scholarly journals Impacts of New EU and Czech Environmental Legislation on Heat and Electricity Prices of Combined Heat and Power Sources in the Czech Republic

10.14311/1460 ◽  
2011 ◽  
Vol 51 (5) ◽  
Author(s):  
J. Vecka
Keyword(s):  
Combined Heat And Power ◽  
Environmental Legislation ◽  
Industrial Emissions ◽  
Electricity Prices ◽  
Power Sources ◽  
The Czech Republic ◽  
The Future ◽  
Large Heat ◽  
Industrial Emissions Directive ◽  
The Impact

In my economic model I calculate the impact of the new EU ETS Directive, the Industrial Emissions Directive and the new air protection law on future heat and electricity prices for combined heat and power sources. I discover that there will be a significant increase in heat and electricity prices, especially because of the implementation of new so-called benchmark tools for allocating allowances. The main problem of large heat producers in this respect is loss of competitiveness on the heat market due to emerging stricter environmental legislation, which is not applied to competitors on the heat market (smaller heat sources). There is also lack of clarity about the modalities for allocating free allowances, and about the future development of the whole carbon market (the future European allowance price).

scholarly journals The Impact of COVID-19 on Electricity Prices in Italy, the Czech Republic, and China

2021 ◽  
Vol 11 (19) ◽  
pp. 8793
Author(s):  
Safwan Ghanem ◽  
Ghaeth Fandi ◽  
Vladimír Krepl ◽  
Tarek Husein ◽  
Osama Rzek ◽  
...  
Keyword(s):  
Czech Republic ◽  
Electricity Markets ◽  
Decision Makers ◽  
World Health ◽  
Electricity Prices ◽  
Functional Link ◽  
The Czech Republic ◽  
Power Resources ◽  
Health Organization ◽  
The Impact

COVID-19 is likely to be the 2020s’ deadliest pandemic according to the World Health Organization (WHO). There have been more than 3.7 million confirmed deaths after 15 months spread. Besides the loss of human lives, COVID-19 has other unfavorable impacts on society, education, and the economy. Due to successive lockdowns and the continuous quarantines, the demands on power resources have reduced. Therefore, there is a need to investigate the impacts of the COVID-19 pandemic on electricity prices (EP). In this paper, a set of six economic factors that are affected by COVID-19 and affect EP are considered. These factors were fed into a functional link artificial neural network (FLANN) to model the relationships between them and the EP. An empirical equation was formulated to help decision makers and strategic developers in the electricity markets come up with more appropriate plans. Italy, the Czech Republic, and China were used as case studies in this research.

scholarly journals Business risks and their impact on business future concerning the entrepreneur’s experience with business bankruptcy: case of Czech Republic

2020 ◽  
Vol 18 (2) ◽  
pp. 418-430
Author(s):  
Ján Dvorský ◽  
Aleksandr Ključnikov ◽  
Jiří Polách
Keyword(s):  
Czech Republic ◽  
Financial Risk ◽  
Business Failure ◽  
Direct Impact ◽  
Linear Regression Models ◽  
The Czech Republic ◽  
The Future ◽  
The Difference ◽  
The Impact

The article aims to determine the difference in the perception of selected business risks and their impact on the future of business concerning the entrepreneur’s experience with business bankruptcy. The case study involved 73 small and medium-sized enterprises (SMEs) with experience of business bankruptcy and 381 SMEs without the experience of business bankruptcy from the Czech Republic (CR). Linear regression models were used to verify statistically significant causal relationships between selected indicators of the most significant business risks and respondents’ perceptions of the future of business. The results brought interesting findings. The attitudes of entrepreneurs show that personnel, market, and financial risk are among the three most significant business risks. Experience with business failure is not a significant factor in determining the impact of market indicators on the business’s perceived future. The adequacy of sales of services and products has the greatest impact. The experience of the bankruptcy of SMEs is important in financial risk attitudes. According to entrepreneurs who have no experience with bankruptcy, the perception of financial performance has the greatest direct impact on the future of business. Conversely, for entrepreneurs who have experienced bankruptcy, the ability to properly manage financial risk on the company’s future has the greatest direct impact.

scholarly journals Coal Demand and Environmental Regulations: A Case Study of the Polish Power Sector

Energies ◽  
2020 ◽  
Vol 13 (6) ◽  
pp. 1521 ◽  
Author(s):  
Przemysław Kaszyński ◽  
Jacek Kamiński
Keyword(s):  
Power Generation ◽  
Brown Coal ◽  
Environmental Regulations ◽  
Programming Approach ◽  
Hard Coal ◽  
Industrial Emissions ◽  
Power Sector ◽  
The Future ◽  
The Impact ◽  
Future Demand

The impact of environmental regulations implemented in the power industry that affect the consumption of solid fuels is of key importance to coal-based power generation systems, such as that in Poland. In this context, the main purpose of the paper was to determine the future demand for hard coal and brown coal in the Polish power sector by 2050 with reference to the environmental regulations implemented in the power sector. To achieve these goals, a mathematical model was developed using the linear programming approach, which reflected the key relationships between the hard and brown coal mining sector and the power sector in the context of the environmental regulations discussed. The environmental regulations selected had a great influence on the future demand for hard and brown coal in the power generation sector. The scope of this influence depended on particular regulations. The prices of CO2 emission allowances and stricter emissions standards stemming from the Industrial Emissions Directive and the BAT (Best Available Techniques) conclusions had the largest influence on the reduction of hard coal demand. In the case of brown coal, no new power generating units would be deployed; hence, brown coal consumption would drop practically to zero in 2050 under all the scenarios considered.

scholarly journals DIFFERENCES IN BUSINESS RISK EFFECTS ON THE FUTURE OF SMEs DUE TO THE COVID-19 PANDEMIC

2021 ◽  
Vol 9 (2) ◽  
pp. 14-31
Author(s):  
Ján Dvorský ◽  
Martin Čepel ◽  
Anna Kotásková ◽  
Katarína Bugánová
Keyword(s):  
Czech Republic ◽  
Financial Performance ◽  
Financial Risk ◽  
Business Environment ◽  
The Czech Republic ◽  
Non Profit ◽  
Top Managers ◽  
The Future ◽  
Linear Regression Modeling ◽  
The Impact

The article aims to identify, analyze, and quantify disparities in the impact of entrepreneurial risks on the future of small and medium-sized enterprises in the business environment of the Czech Republic in light of the COVID-19 pandemic. The research was carried out on 814 SMEs in two phases. 454 SMEs participated in the first phase of the research, which took part before the COVID-19 pandemic. 360 SMEs took part in the second research phase during the pandemic. Statistical methods such as correlation analysis and linear regression modeling were applied to evaluate statistical hypotheses. The results yielded interesting findings. According to respondents, the three most significant business risks in the SME segment include market, financial, and personnel risk in the period before the COVID-19 pandemic and during the COVID-19 pandemic. Prior to the COVID-19 pandemic, entrepreneurs saw the adequacy of sales and financial performance of the business as key determinants that impact the future of SMEs over a 5-year horizon. Conversely, during the COVID-19 pandemic, entrepreneurs perceived the management of the company's personnel performance, financial performance, and ability to manage financial risk as determinants that affect the future of SMEs over five years. According to owners and top managers during the COVID-19 pandemic, the most significant factor is the adequacy of personnel risk in SMEs.On the one hand, the findings benefit the owners themselves and the top managers of SMEs. On the other hand, government institutions and organizations that decide on government measures promote a penetrating environment. Also, the non-profit sector (e.g. Association of Small and Medium-Sized Enterprises and Crafts of the Czech Republic) assists SMEs in their edible activities and activities. 

Pengaruh Budaya Terhadap Akuntansi, Auditing Dan Praktik Akuntansi Internasional

2016 ◽  
Vol 3 (1) ◽  
pp. 78-95
Author(s):  
Priyastiwi Priyastiwi
Keyword(s):  
Cultural Values ◽  
Leadership Style ◽  
Financial Reporting ◽  
National Level ◽  
Deep Understanding ◽  
Cultural Dimensions ◽  
Financial Disclosure ◽  
Cross Cultural Differences ◽  
The Future ◽  
The Impact

The purpose of this article is to provide the basic model of Hofstede and Grays’ cultural values that relates the Hofstede’s cultural dimensions and Gray‘s accounting value. This article reviews some studies that prove the model and develop the research in the future. There are some evidences that link the Hofstede’s cultural values studies with the auditor’s judgment and decisions by developing a framework that categorizes the auditor’s judgments and decisions are most likely influenced by cross-cultural differences. The categories include risk assessment, risk decisions and ethical judgments. Understanding the impact of cultural factors on the practice of accounting and financial disclosure is important to achieve the harmonization of international accounting. Deep understanding about how the local values may affect the accounting practices and their impacts on the financial disclosure are important to ensure the international comparability of financial reporting. Gray’s framework (1988) expects how the culture may affect accounting practices at the national level. One area of the future studies will examine the impact of cultural dimensions to the values of accounting, auditing and decision making. Key word : Motivation, leadership style, job satisfaction, performance

A Study on the Impact of Family-friendly Certification on Financial Performance of SMEs: Focusing on the Manufacturing Industry

2019 ◽  
Vol 118 (2) ◽  
pp. 7-12
Author(s):  
Ok-Hee Park ◽  
Kwan-sik Na ◽  
Seok-Kee Lee
Keyword(s):  
Financial Performance ◽  
Family Life ◽  
Manufacturing Industry ◽  
Work And Family ◽  
Family Friendly ◽  
The Future ◽  
The Impact

Background/Objectives: The purpose of the paper is to examine how family-friendly certificates introduced to pursue the compatibility of work and family life affect the financial performance of small and medium-sized manufacturers, and to provide useful information to companies considering the introduction of this system in the future.

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