Czech Abstract: Cílem tohoto článku je kriticky zhodnotit následky porušení zákazu konfliktu zájmů, který je uložen členu statutárního orgánu právnické osoby jako jejímu zástupci novým občanským zákoníkem a zákonem o obchodních korporacích. Podstatou otázky je,...

Volatility of the financial time series belongs to the crucial estimated parameters in finance (e.g. in risk management, derivative pricing). It is well known, that volatility varies in time, so that new approaches of volatility modeling have appeared. In this paper two models of the conditional...

This study explores bank´s transformation in the Czech Republic from the point of view of their profit. It considers factors that influenced domestic banks and income structure of peer groups. Under conditions of equal competition, the peer groups showed different characteristics in terms of...

Estimation of volatility of financial time series plays a crucial role in pricing derivatives. Volatility is often estimated from historical data; however, it is well known that volatility varies in time. We propose a method to choose a suitable length of historical data to estimate contemporary...

Efficient Market Hypothesis has dominated the field of research on capital market theory. It postulates that asset prices are rationally connected to economic realities and always incorporate all the information available to the market. A huge quantity of theoretical works around the world have...

The article is concerned with voting indicators in the European Union. The first chapter constructs a model of voting power and defines four indicators: A. Simple relative power, B. Shapley-Shubik index, C. Banzhaf index, D. Coleman index. The second chapter defines data: the voting structure...

The authors use a variance ratio test to test the weak form of market efficiency as regards capital markets in the Czech Republic, Slovakia, Hungary, Poland, and in the United States. Market efficiency was tested using weekly and monthly values of relevant market indices in a period from 1993...

The text deals with claimants approaching to insolvency proceedings in decisions by courts. It focuses on the application of the Civil Proceedings Act to insolvency proceedings, especially problems of approaching insolvency proceedings. It also reflects the incorrect application of law in the...

The dramatically growing disproportion between the value of corporate assets and market valuation has resulted in a well-researched schism between strategic management and financial theory. Options theory provides a potent tool to resolve this issue. We propose a model which is consistent with...

An unexpected loss created due to outdated calculation methods can be avoided through contribution margin calculation. Contribution margin are great for sophisticated monitoring of up-to-date situation in the company and as well it provides much better information than the accounting system....