This paper examines features of the Czech stock market’s development from 1997 to 2003 and attempts to unveil the macroeconomic consequences of stock-price development. The analysis of the stock market’s behavior supports a cautionary stance on the hypothesis of the efficient-market theory,...

The article deals with monitoring the use of financial resources from EU Structural Funds to support innovative activities in the Slovak Republic, the Czech Republic, Poland and Hungary not only in the present, but also in the previous programming period (2000-2006). It describes the areas to...

In this paper, we investigate the adequacy of scaling, a method frequently used in estimation of standard deviation of stock returns. Scaling is based on the assumption that standard deviation is proportional to the square root of the length of the time interval of the sample (for example daily,...