...