University of Finance and Administration in Prague

www.vsfs.cz/
Prague, Czech Republic

The University of Finance and Administration is a private business school in the Czech Republic. It was founded by the Bank Academy and Czech Coal Group in 1999 and was one of the first private business schools in country. It has had full university status from the accreditation committee of the Czech government since 2009. Wikipedia.

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Berka P.,University of Economics in Prague | Berka P.,University of Finance and Administration in Prague
IDIMT 2016 - Information Technology, Society and Economy Strategic Cross-Influences - 24th Interdisciplinary Information Management Talks | Year: 2016

Reality mining is defined as "collection and analysis of machine-sensed environmental data pertaining to human social behavior, with the goal of identifying predictable patterns of behavior". As such it can be understood as a particular application area of data mining. Or is there more behind this new notion? And will reality mining become a new subfield of data mining in a same way as text mining or web mining? The paper looks at similarities and differences between reality mining and "classical" data mining and reviews some applications presented by their authors as reality mining.


Zemlicka M.,University of Finance and Administration in Prague | Kral J.,Masaryk University
Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) | Year: 2016

Small-to-medium enterprises (SME) are frequent. It holds for SME software users as well as for SME software developers. Both cannot exclusively use products and philosophies of large software vendors. SME users have not enough resources to apply or implement products and processes of large vendors. The processes can be based on philosophy not applicable in SME. It follows that SME must collaborate with SME software vendors and use their solutions. It can happen that even great users must use solutions of small software vendors solving special needs. We show that these challenges can be solved if we apply a variant of service-oriented architecture using document-oriented communication. The communication is supported by infrastructure services. Our experience shows (see examples) that it can have dramatic effects. © Springer International Publishing Switzerland 2016.


Zemlicka M.,University of Finance and Administration in Prague | Kral J.,Masaryk University
Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) | Year: 2016

Software quality is a crucial but partly subjective concept. Assessment of quality of software systems is typically a two-stage process consisting of the evaluation od related quality aspects and assessment of the quality of the software. If the software architecture discussed in the paper is used, the evaluation of many commonly considered aspects is increased and therefore the assessment of the system quality is enhanced. We show that some known but neglected aspects as well as some new architecture related ones ought to be considered. © Springer International Publishing Switzerland 2016.


Kral J.,Masaryk University | Zemlicka M.,University of Finance and Administration in Prague
Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) | Year: 2015

Modern ICT technologies should and can be more business and businessmen-friendly than they are now. We discuss a variant of service-oriented architecture solving this challenge. The architecture is a network of the analogues of real-life services communicating by exchange of business documents via a network of organizational (architecture) services. The architecture is especially useful in small-to-medium enterprises – generally in the cases when sourcing and dynamic business processes are used. It is also useful for e-government systems. It has many business as well as technical/engineering advantages. The architecture enables a smooth collection of transparent data for management and research. It further enables business document oriented communication of business services and simplifies the collaboration of users with developers. © Springer International Publishing Switzerland 2015.


Szarowska I.,University of Finance and Administration in Prague
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis | Year: 2016

Quality of public fnances belongs to a key policy challenge as its improvement should lead to a longterm economic growth. The aim of the paper is to investigate if the key channels and tools used by the public fnance (structure of revenue system, size of the government and composition of expenditure, level and sustainability of fscal position) affect economic growth in the Czech Republic in the period 1995-2013. The empirical model is based on the methodology of Barro and Sala-i-Martin (2003) and the model of Mankiw et al. (1992) which is adapted to the framework of this study. The results of dynamic regressions suggest that economic growth is affected by public fnance variables only partly and traditional sources of economic growth (human capital or openness) play bigger role. Provided evidence shows that total tax burden as well as the structure of revenue system (especially implicit tax rates on labour and consumption) should be primarily used as tools for maintain macroeconomic objectives. On the contrary, changes in size and composition of expenditure, balance and debt report not statistically signifcant impact.


Roubal O.,University of Finance and Administration in Prague
European Journal of Science and Theology | Year: 2015

Consumer culture is considered a special type of material culture. We need to point out that the key feature of the consumer culture is the progressive transformation of the utility value of consumption objects and their symbolic significance and non-material representation shaping consumers’ identity, which serves as the sources of self-reflection, changes in life styles and social distinction. We will try to depict a few ambivalent situations anchored in the principles of the consumer culture, occurring in consumers’ strategies and practice of their life styles. We focus on the significance of the consumption as the universal value which should be attended by the largest possible consumer circles together with marketing communication, emancipating as part of consumer opportunities of non-personal mass market of unified products. Simultaneously, we will try to stress the rebellious manifestations of individualized consumption refusing to accept the mainstream type of consumerism with the objective to create opposing and rebelling subcultures. We observe as the original alternative icons of anti-consumerism gradually become icons of mass-popular consumption and objects of subsequent consumerism. © 2015, Ecozone, OAIMDD. All rights reserved.


Szarowska I.,University of Finance and Administration in Prague
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis | Year: 2013

This article deals with a tax burden in the European Union in as financial and economic crisis has impacted also on tax systems in the European Union. Governments' tax measure aims to consolidate public finance and promote an economic growth. The article provides empirical evidence on a shi in a tax burden and its structure and analyzes the effects of shi in tax burden on economic growth in the EU. It is used the Eurostat definition to categorize tax burden by economic functions and implicit rates of consumption, labour and capital are investigated. The analysis is based on annual data of the EU member states in a period 1995-2010. On average, labour taxes have decreased by 1.9 p.p., capital taxes have also decreased - by 2.1 p.p., but consumption taxes have mildly increased by 0.4 p.p. in the European Union in a period 1995-2010. Pairwise Granger Causality Test was used for examining relations between economic growth and tax burden by economic functions in short-term. Results confirm that there is two-way causality between change of implicit tax rate of consumption and GDP growth; and also GDP growth Granger-causes change of implicit tax rate of capital and implicit tax rate of labour through one-way causality.


Schlossberger O.,University of Finance and Administration in Prague
Masaryk University Journal of Law and Technology | Year: 2014

Paying for goods or services by credit cards is becoming more extended. This fact can be accepted very positively. According to the European Commission, however, the payment services market remains very fragmented and inconsistent among other things due to the fact that they are used on the card issuers or as well as its processors interchange fees. Therefore, the European Commission carried out to issue a proposal Regulation on the interchange fees, which complements an amendment to the Directive on payment services in the internal EU market. The Commission's proposal is including the introduction of a maximum amount of interchange fees for debit and credit payment card. This paper will deal with the issue whether the proposal of pan-European regulation can be seen as a positive step for the development of the payments made by credit card or not. It will further include assess of the impact of upcoming regulation on the individual market.


Stavarek D.,University of Finance and Administration in Prague
Economic Computation and Economic Cybernetics Studies and Research | Year: 2010

This paper applies the Girton-Roper model of exchange market pressure (EMP) on four Central European economies (Czech Republic, Hungary, Poland, Slovakia) over the period 1995-2008. The results suggest that there is a strong negative relation between domestic credit and EMP in all countries. We also found evidence of positive effect of domestic income on EMP in most of the countries. The paper reveals that EMP in the Czech Republic and Hungary was mostly absorbed by changes of exchange rate while changes in reserves absorbed EMP in Slovakia. The levels of EMP estimated do not pose a significant threat for fulfillment of the exchange rate stability convergence criterion.


Roubal O.,University of Finance and Administration in Prague
European Journal of Science and Theology | Year: 2014

Issues related to the transformation of value orientations and lifestyles of social actors (concerned individuals) are frequently thematized in the social discourse of postmodernity. They point out mainly a transfer from material to postmaterial values, an intensifying individualization process or fading relation to authorities, traditions and religious faith. Many authors also point out, on the theoretical and empirical level, that people tend to increasingly lean towards the values of emotionality and achievement of mental joy in the form of intensive search for new sources of amusement and experiences (adventures). The concepts of the “experience” society or the “adventure” society emerge. The hedonistic lifestyle is knowingly supported via commercial marketing communication as an interventional factor of social environment. Marketing topics shape human thinking and actions to worship the “cult of the moment”, and socialize individuals in favour of behavioural strategies based on “instant gratification”. The prevailing lifestyle is more and more affected by the rhythm of the fast running time. On the one hand, consumers are rewarded with certain pleasure and excitement; however, on the other hand, their obsession with constant change and diversification of experience objects leads to great deal of disappointment and increasing uncertainty on the spiritual level. © 2014, Ecozone, OAIMDD. All Rights reserved.

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