European Financial Systems 2015

Proceedings of the 12th International Scientific Conference

Jan Krají?ek, Veronika Kajurová, Jan Krajíček, Jan Krajíček, Veronika Kajurová

• Publisher: Masarykova univerzita
• Year: 2015
• Print ISBN: 9788021079625
• eBook ISBN: 9788021080287
• Topic: Business
• Subtopic: Business General
• Index: Business

The conference was focused especially on the current issues related to new regulation of financial markets, banks and insurance companies and their products and efficiency, different accounting and tax systems, corporate finance, public finance, financing of non-profit organizations and financial literacy.

Table of contents

• PREFACE
• CONTENTS
• Determining Boundaries of Using Gold as a Defensive Asset (Svetlana Bekareva, Ekaterina Meltenisova, Daria Prokhorova)
• Evaluation of Investment Activity in the SR through the Development of Gross Fixed Capital Formation (Katarína Belanová)
• Profitability versus Debt in Hospital Industry (Agnieszka Bem, Paweł Prędkiewicz, Paulina Ucieklak-Jeż, Rafał Siedlecki)
• Natural Disasters and their Impact on Long-term Growth (Karina Benetti)
• Global Economy, Monetary Policies and their Impact on Financial Markets (Miloš Bikár, Miroslav Kmeťko)
• The Effect of a New Lease Reporting in Transport Companies (Hana Bohušová, Alžběta Srnová)
• Fees or Taxes - The Hamlet Question for the Czech Municipality (Pavlína Brabcová)
• Economic and Demographic Determinants of Life Insurance Industry Development (Zuzana Brokešová, Tomáš Ondruška, Erika Pastoráková)
• Comparative Study: The Financial Literacy of Students of Economics and Finance versus Students of Law (Barbora Chmelíková, Martin Svoboda)
• Management of Insurance Mediation for Small and Medium Enterprises (Viktória Čejková, Michal Fabuš)
• European Evidence on the Long-Run Superneutrality of Money (Oleg Deev, Martin Hodula)
• Management Trends in Slovakia’s Tax Revenue Administration and its Precess Model for Slovakia’s Economic Performance (Ján Dobrovič, Anton Korauš)
• Capital Structure and Credit Risk in the Czech Republic (Bohuslava Doláková)
• Performance of Actively Managed Funds in Various Stages of Business Cycle (Tomáš Dráb)
• Optimal Strategies for Tax Policy and Social Policy Tools Mix (Nadiya Dubrovina, Jana Peliova)
• The Options of Adaptive Modeling Environment in Cyberspace of Secure Electronic Banking (Jiří Dvořák, Karel Urbanovský, Martina Janková)
• Holding Company, Reasons for Creation, Advantages and Disadvantages (David Ficbauer)
• Influence of Volatility on Hedging Strategies (Hana Florianová)
• Premium Calculation for Critical Illness Products (Ján Gogola)
• Competitiveness in Slovak and Czech Public Procurement and its Effect on the Final Price (Matus Grega, Juraj Nemec)
• Efficiency of National Life Insurance Markets in Europe (Eva Grmanová)
• Efficiency in Two-stage Data Envelopment Analysis: An Application to Insurance Companies (Eva Grmanová)
• Foreign Currency Loans in Central and Eastern Europe: Did Regional Euro Internationalization Worsen Credit Quality? (Peter Haiss, Wolfgang Rainer, Gerhard Fink)
• Financial Models in the Nonprofit Sector (Taťána Hajdíková, Štěpánka Ondoková, Lenka Komárková)
• Analysis of Banking Fees and Clients' Needs (Martina Hedvičáková, Libuše Svobodová)
• Financial Results of the Company Depending upon Accounting Procedures (Comparison of the Czech Acconting Standards and IAS/IFRS) (Irena Honková, Jonáš Vbora)
• Development of Oil Prices and Key Determinants Influencing its Development (Ján Horvát)
• Coverage of Mortgage Bonds as Important Condition of Investor’s Confidence (Eva Horvátová)
• Optimal Sampling for the Detection of Market Microstructure Noise (Juraj Hruška, Oleg Deev)
• Sovereign Bond Spreads as a Predictors of Gross Domestic Product Growth in North America (Jana Hvozdenská, Veronika Kajurová)
• Behavioral Biases: Analyzes of Investment Strategies (Věra Jančurová)
• Size of Compensation for Personal Injuries Offered by the Current Coverage Plans in Medical Liability Insurance (Anna Jędrzychowska)
• Classification of Work-related Accidents as the Basis of Analysis of Employe’s Liability Risk and Insurance Decisions (Anna Jędrzychowska, Ilona Kwiecień)
• Bayesian Estimates of the Regional Costs in Public Health System of the Czech Republic (Pavla Jindrová, Kateřina Seinerová)
• The Banking System of the Czech Republic as a Cybernetic System – a Unit Step Response Analysis (František Kalouda)
• Exchange Rate Pass-Through in Turkey under Inflation Targeting Regime (Özcan Karahan)
• Latest Developments in Banking Regulation in the European Union (Mária Klimiková, Martin Vovk)
• Acqusition Activity in Financial Sector (Anton Korauš, Róbert Štefko , Ján Dobrovič)
• Net Working Capital across Sectors in the Czech Republic (Petra Kozáková, Jana Pevná)
• Profit versus Cash Flow in Sectors of the Czech Republic (Petra Kozáková)
• Fields: Investigating the Visibility of the Flows in Digital Business (Tomáš Krabec, Percy Venegas)
• The Impact of Interbank Interest Rates to Banks' Profit (Jan Krajíček)
• Resource Accounting and Budgeting for Managing Personnel Costs and the Amount of Capital Expenditures in the UK Armed Forces (Miroslav Krč, Vladimír Golik)
• Definitioni of Electronic Banking Crisis Management in Financial Markets Cyberspace (Marian Kršiak, Jiří Dvořák)
• Determination and Analysis of Actual IN05 Accuracy in Prediction of Creditworthiness (Michal Kuběnka, Aneta Bolečková)
• Compulsory Insurance of Liability for Environmental Damage: Arguments and Consequences: (Pavla Kubová)
• Application of Gravity Framework to Bilateral Mutual Fund Flows in the Asia Pacifik Region (Oleksandra Lemeshko, Veronika Končiková)
• Timing Abilities of Mutual Funds in Countries of the Central and Eastern Europe (Oleksandra Lemeshko, Oldřich Rejnuš)
• Cross-sectional Analysis of Short Sale Determinants in the U.S. Market Sectors (Dagmar Linnertová, Silvie Kafková)
• Application of the Nonlinear Oscillations Theory to the Study of Non-equilibrium Financial Market (Nikolay Markov, Viktor Dmitriev, Svetlana Maltseva, Andrey Dmitriev)
• Cash Levels and its Role in Full Operating Cycle Enterprises: 2005–2013 Czech, Slovak, Hungarian and Polish Enterprises Case (Grzegorz Michalski, Emilia Brozyna, Joanna Soroczynska)
• Political Uncertainty as an Economic Risk Factor: the Regional Perspective from Russia (Dmitry Mitin, Maria Ginzburg, Nadezhda Yashina)
• The Threats of the Banking Union for the Polish Banking Sector (Krystyna Mitręga-Niestrój, Blandyna Puszer)
• Systematization of Modern Structured Products according to the Parameters Common to all these Instruments (Peter Mokrička)
• Comparing Stock Market Efficiancy with Detrended Fluctuation Analysis (Galina Mukhacheva)
• Prediction of Oil Depletion in Ghana Based on Hubbert’s Model (Dennis Nchor, Václav Klepáč)
• Evaluation Criteria for Public Procurement (František Ochrana, Michal Plaček, Veronika Abonyiová, Milan Jan Půček)
• Identification of the Consumer of Insurance Services: Evidence from the Slovak Republic (Tomáš Ondruška, Zuzana Brokešová, Erika Pastoráková)
• Lebanese Loop and Protection Techniques against this Type of Fraud (Gabriela Oškrdalová)
• The Interest Rates of the Central Bank and the Banking Sector (Dalibor Pánek)
• Credit Risk Assessment (Martina Pokorná, Miroslav Sponer)
• The Costs of Deflation: Are they Really so High? (Stanislav Polouček, Martin Hodula)
• Analysis of the Effectiveness of Selected New Types of Bonus-Malus-Systems – A Simulations Approach (Ewa Poprawska)
• Vienna Insurance Group’s Development on the Slovak Insurance Merket between 2005 and 2013 (Lenka Přečková)
• Unit-linked Insurances as an Element that Shapes the Savings Portfolio of Householdas in Poland after the Accession to the European Union (Ryszard Pukala, Peter Adamišin)
• Contemporary Development of the European Monetary Union and its Risk Factory (Oldřich Rejnuš)
• The Brand in Accounting and Economic Concepts – Comparison of the Czech and International Approach (Jaroslav Sedláček, Roman Skalický)
• Valuation of Companies in an Early Stage of Development Using S-curve (Rafal Siedlecki, Daniel Papla, Malgorzata Kwiedorowicz)
• Assessment of Institutions of Finacial Education and Literacy in the Czech Republic, the Slovak Republic and the United Kingdom of Great Britain and Northern Ireland (Barbora Smoradová, Martin Svoboda)
• Could Financial Literacy Overcome Price Information Asymmetry: Empirical Study (Ivan Soukal, Jan Draessler)
• Labour Costs and Capital Employed of Limited Liability Companies in the Czech Republic (Jana Steklá)
• Relationship between Estimated Value of Public Contract and its Price (Tereza Stloukalová, Radek Jurčík)
• Impact of Selected Value Drivers on the Performance of Companies in the Manufacturing Industry (Michala Strnadová, Mária Režňáková, Michal Karas)
• Consumer Satisfaction and Enterprise Performance (Petr Suchánek, Maria Králová)
• Evaluation of Financial Strategy in Agricultural Companies (Veronika Svatošová)
• Is Methodology Based on Rights-of-use Transfer Suitable for SMEs Lease Reporting? (Patrik Svoboda, Hana Bohušová)
• The Payment Cards and their Utilization in the Czech Republic (Libuše Svobodová, Martina Hedvičáková)
• Relationship between Government Bond Yield Spread and Fiscal Fundamentals in Selected EU Countries (Irena Szarowská)
• The Role of ECB as a Supervisory Authority within European Union (Lukasz Szewczyk)
• Augmented Gravity Model of International Trade: An Empirical Application to Poland's Trade Flows (Jana Šimáková)
• The Analysis of Market Concentration of Audit Services in the Czech Republic (Michal Šindelář)
• Monetary Aggregates and Consumer Price Inflantion in the Euro Area (Ľudomír Šlahor, Peter Stanko, Mária Barteková)
• Relationships between Health Care Services and Health System Outcomes – Empirical Study on Health System Efficiency (Paulina Ucieklak-Jeż, Agnieszka Bem, Paweł Prędkiewicz)
• Nexus of Ruble Exchange Rate and Other Macroeconomic Factors in the Period of Recent Economic Instability (Tomáš Urbanovsk)
• The Possibilities of Modern Simulation Modeling of Electronic Banking in Cyberspace of Information Society (Karel Urbanovský, Jiří Dvořák, Martina Janková)
• Impact of Mergers of Czech Companies on their Value Added (Petr Valouch, Maria Králová)
• Insurance Solutions of Covering Agricultural Risk: The Case of the Czech Republic (Eva Vávrová)
• The Long-term Assets Reporting in the Czech State Administration Organizations (Jana Vodáková)
• What is the Future of Public Expenditure in the European Countries? (Mirka Wildmannová)
• The Conflict between the Frequency of the Polish Forms’ Liquidity Problems and the Polish Bankruptcy Law Interpretation (Joanna Wyrobek)
• Socio-economic Situation of the Countries and their Public Debt: Perspective 2015 (Nadezhda Yashina, Maria Ginzburg, Nataliia Pronchatova-Rubtcova)
• Financial Literacy: An International Comparison between Germany an the Czech Republic (Alexander Zureck, Martin Svoboda)