This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the firm by the view of the new institutional economics. In the first part, author presents resources and presumptions of the TCT mainly by O. E. Williamson. The theory is based on...

The paper deals with quality management in the sector of Tourist Information Centres (TIC) in the Czech Republic and the development of the quality management systems in the sector as part of the national quality management system in tourism. Since the TICs perform a prominent role in...

Entrepreneurs have been exposed to continually increasing competitive pressures. Hence, a process of continuous improvement is to be an inherent part of firm management. In case this process shall be implemented on a broad basis with the aim to maintain and increase firm competitiveness, then...

The paper focuses on the analysis of the particular sectors of non-financial corporations based on mainly yearly national accounts. We explain some of the aggregates of the national accounts but the focus of the paper is placed on the application of standard tools of financial analysis on the...

The article analyses development of liquidity indicators of industrial companies during period 2007-2009 in consequence to accession of global economic crisis. With focus on crisis, it evaluates development of liquidity indicators of industry as a whole and also analyse particular industrial...

The article analyses development of number and structure of extinct economic entities within the years 2006-2010. The analysis modifies primary conclusions about the development of extinct entities according to the adjustments by extraordinary impacts. The structure of extinct entities is...