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Joint-stock companies are among the most fundamental components of a market economy. “Voucher privatization” in the Czech Republic saw an abrupt mushrooming of joint-stock companies where none had appeared for over a generation. This occurred in an environment lacking in guiding...
Persistent link: https://www.econbiz.de/10005698625
An easy and popular method for measuring the size of the underground economy is to use macro-data such as money demand or electricity demand to infer what the legitimate economy needs, and then to attribute the remaining consumption to the underground economy. Such inferences rely on the...
Persistent link: https://www.econbiz.de/10005036661
The paper demonstrates how survey methods and retrospective questions can be put to effective use in the study of shadow-economy dynamics; specifically, the evolution of tax evasion in the Czech Republic. The authors measure the average individual's transition between the shadow and official...
Persistent link: https://www.econbiz.de/10005698626
other economic and institutional indicators: tax burden, economic freedom and corruption levels. …
Persistent link: https://www.econbiz.de/10005036632
Building upon exhaustive research of extant and often fragmentary contemporary resources, this paper provides a thorough analysis of financial options trading and sales in interwar Czechoslovakia. Whilst focusing primarily on a remarkable bucketshop episode occuring in the late twenties and...
Persistent link: https://www.econbiz.de/10009019524
creation, maintenance and cultivation of appropriate political and economic institutions ("political and economic design … influence of informal institutions, which undoubtedly create "the spawn, out of all grown up". If the state were to be … understood in its minimal role, i. e. as the guarantee and co-creator of basic "well-established" rules and/or institutions, the …
Persistent link: https://www.econbiz.de/10005036666
responsibilities of supervising institutions are still among open problems of the economic policy of the Czech Republic. Currently four … institutions share the supervision of Czech financial markets. These institutions differ by their legal statuses, rights and … procedures. Some institutions have an internal conflict of their targets. A programme of two step integration was adopted in the …
Persistent link: https://www.econbiz.de/10005067741
Persistent link: https://www.econbiz.de/10010415012
Persistent link: https://www.econbiz.de/10012269366
The theory "corporate social responsibility" (CSR) is characterized in the paper. The paper expresses the authors´ opinion, that CSR as a mere proclamation of necessity of the firms´ ethic behavior does not enforce this into praxis. The internal economic motivation to CSR is the necessary...
Persistent link: https://www.econbiz.de/10008752941