M29 - Business Economics: OtherReturn

Is reasonable for Prague (or for the Czech Republic as a whole) to be able to organize such sport event (from the organizing or financial point of view), or is it a wishful thinking of the group of the "Olympic Prague" fans? The text is based on the study of the Academy of the Science of the Czech Republic dealing with the economic aspects of the Olympic Games in Prague, and this text deals with the actual topic about the organizing of the summer Olympic Games in Prague in the horizon of the years 2016 or 2020. The main assumption of the realization of this event is the necessity of the finishing of the traffic and technical infrastructure due to the municipal plan. Realizing of the economical variant of the Olympic Games is not connected with the significant level of the profit or loss. It is Prague who should make the final decision whether to be able to be side by side of the other significant cities and be the candidate for this event; Prague has a great chance to succeed.

Miller's and Modigliani's article Dividend Policy, Growth and the Valuation of Shares (1961) represented a revolution in the dividend theory development. By the issue of the article there was predominant opinion that the right choice of dividend policy can positively influence business value. In mentioned article authors presented dividend neutrality evidence in model with perfect markets, rational behavior and perfect certainty. Thenceforth scientists try to prove whether dividend neutrality is effective in real life or not. So far it hasn't failed to prove validity of the thesis, on the other hand to disprove as well not.