Skip to Content

Loading page ...

Bratislava University of Economics and Business
  • RSS
  • Facebook
  • Slovak Economic Library
  • School Meals
  • Accommodation
  • Academic Information System AIS2
  • Phone List
  • Gallery
  • E-books
  • Helpdesk
  • Slovensky sk
  • English en
  • News
  • University
    • History
      • Rectors of the EUBA
      • Historical Milestones
      • Significant Graduates
    • Mission, Vision, Strategic Objectives
    • Long-term Plan of Development
    • Membership in International Institutions
    • University Management
      • Rector of the University
      • University Board
      • Academic Senate
      • Rector’s Advisory Board
      • Scientific Council
      • Board of Governors
      • Ethics Committee
      • Disciplinary Committee
    • Centre of Quality Assurance and Support
    • Departments of EUBA
    • Organizational Structure and Department
      • Organizational Structure of the University
      • Units directly governed by the Rector
      • Units directly governed by the Bursar
      • Units governed by the Vice-Rector for Education
      • Units governed by the Vice-Rector for Development
      • Units governed by the Vice-Rector for Research and Doctoral Studies
      • Units governed by the Vice-Rector for International Relations
      • Units governed by the Vice-Rector for Management of Academic Projects
    • Documents
  • Faculties
    • Faculty of Economics and FinanceFaculty of Economics and Finance
    • Faculty of CommerceFaculty of Commerce
    • Faculty of Economic InformaticsFaculty of Economic Informatics
    • Faculty of Business ManagementFaculty of Business Management
    • Faculty of International RelationsFaculty of International Relations
    • Faculty of Applied LanguagesFaculty of Applied Languages
    • Faculty of Business Economics with seat in KošiceFaculty of Business Economics with seat in Košice
  • Applicant
    • Admission procedure 2026/2027
      • General information
      • Sample test - General study assumptions
      • Sample test - English language
    • Fees related to the study
    • Application
      • Application form
      • Instructions for completing the e-application form, Bachelor degree
    • Why study at EUBA
      • Reasons to study at the UE in Bratislava
      • Profiles of Graduates
    • Contacts - Study Departments
    • Study Programs
    • Degree Programmes Taught in Foreign Languages
    • Language and Academic Preparation for Foreigners in Slovak Language
  • Student
    • Student News
    • Academic Calendar
    • Timetables
    • Academic Information System AiS2
    • FAQ
    • Study departments
    • E-learning
    • Legislation and regulations in the UE in Bratislava
      • Rules
      • Fees related to the study
    • Degree Programmes Taught in Foreign Languages
    • Courses in Foreign Languages
    • International double and joint diplomas
    • ISIC student card
    • Information for students
      • Career Center
      • Slovak Economic Library
      • School Meals
      • Dormitories
      • Sport
    • Student organizations
      • Student parliament UE in Bratislava
      • AIESEC
      • Erasmus Student Network
      • oikos Bratislava
    • EURAXESS Welcome Centre
  • Science and Research
    • News
      • PhD. Orientation Days
      • EDAMBA
    • Projects
      • International Projects
      • EUBA Project Centre
      • EUBA Project Database
      • EUBA Start-up grants for PhD students and Young Scholars
    • Doctoral studies
      • Accredited Study Programs
      • Contacts
      • FZMD / EUBA Fund for PhD mobilities – OPEN CALL!
    • Faculty Assessment and Promotion
      • Legislation
      • Habilitačné práce
      • The field of habilitation and inauguration proceedings
      • Recently promoted
    • Honorary titles
      • Doctor honoris causa
      • Professor emeritus
    • Access to databases
      • EUROSTAT microdata
    • Human Resources Strategy for Researchers (HRS4R)
      • Gender Equality Plan
    • Ekonomické rozhľady/Economic Review
      • Content
      • Archive of contents and fulltexts
    • Scientific journals
    • Annual Reports on Science and Research
    • Department for Research and Doctoral Studies
  • International Relations
    • News
    • Incoming Students - IMPORTANT INFO
    • Exchange Students with specific needs
    • Bratislava Summer School
    • Testimonials
    • Incoming students
      • Deadlines
      • Documents
      • List of Courses
      • Grading system
      • Accommodation
      • Health Insurance & Medical Care
      • Student cards
      • ESN/Buddy System
      • Summer and Winter Universities organized by UEBA
      • Important events
      • FAQ
      • Other mobility programs
    • Incoming Employees
      • Erasmus+ in EU
    • Erasmus+ Internship/Traineeship Offer
      • All the important information
      • Other mobility programs
    • Partner institutions and international organizations
      • Erasmus+
      • Framework Agreements
    • Current Offers
      • Central Europe Connect
      • Diplomacy in Practice
      • Offers - International Weeks
    • International Week
    • Center for International Relations
    • National Scholarship Programme
  • Public
    • Privacy
    • Recognition of diplomas
    • Habilitation and inaugural lectures
    • Selection procedure
    • Projects funded by the EU Structural Funds
    • Projects at the EUBA
    • Courses for the Public
      • The Expert Institute
    • Phone Book
  • Activities
    • News
    • Gallery
    • Career Center
    • The Children´s University of Economics
    • Folklore Ensemble EKONÓM
    • Slávia EU Bratislava
    • Promo materials
      • Logotypes
      • Videopresentation
    • EUBA Fan Shop
    • Centre of Communication and Public Relations
  • Services
    • Assembly Hall EUBA
    • University Business Activity and Service Centre
    • School Meals
    • Accommodation offer - Summer
    • The Expert Institute
    • Lifelong Learning Center
    • Translation Center
    • Slovak Economic Library
  • Contact
  • Study programmesInternational Programmes
  • News
  • University
    • History
      • Rectors of the EUBA
      • Historical Milestones
      • Significant Graduates
    • Mission, Vision, Strategic Objectives
    • Long-term Plan of Development
    • Membership in International Institutions
    • University Management
      • Rector of the University
      • University Board
      • Academic Senate
      • Rector’s Advisory Board
      • Scientific Council
      • Board of Governors
      • Ethics Committee
      • Disciplinary Committee
    • Centre of Quality Assurance and Support
    • Departments of EUBA
    • Organizational Structure and Department
      • Organizational Structure of the University
      • Units directly governed by the Rector
      • Units directly governed by the Bursar
      • Units governed by the Vice-Rector for Education
      • Units governed by the Vice-Rector for Development
      • Units governed by the Vice-Rector for Research and Doctoral Studies
      • Units governed by the Vice-Rector for International Relations
      • Units governed by the Vice-Rector for Management of Academic Projects
    • Documents
  • Faculties
    • Faculty of Economics and FinanceFaculty of Economics and Finance
    • Faculty of CommerceFaculty of Commerce
    • Faculty of Economic InformaticsFaculty of Economic Informatics
    • Faculty of Business ManagementFaculty of Business Management
    • Faculty of International RelationsFaculty of International Relations
    • Faculty of Applied LanguagesFaculty of Applied Languages
    • Faculty of Business Economics with seat in KošiceFaculty of Business Economics with seat in Košice
  • Applicant
    • Admission procedure 2026/2027
      • General information
      • Sample test - General study assumptions
      • Sample test - English language
    • Fees related to the study
    • Application
      • Application form
      • Instructions for completing the e-application form, Bachelor degree
    • Why study at EUBA
      • Reasons to study at the UE in Bratislava
      • Profiles of Graduates
    • Contacts - Study Departments
    • Study Programs
    • Degree Programmes Taught in Foreign Languages
    • Language and Academic Preparation for Foreigners in Slovak Language
  • Student
    • Student News
    • Academic Calendar
    • Timetables
    • Academic Information System AiS2
    • FAQ
    • Study departments
    • E-learning
    • Legislation and regulations in the UE in Bratislava
      • Rules
      • Fees related to the study
    • Degree Programmes Taught in Foreign Languages
    • Courses in Foreign Languages
    • International double and joint diplomas
    • ISIC student card
    • Information for students
      • Career Center
      • Slovak Economic Library
      • School Meals
      • Dormitories
      • Sport
    • Student organizations
      • Student parliament UE in Bratislava
      • AIESEC
      • Erasmus Student Network
      • oikos Bratislava
    • EURAXESS Welcome Centre
  • Science and Research
    • News
      • PhD. Orientation Days
      • EDAMBA
    • Projects
      • International Projects
      • EUBA Project Centre
      • EUBA Project Database
      • EUBA Start-up grants for PhD students and Young Scholars
    • Doctoral studies
      • Accredited Study Programs
      • Contacts
      • FZMD / EUBA Fund for PhD mobilities – OPEN CALL!
    • Faculty Assessment and Promotion
      • Legislation
      • Habilitačné práce
      • The field of habilitation and inauguration proceedings
      • Recently promoted
    • Honorary titles
      • Doctor honoris causa
      • Professor emeritus
    • Access to databases
      • EUROSTAT microdata
    • Human Resources Strategy for Researchers (HRS4R)
      • Gender Equality Plan
    • Ekonomické rozhľady/Economic Review
      • Content
      • Archive of contents and fulltexts
    • Scientific journals
    • Annual Reports on Science and Research
    • Department for Research and Doctoral Studies
  • International Relations
    • News
    • Incoming Students - IMPORTANT INFO
    • Exchange Students with specific needs
    • Bratislava Summer School
    • Testimonials
    • Incoming students
      • Deadlines
      • Documents
      • List of Courses
      • Grading system
      • Accommodation
      • Health Insurance & Medical Care
      • Student cards
      • ESN/Buddy System
      • Summer and Winter Universities organized by UEBA
      • Important events
      • FAQ
      • Other mobility programs
    • Incoming Employees
      • Erasmus+ in EU
    • Erasmus+ Internship/Traineeship Offer
      • All the important information
      • Other mobility programs
    • Partner institutions and international organizations
      • Erasmus+
      • Framework Agreements
    • Current Offers
      • Central Europe Connect
      • Diplomacy in Practice
      • Offers - International Weeks
    • International Week
    • Center for International Relations
    • National Scholarship Programme
  • Public
    • Privacy
    • Recognition of diplomas
    • Habilitation and inaugural lectures
    • Selection procedure
    • Projects funded by the EU Structural Funds
    • Projects at the EUBA
    • Courses for the Public
      • The Expert Institute
    • Phone Book
  • Activities
    • News
    • Gallery
    • Career Center
    • The Children´s University of Economics
    • Folklore Ensemble EKONÓM
    • Slávia EU Bratislava
    • Promo materials
      • Logotypes
      • Videopresentation
    • EUBA Fan Shop
    • Centre of Communication and Public Relations
  • Services
    • Assembly Hall EUBA
    • University Business Activity and Service Centre
    • School Meals
    • Accommodation offer - Summer
    • The Expert Institute
    • Lifelong Learning Center
    • Translation Center
    • Slovak Economic Library
  • Contact
  • Study programmes
    International Programmes

Economic Review, Ekonomické rozhľady, abstracts/abstrakty, volume/ročník 44, 4/2015, ISSN 0323-262X EV 4393/11

Helena Liebelt – Štefan Slávik - STRATEGIC CHANGE MANAGEMENT IN POST-CRISIS ENVIRONMENT (Strategický manažment zmeny v pokrízovom prostredí)

Helena Liebelt – Štefan Slávik - STRATEGIC CHANGE MANAGEMENT IN POST-CRISIS ENVIRONMENT (Strategický manažment zmeny v pokrízovom prostredí)

Abstract: The research deals with the behaviour of a company in post-crisis environment. It is supposed that an action of a company in this stage of its existence is influenced by the nature of change that the company is going through, by its business strategy, competence to integrate management of change into the post-crisis strategy, as well as by leadership and communication. Based on research results four concepts of company management in post-crisis conditions are recommended. They include: proactive approach and constant transformation, strategic flexibility, strong leadership, and constant communication. The choice of a suitable concept is offered by the anticipative post-crisis change management model in post-crisis conditions.

Keywords: management of change, strategic management, organization planning, crisis management, post-crisis stage

JEL: M 10, M 21

str./pp. 419-438

Fulltext

Andrzej Zygula - DIVIDEND PAYOUT MODELS IN COMPANIES WITH MAJORITY OF FOREIGN CAPITAL: ON THE EXAMPLE OF THE WARSAW STOCK EXCHANGE (Model výplaty dividend v spoločnostiach s majoritným podielom zahraničného kapitálu – na príklade Varšavskej burzy cenných papierov)

Andrzej Zygula - DIVIDEND PAYOUT MODELS IN COMPANIES WITH MAJORITY OF FOREIGN CAPITAL: ON THE EXAMPLE OF THE WARSAW STOCK EXCHANGE (Model výplaty dividend v spoločnostiach s majoritným podielom zahraničného kapitálu – na príklade Varšavskej burzy cenných papierov)

Abstract: Companies that systematically share generated profits with shareholders perform a dividend payment according to a specific payout model. In general, there are three payout models mentioned in the subject literature, i.e. the policy of fixed rate of dividend payment, policy of fixed amount of dividend per share and the policy of fixed dividend with “extra dividend”. In addition, the policy of residual dividend is often included into these models. The aim of this article is to present possible model policies of dividend payments. Moreover, bearing in mind that each year Polish listed companies increasingly attract foreign investors, especially strategic investors, a second detailed objective was set. This objective is an attempt to evaluate dividend payout models applied in companies with majority of foreign capital listed on the Warsaw Stock Exchange.

Keywords: ownership structure, payout policy, dividend payout models, stable dividend policy, residual dividend policy

JEL: G 35, G 32

str./pp. 439-451

Fulltext

Mansour Zarra-Nezhad – Majid Sheikh Ansari – Mahvash Moradi - MONEY DEMAND AND INFLATION: A LINEAR OR THRESHOLD RELATION? (Dopyt po peniazoch a inflácia: lineárny alebo hraničný vzťah?)

Mansour Zarra-Nezhad – Majid Sheikh Ansari – Mahvash Moradi - MONEY DEMAND AND INFLATION: A LINEAR OR THRESHOLD RELATION? (Dopyt po peniazoch a inflácia: lineárny alebo hraničný vzťah?)

Abstract: This study is an attempt to empirically investigate the role of inflation on the money demand function in Iran. The main purpose of this study is to focus specifically on the relationship between inflation and money demand, that is whether the relationship is non-linear and as well as to estimate the threshold level; at which the sign of the relationship between two variables would switch. In order to achieve the objective, there were used time-series data over the period 1980 through 2013 in this study. Empirical results provide the evidence that the nonlinear model presents better fit than the linear model for Iran’s money demand. This non-linearity is explicitly modelled using threshold regression procedure. Also, exchange rate and real income explain some variations of money demand. The results obtained in this study suggest that the Central Bank should carefully monitor the exchange rate and inflation as two most important indicators of monetary policy, because these two determinants are the main drivers of demand for money in Iran.

Keywords: money demand function, infl ation, threshold regression, optimum threshold level, Iran

JEL: C 32, E 31, E 41

str./pp. 452-475

Fulltext

Zlatica Ivaničová – Lukáš Kalužák - DYNAMIKA VÝVOJA KRAJÍN EUROZÓNY NA ZÁKLADE VYBRANÝCH UKAZOVATEĽOV (Dynamics of Eurozone Countries´ Development Based on Selected Indicators)

Zlatica Ivaničová – Lukáš Kalužák - DYNAMIKA VÝVOJA KRAJÍN EUROZÓNY NA ZÁKLADE VYBRANÝCH UKAZOVATEĽOV (Dynamics of Eurozone Countries´ Development Based on Selected Indicators)

Abstract: The aim of the article is to point out the development of Euro zone countries and expressly state whether there is convergence or divergence of individual economies. Cluster analysis comparison of development stability in the years 2005, 2009 and 2013 highlights certain turbulences in the development of selected economic indicators within the 19 Eurozone countries. What is interesting is the clustering of newly acceding countries within the Euro zone. During the years analysed, there has been a change in the structure of clusters; however, the distance the collective clusters from the centroids in analysed years does not fulfil expectations of the newly acceding countries, that they will quickly achieve the economy level of the Eurozone founding states.

Keywords: Euro zone, cluster analysis, hierarchical methods, Ward’s method

JEL: C 44, E 23, E 24

str./pp. 476-492

Fulltext

Lea Škrovánková – František Slaninka - VYUŽITIE AKTUÁRSKEJ MATEMATIKY V NEMOCENSKOM POISTENÍ (The Application of Actuarial Mathematics in Sickness Insurance)

Lea Škrovánková – František Slaninka - VYUŽITIE AKTUÁRSKEJ MATEMATIKY V NEMOCENSKOM POISTENÍ (The Application of Actuarial Mathematics in Sickness Insurance)

Abstract: The aim of the paper is to theoretically describe the system of health and sickness insurance in Slovakia and focus on the possibility of applying actuarial calculations in sickness insurance. The paper analyses the functioning of our health service; based on the legislation in force there are defined basic concepts of sickness insurance. The paper focuses on the application of discrete deterministic models, which have already been applied in the European Union and in the United States. Ideas in the paper´s theoretical and practical parts could be applied also under our conditions. The models described in general enable to generalise a wide range of various conditions in the creation of the offer of sickness insurance products and set the amount of the premium.

Keywords: sickness insurance, health insurance, insured event, premium, actuarial formulas

JEL: C 4, I 1, K 3

str./pp. 493-506

Fulltext

Ľudovít Korček - SCHUMPETEROV TEORETICKÝ SYSTEM (Schumpeter´s Theoretical System)

Ľudovít Korček - SCHUMPETEROV TEORETICKÝ SYSTEM (Schumpeter´s Theoretical System)

Abstract: The Schumpeterian system is an important model in the history of economic science, stressing innovation as the basic factor in the capitalist economic system. This dynamic approach is still inspiring economists in describing the ‟wavelike” movement of its ‟circular flow”. In this connection, it is necessary to introduce Schumpeter’s first work ‟Theory of Economic Development” published in 1912 in the German language; its English translation by Harvard University Press (1939) found a vivid echo even in the USA. In connection with the cyclical development of capitalism in the thirties of the twentieth century, there was published his famous work ‟Business Cycles” – the theoretical, historical and statistical analysis of capitalist process (1938). The last Schumpeter’s work “Capitalism, Socialism and Democracy” (1942) presents his vision of the future of capitalism.

Keywords: innovation, business cycles, the vision of self-destruction of capitalism

JEL: B 2

str./pp. 507-515

Fulltext

Ivan Figura - HOSPODÁRSKE ROZHĽADY A IMRICH KARVAŠ (The Economic Review and Imrich Karvaš)

Ivan Figura - HOSPODÁRSKE ROZHĽADY A IMRICH KARVAŠ (The Economic Review and Imrich Karvaš)

Abstract: The paper deals with the history and the importance of the journal ‟Hospodárske rozhľady” (The Economic Review), the first Slovak economic professional and scientific periodical edited in the years 1926 – 1947. It evaluates the fulfilment of the publisher’s aim to provide a significant monthly, periodical independent of political parties. The journal published original economic articles dealing with the Slovak economy, with its sectors and with its position in the economy of Czechoslovakia. The authors were or became the important persons in the history of the Slovak economy and in Slovak economic thought. The role of the Slovak economist Imrich Karvaš in the mission of the journal is evaluated in the paper. Karvaš published numerous articles in ‟Hospodárske rozhľady” and acted as an editor of the periodical in the years 1930 – 1938. At that time, the journal effectively stimulated a progress of the Slovak economic science.

Keywords: Slovak economic history, economic science in Slovakia

JEL: A 11, N 01

str./pp. 516-521

Fulltext

Alena Bašová - PLYNÁRENSKÉ HUBY ‒ VÝZNAMNÝ NÁSTROJ OBCHODOVANIA SO ZEMNÝM PLYNOM (Natural Gas Hubs – a Significant Instrument of Trade in Natural Gas)

Alena Bašová - PLYNÁRENSKÉ HUBY ‒ VÝZNAMNÝ NÁSTROJ OBCHODOVANIA SO ZEMNÝM PLYNOM (Natural Gas Hubs – a Significant Instrument of Trade in Natural Gas)

Abstract: The beginning of the last century the trade in natural gas recorded considerable development, based mostly on long-term contracts between the gas exporting countries and the importers. The marketable price of natural gas was formed based on the comparison with global oil prices and the rate of dollar. With the liberalisation of the European energy market, the gas business has started to take over some of the elements that existed in the US market. The first European country where gas trade through hubs started to develop was Great Britain. At present, a significant transit hub of natural gas is Baumgarten in Europe.

Keywords: natural gas, natural gas hubs, virtual hubs, underground storages

JEL: Q 430, Q 480, D 04, D 42

str./pp. 522-532

Fulltext

RECENZIE/REVIEWS

RECENZIE/REVIEWS

Michaela Tomčiková

BELÍČKOVÁ, K. a kol: Verejné rozpočty.(Public Budgets) Bratislava: Vydavateľstvo Ekonóm, 2015, 262 s., ISBN 978-80-225-4142-8.

JEL: Y30

str./pp. 533

Fulltext

 

Denisa Čiderová

GHORRA-GOBIN, C. (ed.). (2012). Dictionnaire critique de la mondialisation (Kritický slovník globalizácie). 2e éd. Paris: Armand Colin, 2012, 645 s., ISBN 978-2-200-27009-4.

JEL: Y30

str./pp. 534 - 535

Fulltext

INFORMÁCIE/INFORMATION

INFORMÁCIE/INFORMATION

Vladimír Bačišin

Nobelova cena za ekonómiu za rok 2015 (Nobel Prize for Economics for the year 2015)

str./pp. 536-537

Fulltext

Science and Research

  • News
    • PhD. Orientation Days
    • EDAMBA
  • Projects
    • International Projects
    • EUBA Project Centre
    • EUBA Project Database
    • EUBA Start-up grants for PhD students and Young Scholars
  • Doctoral studies
    • Accredited Study Programs
    • Contacts
    • FZMD / EUBA Fund for PhD mobilities – OPEN CALL!
  • Faculty Assessment and Promotion
    • Legislation
    • Habilitačné práce
    • The field of habilitation and inauguration proceedings
    • Recently promoted
  • Honorary titles
    • Doctor honoris causa
    • Professor emeritus
  • Access to databases
    • EUROSTAT microdata
  • Human Resources Strategy for Researchers (HRS4R)
    • Gender Equality Plan
  • Ekonomické rozhľady/Economic Review
    • Content
    • Archive of contents and fulltexts
  • Scientific journals
  • Annual Reports on Science and Research
  • Department for Research and Doctoral Studies

Bratislava University of Economics and Business is a member of various International Institutions

  • AACSB
  • EUA
  • EFMD
  • Magna Charta
  • Hermes
  • CIDD
  • ACCA
  • ERSA
  • PRME
  • EDAMBA
  • Study in Slovakia Good Idea

 

Recovery and Resilience Plan

Students
  • AiS2
  • Timetables
  • Academic Calendar
  • Theses
  • Manuals
  • Study Departments
Science and Research
  • Scientific Journals
  • Scientific Conferences
  • Department for Research and Doctoral Studies
International Relations
  • Diplomacy in Practice
  • CNAS
  • Summer and Winter Schools
  • Center for International Relations
Employees
  • Helpdesk CIT
  • School Meal
  • Phone List
  • Department for Personnel and Social Questions
University Activities
  • News
  • Gallery
  • Centre of Communication and Public Relations
Information
  • Contacts
  • Cookie settings

Bratislava University of Economics and Business is accredited

AACSB

  • RSS
  • Facebook
  • Youtube
  • Twitter
  • LinkedIn
  • Instagram

Downloading of texts, photos and other materials is only allowed with the permission of the University of Economics in Bratislava and the writing of a resource.

© 1940 - 2025 Bratislava University of Economics and Business