Czech Financial and Accounting Journal, 2024 (vol. 2024), issue 2

Articles

Corporate social responsibility in annual reports of Czech and Slovak companies

Michal Šindelář

Český finanční a účetní časopis 2024(2):4-22 | DOI: 10.18267/j.cfuc.590  

The article deals with the issue of reporting information on corporate social responsibility in the annual reports of Czech and Slovak companies. The analysis is based on selected aspects of corporate social responsibility as defined by GRI standards and evaluates their presentation in the annual reports of 25 Czech and 25 Slovak companies in 2015 and 2020. A two-sample t-test was used to evaluate the significance of the change in the reported information. The most frequently reported aspects include information related to risks and opportunities impacting the company's revenues and expenses. Conversely, among the least frequently reported information...

The impact of covid-19 on the implementation of the Czech and Slovak state budgets

Zuzana Gdovcová, Alena Maaytová

Český finanční a účetní časopis 2024(2):23-42 | DOI: 10.18267/j.cfuc.591  

The paper deals with Czech and Slovak budget policy during the covid-19 pandemic. Due to extensive expansionary measures implemented as part of the budget policy, the Czech and Slovak public finances were disrupted. Deviations in the implementation of the Czech and Slovak state budgets are assessed using a combination of actual values and own forecasts based on SARIMA-based econometric models applied to the 2010–2020 time series. The main goal of the text is to determine the overall impact of the covid-19 pandemic on the management of the Czech and Slovak state budgets caused by increasing public expenditures and a decrease in public revenues....

The Macaulay duration of a perpetuity bond in the period between coupon payments

Bohumil Stádník

Český finanční a účetní časopis 2024(2):43-50 | DOI: 10.18267/j.cfuc.594  

In this paper, we deal with the derivation of the mathematical equation for the Macaulay duration of a perpetuity (hereinafter referred to as "Mac. duration") bond in the period between coupon payments. According to our findings, this equation is not included in the commonly available literature and is limited only to the equation for calculating Mac. duration at the moment when exactly one full coupon period remains before the payment of the nearest coupon. In a mathematical derivation, we come to a conclusion, which is consistent with financial intuition, that the Mac. duration of the perpetuity does not depend on the size of the coupon, but is dependent...

Accounting and taxation of mergers in Slovakia

Gabriela Horáková

Český finanční a účetní časopis 2024(2):51-69 | DOI: 10.18267/j.cfuc.592  

This article with a topic “Accounting and taxation of mergers in Slovakia” is devoted to the topics that focus on mergers realised in Slovakia, but also on cross border mergers where at least one Slovakian company participates in. The article is focused mainly on tax and accounting aspects with emphasis on legislative changes connected to mergers, mainly in case of amendments of tax law and the Commercial code of Slovak Republic. Part of the article is an analysis of domestic and cross border mergers in Slovakia in period of ten years, since 2012 to 2022.

Discussion

Discussion on updating the methodological content of the concepts of insurance and the insurance industry

Jaroslav Daňhel, Eva Ducháčková, Jarmila Radová, Petra Tisová

Český finanční a účetní časopis 2024(2):70-75 | DOI: 10.18267/j.cfuc.593  

The article discusses the redefinition of the insurance category from the point of view of the contribution of behavioralists, empirical economist and cognitive psychologist N.N. Taleb and D. Kahneman, motives for insurance, influence on the economy of the insurance industry.