ORIGINAL_ARTICLEGood Governance is a contemporary trend in public administration worldwide. It emphasizes efficiency, openness and transparency in the management of public affairs. An important factor of Good Governance is the application of ICT in public administration and the expansion of eGovernment, as a progressive element of the modernization of public administration. The presented article is focused on the evaluation of the interdependence between eGovernment and the development of Good Governance in the European Union (EU) countries. The interdependence of variables is examined based on the results of eGovernment evaluation model using multicriterial decision-making (MCDM) methods (TOPSIS method) and the values of WGI index monitored and processed by the World Bank. Based on the use of correlation and regression analysis, the interdependency between eGovernment and Good Governance development in EU member countries was confirmed.https://acc-ern.tul.cz/archiv/PDF/ACC_2019_2_01.pdf2019-09-3072010.15240/tul/004/2019-2-001E-governmentEuropean UnionEvaluationGood governancePublic administrationEvaArdiellieva.ardielli@vsb.cz1VSB – Technical University of Ostrava, Faculty of EconomicsAUTHORRomanVavrekroman.vavrek@unipo.sk2University of Prešov, Faculty of ManagementAUTHORACCENTURE: eGovernment Leadership: Rhetoric vs Reality – Closing the Gap. [online]. 2001. [accessed 2015-07-20]. Available from WWW: http://afyonluoglu.org/PublicWebFiles/eGovBenchmark/ACC/2001-Accenture.pdf1AGERE, S.: Promoting Good Governance: Principles, Practices and Perspectives. Commonwealth Secretariat, London, 2000. ISBN 978-0-85092-629-3.2ALENEZI, H.; TARHINI, A.; SHARMA, S. 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Available from WWW: https://publications.europa.eu/en/publication-detail/-/publication/9b1d1b48-9c1d-453a86a6-9e1caf7b6d98/language-en7CHARRON, N.; DIJKSTRA, L.; LAPUENTE, V.: Mapping the Regional Divide in Europe: A Measure for Assessing Quality of Government in 206 European Regions. Social Indicators Research. 2015. 122(2), 315-346. ISSN 0303-8300. 810.1007/s11205-014-0702-yCLAGUE, Ch. et al.: Contract-Intensive Money: Contract Enforcement, Property Rights, and Economic Performance. Journal of Economic Growth. 1999. 4(2), 185-211. ISSN 1381-4338.910.1023/A:1009854405184COURT, J.; HYDEN, G.: World Governance Survey: a new approach to assessing governance. [online]. 2003. [accessed 2015-02-12]. Available from WWW: https://www.odi.org/sites/odi.org.uk/files/odi-assets/publications-opinion-files/4084.pdf10HAMMERSCHMID, G.: Decentralisation and Accountability as Focus of Public Administration Modernisation: A Comparative European Perspective. In: Hermann Hill (Hrsg.) Modernizing Government in Europe. pp. 255-271. 2006. ISBN print 978-3- 8329-2799-8. ISBN online 978-3-8452-0343-0.1110.5771/9783845203430-255EUROPEAN COMMISSION: EU eGovernment Report 2014 shows that usability of online public services is improving, but not fast. [online]. 2014. [accessed 2016-02-16]. Available from WWW: https://ec.europa.eu/digital-single-market/en/news/euegovernment-report-2014-shows-usability-online-public-services-improving-not-fast12EUROPEAN COMMISSION: The Digital Economy and Society Index (DESI). [online]. 2019. [accessed 2016-09-11]. Available from WWW: https://ec.europa.eu/digitalsingle-market/en/desi13CAPGEMINI: Delivering on the European advantage? - ‘How European governments can and should benefit from innovative public services’, eGovernment benchmark. 2014. ISBN 978-92-79-38052-5. DOI: 10.2759/4919. ISBN 978-92-79-38051-8. 1410.2759/48856EUROSTAT: Statistical database. [online]. 2013. [accessed 2015-02-20]. 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Anthem Press, London, 2015. ISBN 978-0-85728-125-8.20KLENK, T.; NULLMEIER, F.: Public Governance als Reforms Strategie. Edition der Hans-Böckler-Stiftung 97. Düsseldorf, 2004. ISBN 3-935145-72-1.21KRISHNAN, S.; TEO, T.; LIM, J.: Electronic Services of eGovernment in the European Union Countries. Scientific Papers of the University of Pardubice. 2010. 15(17), 138- 150. ISSN 1211-555X.22LNĚNIČKA, M.: E-government Development Index and its Comparison in the EU Member States. Scientific Papers of the University of Pardubice. 2015. 22(34), 75-87. ISSN 1211-555X.23MÁCHOVÁ, R.: An Analytical Hierarchy Process Model for the Evaluation of the Egovernment Development. Scientific Papers of the University of Pardubice. 2015. 22(34), 88-100. ISSN 1211-555X.24MADZOVA, V.; SAJNOSKI, K.; DAVCEV, L.: E-Government as an Efficient Tool towards Good Governance. 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ORIGINAL_ARTICLEThe research database for the present article consists of the OECD countries (except Turkey and Lithuania). The primary objective of the study is to group the countries according to twelve variables – average wage, minimum wage, GDP per capita, rates of unemployment, exchange and inflation rates, income tax, GDP per hour worked, indices of industrial, construction and manufacturing production and retail trade index, determining which of them significantly affect the average wage and defining the type and strength of such a relationship. The average wage, minimum wage and GDP per capita are used after their conversion into purchasing power parity, allowing for the comparison of price levels and PPP in different countries. Another important aim is to develop forecasts of the wage level for OECD countries by 2020. With regard to the countries’ clustering according to the above criteria, Czechia always ranks alongside other post-communist countries (except Slovenia). The only explanatory variables affecting the average wage significantly are GDP per capita, income tax and manufacturing and retail trade indices, GDP exerting a major influence. Simple regression analysis of the dependence between the average wage and GDP per capita indicates that its course is best captured by the concave parabola with the peak at 77,252 PPP USD. The selected second-order polynomial regression explains approx. 89 percent of the variability of the observed values of the average annual wage. Wage growth by 2020 is expected in virtually all the OECD countries.https://acc-ern.tul.cz/archiv/PDF/ACC_2019_2_02.pdf2019-09-30214510.15240/tul/004/2019-2-002Average annual wageGDP per capitaCluster analysisWard methodEuclidean distance metricLinear regression hyperplaneQuadratic regression functionDianaBílkovádiana.bilkova@vse.cz1University of Economics, Prague, Faculty of Informatics and Statistics, Department of Statistics and ProbabilityAUTHORAKKEMIK, K. 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ORIGINAL_ARTICLEThe article is focused on the connection between the willingness to do business and individual capital in the context of the Ústí Region as an example of a disadvantaged region. Social capital is divided into bonding capital, related with family and friendship relations, and mobilizing capital, related to the instrumental solution of situations with the help of social relations. The article has used a secondary analysis of data gained thanks to a questionnaire survey, which was representative of inhabitants of the Ústí Region. The results showed that the willingness to do business was connected with mobilizing social capital, while bonding social capital did not play any role. The analysis, however, also includes other variables as the role of the social capital differs, for instance, regionally: people with a higher education are more willing to do business, and the same also applies to people declaring a willingness to leave the region. The complexity of the variables related to the low level of willingness to do business cannot be reduced to mobilizing social capital. However, it is also necessary to reflect its significant role.https://acc-ern.tul.cz/archiv/PDF/ACC_2019_2_03.pdf2019-09-30465410.15240/tul/004/2019-2-003EntrepreneurshipSelf-employmentMobilizing social capitalBonding social capitalRegional diversificationEvaFuchsováeva.fuchsova@ujep.cz1Jan Evangelista Purkyně University in Ústí nad Labem, The Faculty of Social and Economic Studies, Department of Economics and MaAUTHORJitkaLaštovkovájitka.lastovkova@ujep.cz2Jan Evangelista Purkyně University in Ústí nad Labem, The Faculty of Social and Economic Studies, Department of Social WorkAUTHORMichaelaJánskámichaela.janska@ujep.cz3Jan Evangelista Purkyně University in Ústí nad Labem, The Faculty of Social and Economic Studies, Department of Economics and MaAUTHORAPPARAO, D.; GARNEVSKA, E.; SHADBOLT, N.: Examining commitment, heterogeneity and social capital within the membership base of agricultural cooperatives—A conceptual framework. 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M.: Opportunity versus Necessity Entrepreneurship: Two Components of Business Creation. Stanford Institute for Economic Policy Research Discussion Paper No. 17-014. 2017.1210.2139/ssrn.3010267FOLEY, D.; O’CONNOR, A. J.: Social Capital and the Networking Practices of Indigenous Entrepreneurs. Journal of Small Business Management. 2013, 51(2): 276- 296.1310.1111/jsbm.12017HABERSETZER, A.; GRÈZES-BÜRCHER, S.; BOSCHMA, R.; MAYER, H.: Enterprise-related social capital as a driver of firm growth in the periphery? Journal of Rural Studies. 2019, 65: 143-151. 1410.1016/j.jrurstud.2018.10.009KLYVER, K.; EVALD, M. R.; HINDLE, K.: Social Networks and New Venture Creation: The Dark Side of Networks. In: HINDLE, K. and KLYVER, K. (editors) Handbook of Research on New Venture Creation. Edward Efdar Publishing, Massachusetts, 2011. pp 145-159.1510.4337/9780857933065.00015LIN, N.: Social Capital. Cambridge University Press, Cambridge, 2001. Online ISBN 9780511815447.1610.1017/CBO9780511815447PUTMAN, R. D.: Bowling Alone: The Collapse and Revival of American Community. In: CSCW’00 Proceedings of the 2000 ACM conference on Computer supported cooperative work. ACM, Philadelphia, Pennsylvania, USA, 2000. ISBN 1-58113-222-0. 1710.1145/358916.361990SCHOLMAN, G.; van STEL, A.; THURIK, R.: The relationship among entrepreneurial activity, business cycles and economic openness. International Entrepreneurship and Management Journal. 2015, 11(2): 307–319.1810.1007/s11365-014-0340-5SUN, X. et al.: Does social capital influence small business entrepreneurship? Differences between urban and rural China. The Annals of Regional Science. 2019, 1-19.1910.1007/s00168-019-00922-1ŠAFR, J.; SEDLÁČKOVÁ, M.: Sociální kapitál: Koncepty, teorie a metody měření. Sociologický ústav AV ČR, Praha, 2006. ISBN 80-7330-095-8.20

ORIGINAL_ARTICLEThe inaccuracy of the predictions of the future growth rate of output is due to the lack of information needed to eliminate uncertainty. The aim of the paper is to predict the growth rate of the output within a short time period using the fuzzy approach, which is an appropriate tool for analyzing problems burdened by uncertainty. First, we briefly compare the fuzzy approach with the statistical methods in the cases where predictors face a non-deterministic environment. The principles of the fuzzy set theory is described and then applied in the gross domestic product growth rate prediction of Greece for the years 2018 (compared to the reported econometric forecast) and 2020 (a new contribution to the paper). The forecasts lean on the input components of the previous four-year development of three macroeconomic indicators (long-term interest rates, investments and unemployment) published in the OECD.stat, which are the basal input parameters of the task. The fuzzy prediction results showed no significant deviations from the statistical predictions. Nevertheless, the model input data monotonic development enabled us to demonstrate one of the ways by means of which the experts can correct the deficiencies of the fuzzy algorithm. Herein identified deficiency is the missing information originating from the input data, which the fuzzy algorithm did not work with. The appropriate corrective measure of the fuzzy model has been chosen and applied.https://acc-ern.tul.cz/archiv/PDF/ACC_2019_2_04.pdf2019-09-30556410.15240/tul/004/2019-2-004EntrepreneurshipSelf-employmentMobilizing social capitalBonding social capitalRegional diversificationSimonaHaškováhaskovas@post.cz1Institute of Technology and Business, School of Expertness and ValuationAUTHORBĚHOUNEK, L.; CINTULA, P.: From fuzzy logic to fuzzy mathematics: A methodological manifesto. Fuzzy Sets and Systems. 2006, 157(5): 642-646.110.1016/j.fss.2005.10.011BLOOM, N.: The impact of uncertainty shocks. Econometrica. 2009, 77(3): 623-685.210.3982/ECTA6248CABRERIZO, F. J.; CHICLANA, F.; AL-HMOUZ, R.; MORFEQ, A.; BALAMASH, A. S.; HERRERA-VIEDMA, E.: Fuzzy decision making and consensus: Challenges. Journal of Intelligent & Fuzzy Systems. 29(3), 1109-1118.310.3233/IFS-151719COUNCIL OF THE EUROPEAN UNION: Greece: the third economic adjustment programme. [online]. 2019. [accessed 2019-01-22]. Available from WWW: https://www.consilium.europa.eu/en/policies/financial-assistance-eurozonemembers/greece-programme/4DUBOIS, D.: Possibility theory and statistical reasoning. Computational Statistics & Data Analysis. 2006, 51(1): 47-69.510.1016/j.csda.2006.04.015DUBOIS, D.; PRADE, H.: What are fuzzy rules and how to use them. Fuzzy Sets and Systems. 1996, 84(2): 169-185.610.1016/0165-0114(96)00066-8EUROPEAN ECONOMIC FORECAST. Institutional Paper 007/ May 2018. [online]. Luxembourg: Publications office for European Union, 2018. [accessed 2018-10-12]. Available from WWW: https://cdn.20m.es/adj/2018/05/03/3938.pdf7OECD Data: Gross Domestic Product (GDP). [online]. 2018. [accessed 201-10-20]. Available from WWW: https://stats.oecd.org/Index.aspx?DatasetCode=SNA_TABLE18HAŠKOVÁ, S.; FIALA, P.: A fuzzy approach for the estimation of foreign investment risk based on values of rating indices. Risk Management. 2019, 21(3): 183-199.910.1057/s41283-019-00053-zHERRERA, F.; HERRERA-VIEDMA, E.: Linguistic decision analysis: steps for solving decision problems under linguistic information. Fuzzy Sets and systems. 2000, 115(1), 67-82.1010.1016/S0165-0114(99)00024-XHERRERA, F.; ALONSO, S.; CHICLANA, F.; HERRERA-VIEDMA, E.: Computing with words in decision making: foundations, trends and prospects. Fuzzy Optimization and Decision Making. 2009, 8(4), 337-364.1110.1007/s10700-009-9065-2OECD Data: Investment (GFCF). [online]. 2018. [accessed 2018-10-29]. 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ORIGINAL_ARTICLEThe article presents a literary review focused on the definition of generations and perception of teamwork and communication by two chosen generations – Y (Millennials) and Z. The analysis of teamwork was subsequently carried out on the basis of a questionnaire survey conducted in 2019 on a sample of 266 respondents in the Czech Republic. The questionnaire survey was supplemented by a content analysis of company job adverts from 2016–2019 in a total of 667 analyzed adverts. One research hypothesis and two research questions were formulated. Pearson's Chi-square Independence Test was used to evaluate the hypotheses. Based on data analysis, no dependence between the selected generations and teamwork preferences was found. The data imply that respondents prefer to work in teams with people they know personally. From the content analysis of the job fair catalogs, the receding tendencies in reporting on the possibilities of teamwork in the workplaces are evident.https://acc-ern.tul.cz/archiv/PDF/ACC_2019_2_05.pdf2019-09-30657710.15240/tul/004/2019-2-005Team workMillenialsGeneration YGeneration ZCommunicationJiříKutlákkutlak@kpm.zcu.cz1University of West Bohemia, Faculty of Economics, Department of Business Economics and ManagementAUTHORBUSSINESINFO: Týmová práce. [online]. 2010. [accessed 2019-05-15]. Available from WWW: https://www.businessinfo.cz/cs/clanky/tymova-prace-2831.html1BEJTKOVSKÝ, J.: The Employees of Baby Boomers Generation, Generation X, Generation Y and Generation Z in Selected Czech Corporations as Conceivers of Development and Competitiveness in their Corporation. Journal of Competitiveness. 2016, 8(4), 105-123. 210.7441/joc.2016.04.07MANPOWER: Mileniálové a kariéra: vize 2020. [online]. 2016. Available from WWW: https://www.manpower.cz/manpower/cs/milenialove-a-kariera-vize-2020/3ČSÚ: Věkové složení populace ČR. [online]. 2018. [accessed 2019-05-15]. Available from WWW: https://www.czso.cz/staticke/animgraf/cz4KUTLÁK, J.: Vícegenerační řízení na pracovišti: Vliv na personální procesy. Trendy v Podnikání - Business Trends. 2018, 8(4).510.24132/jbt.2018.8.4.84_95TAPSCOTT, D.: Grown up digital: How the net generation is changing your world. McGraw-Hill, New York, NY, 2009. ISBN-13: 978-0071508636.6OBLINGER, D.; OBLINGER, J.: Is it age or IT: first steps towards understanding the net generation. In D. Oblinger & J. Oblinger (Eds) Educating the Net generation. EDUCAUSE, Boulder, CO. [online]. 2005. [accessed 2019-05-15]. Available from WWW: https://www.educause.edu/research-and-publications/books/educating-netgeneration7MARTIN, C. A.; TULGAN, B.: Managing the Generation Mix. 2 nd Edition. HRD Press, Amherst, MA, 2002. ISBN-13: 978-0874259414.8LIFFREING, I.: Forget millennials, Gen Alpha is here (mostly). [online]. 2018. [accessed 2019-05-15]. Available from WWW: https://digiday.com/marketing/forgetmillennials-gen-alpha/9BENCSIK, A.; HORVÁTH-CSIKÓS, G.; JUHÁSZ, T.: Y and Z Generations at Workplaces. Journal of Competitiveness. 2016, 6(3), 90-106. 1010.7441/joc.2016.03.06ADECOO. Generation Z vs. Millennials. [online]. 2015. [accessed 2019-05-15]. Available from WWW: http://pages.adeccousa.com/rs/107-IXF-539/images/generationz-vs-millennials.pdf11HALF, R.: The Secrets to Hiring and Managing Gen Z. [online]. 2015. [accessed 2019- 05-15]. Available from WWW: https://www.roberthalf.com/research-andinsights/workplace-research/the-secrets-to-hiring-and-managing-gen-z12IORGULESCU, M.-C.: Generation Z and its perception of work. CrossCultural Management Journal. 2016, 1, 47-54. [online]. [accessed 2019-05-15]. Available from WWW: https://econpapers.repec.org/article/cmjjournl/y_3a2016_3ai_3a9_3ap_3a47- 54.htm13MILLER, J.: A 16-Year-Old Explains 10 Things You Need to Know About Generation Z. [online]. 2018. [accessed 2019-05-15]. Available from WWW: https://www.shrm.org/hr-today/news/hr-magazine/1118/pages/a-16-year-old-explains10-things-you-need-to-know-about-generation-z.aspx14PUIU, S.: Generation Z - an educational and managerial perspective. Young Economists Journal / Revista Tinerilor Economisti. 2017, 14(29), 62-72.15CSEH-PAPP, I.; VARGA, E.; SZABÓ, K.; SZIRA, Z.; Hajós, L.: The appearance of a new generation on the labour market. International Journal of Engineering Tome. (XV), 123-130. [online]. 2017. [accessed 2019-05-15]. Available from WWW http://annals.fih.upt.ro/pdf-full/2017/ANNALS-2017-1-19.pdf16HAVLÍČEK, J.; DÖMEOVÁ, L.; HLAVATÝ, R.: Gen Z in the Workplace: Expectations, Communication and Relationships. In: Efficiency and Responsibility in Education. Prague, 2018. Available from WWW: https://www.researchgate.net/publication/325756609_Gen_Z_in_the_workplace_Expect ations_communication_and_relationships17HENDL, J.: Přehled statistických metod zpracování dat: Analýza a metaanalýza dat. Portál, Praha, 2012. ISBN: 978-80-262-0200-4.18INSTITUT BIOSTATISTIKY A ANALÝZ MASARYKOVY UNIVERSITY: Testování nezávislosti (Pearsonův chí-kvadrát test). [online]. 2019. [accessed 2019-05- 15]. Available from WWW http://portal.matematickabiologie.cz/index.php?pg=aplikovana-analyza-klinickych-abiologickych-dat--analyza-a-management-dat-pro-zdravotnicke-obory--testovanihypotez-o-kvalitativnich-promennych--analyza-kontingencnich-tabulek--testovaninezavislosti-pearsonuv-chi-kvadrat-test19WIEDMER, T.: Generations Do Differ: Best Practices in Leading Traditionalists, Boomers, and Generations X, Y, and Z. Delta Kappa Gamma Bulletin. 2015. 82(1) 51.20CZECHINVEST: Definice malého a středního podnikatele. [online]. 2014. [accessed 2019-02-04]. Available from WWW: https://www.czechinvest.org/cz/Sluzby-pro-malea-stredni-podnikatele/Chcete-dotace/OPPI/Radce/Definice-maleho-a-strednihopodnikatele21

ORIGINAL_ARTICLEA clear understanding of customer’s needs is an essential aspect in the pursuit of competitiveness in companies. Answering the question which one delivers the best product or service becomes harder as the time flows, as all of them are in pursuit of achieving the same goal: truly understand how the market behaves. It is a fact that competitiveness and benchmarking process among automotive companies are challenging in a stable global economic scenario. How would those processes look like in a global economic crisis? Which challenges will companies have to address in order to be competitive in this scenario? This article presents a case study of a global automotive supplier and the challenges it faced during the 2008-2009 economic crisis over statistical analysis of its demand and downtimes, where many lessons learned from this scenario could be studied for better prediction and handling future ones.https://acc-ern.tul.cz/archiv/PDF/ACC_2019_2_06.pdf2019-09-30788810.15240/tul/004/2019-2-006BenchmarkingCompetitivenessAutomotive industryGlobal financial crisisMárcioRodriguesmarcio.rodrigues@tul.cz1Technical University of Liberec, Faculty of Economics, Department of Business Administration and ManagementAUTHORBeatrizMendesbeatriz.fmendes22@gmail.com2State University of Campinas (Unicamp)AUTHOREvaŠírováeva.sirova@tul.cz3Technical University of Liberec, Faculty of Economics, Department of Business Administration and ManagementAUTHORDEROS, B. M.; YUSOF, S. M.; SALLEH, A. M.: A benchmarking implementation framework for automotive manufacturing SMEs. Benchmarking: An International Journal. 2006, 13(4), 396-430.110.1108/14635770610676272BARTRAM, S. M.; BODNAR, G. M.: No place to hide: The global crisis in equity markets in 2008/2009. Journal of International Money and Finance. 2009, 28(8), 1246- 1292.210.1016/j.jimonfin.2009.08.005DATTAKUMAR, R.; JAGADEESH, R.: A review of literature on benchmarking. Benchmarking: An International Journal. 2003, 10(3), 176-209.310.1108/14635770310477744DELBRIDGE, R.; LOWE, J.; OLIVER, N.: The process of benchmarking. International Journal of Operations & Production Management. 1995, 15(4), 50-62.410.1108/01443579510083604FREYTAG, P. V.; HOLLENSEN, S.: The process of benchmarking, benchlearning and benchaction. The TQM Magazine. 2001, 13(1), 25-34.510.1108/09544780110360624JO, H.; KIM, J.; PARK, J.; YANG, H.; PARK, H.: Study on Cycle Time Reduction of Injection Molding Using CAE. Technical Paper 2017-01-0489. In: WCX™ 17: SAE World Congress Experience. 2017, SAE International, United States. ISSN 0148-7191. e-ISSN 2688-3627610.4271/2017-01-0489SULÍROVÁ, I.; ZÁVODSKÁ, Ľ.; RAKYTA, M.; PELANTOVÁ, V.: State-of-the-art Approaches to Material Transportation, Handling and Warehousing. Procedia Engineering. 2017, 192, 857–862.710.1016/j.proeng.2017.06.148YASIN, M. M.: The theory and practice of benchmarking: then and now. Benchmarking: An International Journal. 2002, 9(3), 217-243.810.1108/14635770210428992ŽIŽKA, M.; BUDAJ, P.; MADZÍK, P.: The Adequacy of an Organisation’s Measurement System in Quality Management. Quality - Access to Success. 2016, 17(155), 60–67. Available from WWW: https://www.academia.edu/30371371/The_adequacy_of_an_organisation_s_measureme nt_system_in_quality_management9

ORIGINAL_ARTICLEEach company is looking for the best way to raise capital. Nowadays there are a lot of modern possibilities of fundraising, and the development of cryptocurrencies and crowdfunding has made it possible to create new ways of financing projects. This article seeks to present the Initial Coin Offering (ICO) concept, which is an alternative and modern source of funding. It is similar to the Initial Public Offering (IPO) and crowdfunding. The aim of this article is to present the advantages and disadvantages of Initial Coin Offering. This concept is often associated with risky funding sources, but every business should be able to get acquainted with this form of financing.https://acc-ern.tul.cz/archiv/PDF/ACC_2019_2_07.pdf2019-09-30909810.15240/tul/004/2019-2-007Initial coin offeringFunding sourceCryptocurrencyCrowdfundingInitial public offeringAgnieszkaWisagnieszka.wis@ue.wroc.pl1Wroclaw University of Economics, Faculty of Economics Management and Tourism in Jelenia Góra, Department of Finance and AccountiAUTHORPAKULSKA, T.: Przedsiębiorstwo. Wyzwania. Niepewność. Oficyna Wydawnicza SGH, Warszawa, 2017. ISBN 978-83-8030-191-7.1MAREK, S.: Podstawy ekonomiki przedsiębiorstw. Walkowska Wydawnictwo, Szczecin, 1998.2SIERPIŃSKA, M.; JACHNA, T.: Ocena przedsiębiorstwa według standardów światowych. Wydawnictwo Naukowe PWN, Warszawa, 1999. ISBN 978-83-01-14987- 1.3NEHREBECKA, N.; BIAŁEK-JAWORSKA, A.; DZIK-WALCZAK, A.: Źródła finansowania przedsiębiorstw. Stan badań i ich metaanaliza. Difin, Warszawa, 2016. ISBN 978-83-8085-094-1.4KACZMARZYK, J.: Uwarunkowania Finansowe działalności przedsiębiorstw na jednolitym rynku europejskim. Studia Ekonomiczne Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach. 2016, Vol. 282, pp. 46-56. ISSN 2083-8611.5ŁUKASIK, G.; NACZYŃSKI, D.: Relacje kapitałowe przedsiębiorstw w Polsce i wybranych krajach europejskich. Studia Ekonomiczne Zeszyty Naukowe Uniwersytetu Ekonomicznego w Katowicach. 2016, Vol. 282, pp. 80-93. ISSN 2083-8622.6SZPRINGER, W.: Blockchain jako innowacja systemowa. Wydawnictwo Poltext, Warszawa, 2019. ISBN 978-83-7561-961-4.7BALA, S.; KOPYŚCIAŃSKI, T.; SROKOSZ, W.: Kryptowaluty jako elektroniczne instrumenty płatnicze bez emitetnta. Wydawnictwo Uniwersytetu Wrocławskiego, Wrocław, 2016. ISBN 978-83-229-3541-5.8PIOTROWSKA, A. I.: Bitcoin. Płatnicze i inwestycyjne zastosowania kryptowaluty, CeDeWu, Warszawa, 2018. ISBN 978-83-8102-025-1.9SEHRA, A.; SMITH, P.; GOMES, P.: Economics of Initial Coin Offerings. [online]. 2017. [accessed 2019-04-15]. Available from WWW: http://www.allenovery.com/SiteCollectionDocuments/ICO-Article-Nivaura-20170822- 0951%20%20-%20Final%20Draft.pdf10CONLEY, J.: Blockchain and the Economics of Crypto-tokens and Initial Coin Offerings. [online]. 2017. [accessed 2019-04-15]. Available from WWW: http://www.accessecon.com/Pubs/VUECON/VUECON-17-00008.pdf11DZIUBA, D. T.: Rozwój systemów crowdfundingu w globalnej gospodarce elektronicznej. Zeszyty Naukowe Uniwersytetu Szczecińskiego. Studia Informatica. 2014, Vol. 798, Issue 34, pp. 19-32. ISSN 0867-1753. Available from WWW: http://yadda.icm.edu.pl/yadda/element/bwmeta1.element.ekon-element-00017136326712KORDELA, D.: Crowdfunding w Polsce – koncepcja finansowania społecznościowego / Crowdfunding in Poland – the concept of social financing. Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu. 1310.15611/pn.2016.436.15KOZIOŁ-NADOLNA, K.: Crowdfunding jako źródło finansowania innowacyjnych projektów. Zeszyty naukowe Uniwersytetu Szczecińskiego, Finanse, Rynki Finansowe, Ubezpieczenia. 2015, Vol. 854, Issue 73 pp. 671–683. ISSN 1640-6818.14GRZYWACZ, J.: Źródła finansowania działalności rozwojowej przedsiębiorstw w Polsce. Oficyna wydawnicza szkoła główna handlowa w Warszawie, Warszawa, 2016. ISBN 978-83-8030-067-5.15PŁÓKARZ, R.: Globalne rynki finansowe. Praktyka funkcjonowania. Wydawnictwo Naukowe PWN, Warszawa, 2013. ISBN 978-83-011-6064-7.16DOBOSIEWICZ, Z.: Giełda, zasady działania, inwestorzy, rynki giełdowe. PWE, Warszawa, 2013. ISBN 978-83-208-2056-0.17BEDNARZ, J.; GOSTOMSKI, E.: Źródła i sposoby finansowania przedsiębiorstw. Wydawnictwo Uniwersytetu Gdańskiego, Gdańsk, 2018. ISBN 978-83-7865-662-3.18WASILEWSKA, H.; JANOWSKA, A.: Emisja akcji w drodze oferty publicznej na przykładzie spółek giełdowych. Bank i kredyt listopad-grudzień. 2005, Vol. 11, pp. 36- 42. ISSN 0137-5520.19MOTYLSKA-KUŹMA, A.: Quo Vadis? – innowacyjne i alternatywne źródła finansowania. Finanse, Rynki Finansowe, Ubezpieczenia.2010.18276/frfu.2018.92- 12WIŚNIEWSKA, A.: Obszary wykorzystania walut wirtualnych w działalności przedsiębiorstwa. Acta universitatis Nicolai Copernici. 2110.12775/AUNC_ZARZ.2018.028KNF: Komunikat KNF w sprawie sprzedaży tzw. monet lub tokenów (ang. Initial Token Offerings – ITOs lub Initial Coin Offerings - ICOs). [online]. 2017. [accessed 2019-04- 18]. Available from WWW: https://www.knf.gov.pl/o_nas/komunikaty?articleId=60178&p_id=1822ŻUWAŁA, A.: Możliwości wykorzystania technologii blockchain. [online]. 2018. [accessed 2019-04-18]. Available from WWW: http://www.pszw.edu.pl/images/publikacje/t087_pszw_2018_zuwala_- _mozliwosci_wykorzystania_technologii_blockchain.pdf23KISIEL, M.: ICO – początki rewolucji na rynku kapitałowym? [online]. 2017. [accessed 2019-04-18]. Available from WWW: https://www.bankier.pl/wiadomosc/ICO-poczatkirewolucji-na-rynku-kapitalowym-7539606.html24

ORIGINAL_ARTICLEThe article is based on research which was focused on students in their last year of studies at secondary vocational schools, high schools, vocational colleges, and, subsequently, at public universities in the Liberec Region. The author’s doctoral thesis deals with the complex decision-making process of young people leading to taking over the family business [1]. Based on the results of the analysis, a basic scheme of participation of young people in family business in the Liberec Region was created. The factors that influence the individual stages of the decision-making process are identified and summarized, taking into account the type of municipality in which the family business is run. It also considers the type of family business, i.e. whether it is a Family Business Corporation or Family Business of Natural Persons.https://acc-ern.tul.cz/archiv/PDF/ACC_2019_2_08.pdf2019-09-3010010810.15240/tul/004/2019-2-008Family business typeStudentDecision processSuccessionMunicipalityLiberec RegionZuzanaHorčičkovázuzana.horcickova@tul.cz1Technical University of Liberec, Faculty of Economics, Department of Business Administration and ManagementAUTHORHORČIČKOVÁ, Z.: Participace mladé generace na rodinném podnikání. Liberec, 2019. Doctoral thesis (Ph.D.). Technical university of Liberec, Faculty of Economics. Supervisor prof. Ing. Ivan Jáč, CSc.1ZELLWEGER, T.: Managing the Family Business: Theory and Practice. Edward Elgar Publishing Limited, UK, 2017. ISBN 978-1-78347-070-9.2AMSP ČR: Definice rodinného podnikání. Press release dated 30. 1. 2018.3RYDVALOVÁ, P. et al.: Typologie a hodnocení vitality rodinného podnikání. Technická univerzita v Liberci, Liberec, 2017. ISBN: 978-80-7494-352-2.4CZECH STATISTICAL OFFICE: Postavení venkova v Libereckém kraji. [online]. 2018. [accessed 2019-02-02]. Available from WWW: https://www.czso.cz/documents/10180/20565919/511361-09.pdf/fd927885-1345-4190- 9ad7-105efb74eefc?version=1.05GAREP: Metodická podpora regionálního rozvoje. [online]. 2018. [accessed 2018-12- 26]. Available from WWW: http://www.regionalnirozvoj.cz/index.php/regiony_red.html6MINISTRY OF EDUCATION: Mládež v ČR. [online]. 2019. [accessed 2019-01-15]. Available from WWW: http://www.msmt.cz/mladez/mladez-v-cr7AMSP ČR: Česká republika definovala, co je rodinné podnikání. [online]. 2019. [accessed 2019-07-23]. Available from WWW: https://www.businessinfo.cz/cs/clanky/ceska-republika-definovala-co-je-rodinnepodnikani-121083.html8SVOBODOVÁ, H. et al.: Synergie ve venkovském prostoru. GaREP, spol. s r.o., Brno, 2011. ISBN: 978-80-904308-8-4.9ZELLWEGER, T.; SIEGER, P.; HALTER, F.: Should I stay or should I go? Career choice intentions of students with family business background. Journal of Business Venturing. 2011.1010.1016/j.jbusvent.2010.04.001ANTLOVÁ, K.; RYDVALOVÁ, P.; LAMR, M.: Vztah studentů k podnikání. Technická univerzita v Liberci, Liberec, 2017. ISBN: 978-80-7494-379-9.11OVERBEKE, K. K.; BILIMORIA, D.; PERELLI, S.: The dearth of daughter successors in family businesses: Gendered norms, blindness to possibility, and invisibility. Journal of Family Business Strategy. 2013.1210.1016/j.jfbs.2013.07.002