Czech Financial and Accounting Journal, 2021 (vol. 2021), issue 1

Articles

Compliance with fiscal rules in EU countries

Pavel Morda

Český finanční a účetní časopis 2021(1):5-21 | DOI: 10.18267/j.cfuc.552  

The global financial crisis and the ensuing European debt crisis have exposed weaknesses in the structural fiscal stance of many European countries, where public debt has risen sharply over the past decade. At the same time, fiscal rules were reconsidered and adjusted, which did not consider the stabilizing function of fiscal policy important and allowed the governments of European countries to set pro-cyclical fiscal policies. Along with the implementation of new fiscal rules, politically independent national fiscal councils have also been established in the EU. An empirical analysis of compliance with fiscal rules in EU countries in 2002-2019 shows...

Competition in public procurement in the Czech healthcare system and its impact on the final price

Mária Horehájová, Milan Křápek, Juraj Nemec

Český finanční a účetní časopis 2021(1):23-35 | DOI: 10.18267/j.cfuc.553  

Due to the growing volume of public procurements in the Czech Republic every year, the topic of their quality setting and the achieved result is extremely relevant. One of the important qualitative criteria of public procurement (PP) is the degree of competition, which, as domestic and foreign studies show, affects the final, competitive price of PP. In our article, we focused on the relationship between the degree of competition and the achieved savings from PP in the Czech healthcare system in the period from 2014 to 2019. Our analysis confirmed a statistically significant inversely proportional relationship between the number of offers and the final...

Tax, financial and macroeconomic factors of corporate giving in the context of the Czech economy

Marek Halada

Český finanční a účetní časopis 2021(1):37-51 | DOI: 10.18267/j.cfuc.554  

The willingness of companies to donate is influenced by a number of factors. This paper intended to determine to what extent the tax legislation, financial results and macroeconomic factors affect corporate donation. Correlation analyses were used to determine the strength and significance of the relationships between variables. Model was based on data from the Ministry of Finance Czech Republic for the period 2002–2019. I have found that changes in tax regulation does not have a significant impact on donations, because companies manage donor policy primarily on the basis of the result achieved. Although the relationship of donation with costs...