Czech Financial and Accounting Journal, 2016 (vol. 2016), issue 2
Articles
Theoretical backgrounds of modern bank regulation
Petr Pavlík
Český finanční a účetní časopis 2016(2):5-33 | DOI: 10.18267/j.cfuc.471 
The article deals with theoretical and practical dimension of the third generation of Basel regulatory standards. The implementation proves more complex than previously supposed. Modern bank regulation theory focus mainly on four areas: factors that lies beyond bank equity pricing, transmission channels of banking crisis on the international level, optimal design of the safety net, well-balanced intensity of regulatory restrictions. Unfortunately, in the real world, bank regulation standards do not often follow the recommendations of economic theory. The rules remain to be subject of policy influence of diverse advocacy groups including banks themselves....
Internal control system in the company with the focus on procurement department
Lenka Nováková
Český finanční a účetní časopis 2016(2):35-47 | DOI: 10.18267/j.cfuc.472
Control activities are used by managers in all levels of management decision like some feedback. The purpose of this activity is to get an objective picture of the reality-driven, and the fulfillment of the planned objectives and level of implementation of decisions taken. The control system in the company is an assembly of control activities, which are inter-connected, control system does not represent a diverse list of individual controls. This article analyzes the data that were collected in the form of a questionnaire, focusing on the internal control system in the procurement departments in companies, which are active in the Czech Republic.
Analysis of influence of macroeconomic indicators on life insurance premium in Czech Republic, Germany and US
Tomáš Kábrt
Český finanční a účetní časopis 2016(2):49-72 | DOI: 10.18267/j.cfuc.473
The article deals with an impact of macroeconomic variables (GDP per capita, unemployment rate and short term interest rate) on life insurance premium in the Czech Republic, Germany and the United States. The theoretical part discusses general characteristics of the insurance market, life insurance and its importance in the Czech Republic. In empirical part is analyzed an influence of factors on life insurance premiums, using econometric models based on time series. It used a model, operating with delayed independent variables (ADL), which defines a short-term relationships between time series and an error correction model (ECM), which examines the...
Electricity tax and renewable energy resources
Lenka Martínková
Český finanční a účetní časopis 2016(2):73-91 | DOI: 10.18267/j.cfuc.475
The paper deals with the issue of environmental taxes. It focuses on the energy taxes, which are introduced by Directive 2003/96/ES. The paper discusses the electricity tax in the Czech Republic. These taxes are compared with the tax in other EU states. The next part is focused on electricity prices and components of electricity. The paper deals with income effect. The substitution effect is only mentioned. Thank regression analysis is analysed relationship between price of electricity and electricity taxes. The paper deals with the electricity tax and its impact on renewable energy. The main goal is analyzed the impact of taxation on electricity to...
Transparent management of beneficiaries of contributions from Foundation investment fund
Marek Jošt
Český finanční a účetní časopis 2016(2):93-108 | DOI: 10.18267/j.cfuc.474
In the introduction, the article compares the legislation for foundations and foundation funds according to the law on foundations and foundation funds and the new Civil Code. The paper focuses mainly on the legislative changes in the field of auditing of foundations and foundation funds and on reporting of administrative costs in the annual reports. As far as the article is based on the empirical data of the beneficiaries of contributions from foundation investment fund, the foundation investment fund is also mentioned, and its role in financing of the foundations and foundation founds is described. The article comments on important areas of transparent...
90 years from the establishment of the Czechoslovak National Bank
Jitka Koderová
Český finanční a účetní časopis 2016(2):109-123 | DOI: 10.18267/j.cfuc.476
The article commemorates the 90th anniversary of the foundation of the Czechoslovak National Bank. In the first part the Banking Office of the Ministry of Finance as the first Czechoslovak central monetary authority as well as a predecessor of the Czechoslovak National Bank is characterized. In the second part the circumstances of the establishment of the Czechoslovak National Bank are analyzed. In the last part the Czechoslovak National Bank as the first central bank in our territory is dealt with.