ORIGINAL_ARTICLEA forced transfer of participating securities, squeeze-out, is an animadverted legal method used by shareholders in the EU, which was significantly changed by the recent Czech re-codification. A new duty was imposed upon the majority shareholders for the squeeze-out scenario – to proceed vis-à-vis all minority shareholders in the same manner. They all should get the same compensation, and even the same evening-up. To make this new rule effectively and efficiently applicable, minority shareholders need to be aware of it. The trio of goals of this paper is to describe and explain this duty and to provide a deep, critical and comparative analysis of the awareness of the approaching squeeze-out generating it, while using a set of interrelated hypotheses and relying on primary as well secondary multidisciplinary data in the Czech Republic as well as in the EU. The yield results with comments suggest the insufficient awareness impairing the application of the newly imposed duty in the Czech Republic and the squeeze-outs in general in the EU.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_01.pdf2017-09-3071810.15240/tul/004/2017-2-001Shareholder companiesMinority shareShareholderSqueeze-outEva DanielaCvik1AUTHORPelikánová RadkaMacGregor2AUTHOR

ORIGINAL_ARTICLEhttps://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_02.pdf2017-09-30193510.15240/tul/004/2017-2-002CompetitivenessCzech RepublicDestinationInternational tourismTTCILenkaČervová1AUTHOR

ORIGINAL_ARTICLEPost-modern global society is marked by a highly intense competition in which proper referencing is critical. Indeed, a competitive advantage is useless without a legally protected method of linking the undertaking to its products. This method par excellence takes the form of a trademark, which is both a referencing tool and an extremely valuable intangible asset. Each jurisdiction provides for the registration of trademarks and over time the registries have become densely filled, i.e. it is extremely difficult to find a new, attractive and universal sign able to be registered in several jurisdictions and thus become a global trademark understood and recognized world-wide. To address this issue linked to conventional trademarks, both the EU law and the Czech law newly explicitly allow unconventional trademarks, such as colours. The goal of this paper is very innovative and pioneering, namely to research primary and secondary data about single colour Czech trademark registrations and related trends and to provide indices to confirm or to reject the hypothesis that single colour trademarks are perceived both by the fields of law and economics as more than a viable option for referencing and marketing, as well as being an asset.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_03.pdf2017-09-30364910.15240/tul/004/2017-2-003ColourTrademarksRegistrationDistinctivenessAnastasiiaDmitrieva1AUTHORPelikánová RadkaMacGregor2AUTHOR

ORIGINAL_ARTICLEThe aim of the article is to evaluate performance of small and medium-sized companies in the textile industry located in the Liberec Region. The textile industry was chosen because of its importance in the Liberec Region in the past. The analysis is focused on the current performance of textile and clothing enterprises between the years 2013 and 2015. To do so, two different approaches are used. The first approach is based on the traditional measurement of performance using the accounting profit or loss. The second approach uses modern techniques, namely the Economic Value Added ratio (EVA). In both cases, the development of the values of both indicators is analysed over time. The research confirmed quite a substantial difference when measuring performance using the above mentioned approaches.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_04.pdf2017-09-30506110.15240/tul/004/2017-2-004Accounting profitEconomic profitEVA ratioTextile industryOlgaHasprová1AUTHORZdeněkBrabec2AUTHOR

ORIGINAL_ARTICLEDue to lack of internal and own sources in small and medium-sized enterprises (SMEs), the debt financing is an inevitable part of a total amount of capital used in business. The aim of this paper is to find out what knowledge of debt financing (e.g., in the sense of its costs and risk) the SMEs entrepreneurs have. We also tried to reveal the differences regarding such knowledge in relation to age and education of the entrepreneurs and the length of doing their business. The data was collected through the questionnaire survey undertaken on the sample of 352 SMEs entrepreneurs in the Czech Republic. Our results revealed that 83% of entrepreneurs understand the most important aspects of credit risk and 73% of them think that an entrepreneur needs to use a certain amount of loans. There were found statistically significant differences in this statement between male and female entrepreneurs.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_05.pdf2017-09-30627710.15240/tul/004/2017-2-005Small and medium-sized enterprisesDebtCredit riskAgeEducationLength of doing businessCzech RepublicLudmilaKozubíková1AUTHORRobinKlička2AUTHORDarekMaňák3AUTHOR

ORIGINAL_ARTICLEThe aim of this paper is to bring a new perspective to how Human Resource Management (HRM) in Small and Medium Enterprises (SMEs) is performed and supported. SMEs in Europe are facing several challenges in the field of HRM and the SHARPEN project aims to deliver solutions to these challenges based on specific needs of regional SMEs. The SHARPEN project will develop a university taught learning module focusing on HRM in SMEs and a Handbook of HRM that will provide SMEs with compact HRM knowledge and tools. Both of these outputs will be supported by cross-regional research performed in 5 project regions of the EU. The overall result of the project should be a better state of HRM in SMEs due to new, easily accessible knowledge and tools as well as more attention given to the challenges facing SMEs in the area of HRM.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_06.pdf2017-09-30788710.15240/tul/004/2017-2-006Human Resource ManagementSmall and Medium EnterprisesInnovative approachErasmus+ projectOndřejMoš1AUTHOR

ORIGINAL_ARTICLEThe article presents the results of pilot research related to a wider study of a midterm inter-sectoral mobility phenomena as supported by the European Commission. To understand the concept of inter-sectoral mobility, the paper starts with theoretical background on academia-industry links and their role in the knowledge economy. The second chapter introduces the methodology used. In the third chapter, the results gained from the pilot research are presented. The final section discusses these results in the context of the research questions, summarizes the first view of the possible interpretation of immeasurable criteria into measurable variables and recommends the design of further research on the topic.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_07.pdf2017-09-308810210.15240/tul/004/2017-2-007MobilityHuman resourcesEntrepreneurshipHorizon 2020Knowledge transferRadkaPittnerová1AUTHORPetraRydvalová2AUTHOR

ORIGINAL_ARTICLEThe first part of this article brings a review of the Czech-Brazilian bilateral trade and its changes throughout the years, showing the most common exports and imports. In the second part we expose how to operate inside the largest market in Latin America, Brazilian barriers to trade and bureaucracy are scrutinized, showing examples and drawing comparison with the reality in Czech Republic and Germany. Besides that, some protective measures are analyzed in order to show the country´s idea of protectionism and how this affects foreign goods nowadays. In its third part, the article analyzes the ways a company can properly deal inside the country, showing which businesses from different sectors are already profiting from the operations available by the law.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_08.pdf2017-09-3010311910.15240/tul/004/2017-2-008BrazilCzech RepublicForeign tradeBilateral relationsLawsTaxesRenanStefanutti1AUTHOR

ORIGINAL_ARTICLEAlternative finance industry is considered as an industry with various financial channels that have a position outside of the traditional financial system. Currently, the alternative finance market is emerging the economy. This article presents an analysis of two alternative finance tools, crowdfunding and venture capital. The analysis is a part of a larger research project which is focused on the alternative finance market. As the topic itself is quite new, the paper focuses first on the identification of the theoretical background. A comprehensive theoretical review follows, a study investigating selected aspects and the position of these alternative finance tools on markets is provided. A comparative study was conducted using data mapping several important areas related to venture capital and crowdfunding investment. The results of the analysis provide an answer to the question what the position of the discussed alternative finance instruments within the Czech market is in comparison to selected EU countries and open questions for further research.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_09.pdf2017-09-3012013410.15240/tul/004/2017-2-009Alternative financeCrowdfundingVenture capitalAnalysisProcházková PetraTaušl1AUTHORDavidMusil2AUTHOR

ORIGINAL_ARTICLEThe concern about proper management of spare parts in nowadays corporate environment is a great demand and strategy for many global companies in many types of business, especially because they are expensive, require much storage space in their plants and represent a big portion of their financial results. Some unanswered key questions enhance this discussion: which are the influences and how spread is this concern of spare parts management in companies all over the world today? This paper presents an overview of quantitative and qualitative research regarding the usage of spare parts management methods in Czech Republic companies. Many types of analysis comparing multiple aspects of the companies (size, type of business, used methods, demand patterns) and some statistics are also presented.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_10.pdf2017-09-3013614510.15240/tul/004/2017-2-010Spare partsLogisticsTPMInventory managementTQMMarcioRodrigues1AUTHOREvaŠírová2AUTHOR

ORIGINAL_ARTICLEThe requirements to consider worker utilizations and processing times, which depends on this worker utilization, are examined at the following paper for the Master Production Scheduling. For this reason, it is shown, that there is a gap in research regarding the social dimension in the range of Production Planning and Control. Thus, there are presented an own developed linear optimization model for the Master Production Scheduling with consideration of social criteria and an appropriate case study at this paper. The results demonstrate substantial deviations due to the ignorance from worker utilizations and worker utilization specific processing times. Therefore, the integration of these criteria is to be recommended. But it is also shown, that there is a need for further research activities for the development of specific human fatigue courses, like it also exists for human learning courses.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_11.pdf2017-09-3014615410.15240/tul/004/2017-2-011SustainabilityProduction planning and controlMaster production schedulingLinear optimizationHuman fatigueMarcoTrost1AUTHORThorstenClaus2AUTHORFrankHerrmann3AUTHOR

ORIGINAL_ARTICLEIn this paper, the significance of master production scheduling (MPS) for hierarchical production planning should be brought out. Therefore, several modifications of aggregate production planning (APP) are made and realization of the planning results of APP and MPS are compared. The goal is to improve the realization of APP in such a way that the realization is as good as the realization of MPS. Improvements for individual planning situations could be achieved, but no general solution could be found. Especially the use of a suitable capacity reduction factor (CRF) combined with the consideration of lead time leads to an improvement of the solution. However, finding a suitable CRF for more than one product is difficult. This usually depends on the underlying demand profile and must be re-determined for each constellation.https://acc-ern.tul.cz/archiv/PDF/ACC_2017_2_12.pdf2017-09-3015516210.15240/tul/004/2017-2-012Hierarchical production planningAggregate production planning (APP)Master production scheduling (MPS)Material requirement planningResource profilesThorstenVitzthum1AUTHORThorstenClaus2AUTHORFrankHerrmann3AUTHOR