Issue 4/2014

Air accidents, their investigation and prevention

Author(s):

Vladimír Socha, Ľuboš Socha, Stanislav Szabo, Vladimír Němec

Abstract:

The contribution is dealing with the issue of air transportation safety in view of the potential causes resulting in air accidents and their prevention. It classifies the causes of the accidents by the separate phases of flight. Further it focuses on air accidents investigation and possible prevention. The conclusion characterizes some international organizations dealing with the issue of safety in civil aviation.

Key words:

Aircraft, safety, air accident, prevention, investigation, human factor

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Analysis of wage and unemployment in Slovakia

Author(s):

Sylvia Jenčová, Eva Litavcová

Abstract:

The labor market is a phenomenon that has to be dealt with not only by economists, politicians, and governments, but also by the inhabitants of each country. This phenomenon determines not only their overall standard of living, but it is also linked to the overall mobility of the economically active population. Salary, as a result of the functioning of the labor market, depends on market conditions in the economy. Unemployment in Slovakia is the country's main socio-economic problem. The main problem for Slovakia is long-term unemployment, where more than seventy percent of the unemployed have been home for over a year. The consequences of unemployment and the level of wage rates are subject to confrontation and polemic differences economic science. The aim of this paper is to show the evolution of nominal and real wages in the Slovak Republic. The partial aim is the application of statistical methods to quantify the relationship between the growth rate of real wages and the growth rate of nominal wages as they relate to unemployment.

Key words:

unemployment, wage growth, regression statistics

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Application of CAPM for the evaluation of Cost of Equity

Author(s):

Jarmila Horváthová, Martina Mokrišová

Abstract:

CAMP seems to be the most suitable one of all Models of Equity valuation, due to acceptance of systematic risks of capital market. This may be at the same time one of its shortcomings because it would be more appropriate if the general Equity valuation model accepted also non-systematic risks. The aim of this paper is to define input parameters of Capital Asset Pricing Model, to focus on the definition of Equity Risk Premium – ERP and Country Risk Premium – CRP and to estimate β coefficient for systematic risks. The contribution of this paper is in summarizing CAPM modifications for Equity valuation used in Slovak businesses.

Key words:

Capital Asset Pricing Model, β coefficient, Economic Value Added, Country Risk Premium, Equity Risk Premium

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Bankruptcy prediction models and their application in Slovak's hotel

Author(s):

Beáta Šofranková

Abstract:

In times of financial crisis plays an important role prediction of the development financial - economic situation of most enterprises. There are predictive models that can help us detect early deterioration of the financial situation. The analysis was based on the financial statements of selected Slovak’s hotel for the years 2008 - 2011 and the financial situation have been selected bankruptcy models as Altman model (AZ2), Index IN (IN05), Index creditworthiness (IB), Taffler model (TM), Springate model (SM) and Fulmer model. In conclusion we can say that Fulmer model is not suitable for assessing the financial health of the hotel and we recommend to using the model Index Creditworthiness (IB), where we can see the changes in the development of Net Income.

Key words:

Bankruptcy and Creditworthy model, Indicator, Hotel

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Critical view on identification of competitiveness attributes and dimensions for choosing a travel destination

Author(s):

Lenka Zajacová

Abstract:

Tourism destinations around the world are finding themselves competing against other destinations more then ever before, especially those emerging destinations. Due to global mobility of tourists the competition is no longer just local, but rather fully global. Therefore key attributes – which could provide competitive advantage - need to be investigated to provide the destinations with understanding in which area they could develop in order to keep up with global competition. Several streams of research has been done in the area and couple of key foundings can be used as a basis for further studies. Understanding of the attributes and dimension can be of a considerable help to tourism industry.

Key words:

Decision criteria, Destination attributes, Competitiveness

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Globalization elements and their impact on air traffic

Author(s):

Vladimír Socha, Ľuboš Socha, Peter Kaľavský, Iveta Šebeščáková

Abstract:

The article focuses on the issue of globalization and its impact on aviation. Respective globalization elements which take place in the field of aviation are studied. Also, the issue of terrorism and the elimination of possible risks resulting from this issue are paid attention to. The work further focuses the issue of safety, information technologies, systems of quality management in aviation and pays attention to the field of environment.

Key words:

Globalization, safety, environment, terrorism, quality, information technologies

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Online advertising revenue – the current state of the domestic market

Author(s):

Radovan Bačík, Richard Fedorko

Abstract:

The aim of the article is to describe the specific aspects of online advertising as a tool of marketing communication. In the evaluation, the direction of the topic article summarizes the theoretical bases of internet marketing. The contribution also focuses its attention on the area of Internet advertising revenue in the domestic market, where on the analysis describes the current state of the proceeds of this form of promotion. Another object of the article is to evaluate and demonstrate the possible further developments in this field and to point out the pitfalls.

Key words:

Marketing, Internet Advertising Online advertising revenues, Trends

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Quantification of efficiency and company performance

Author(s):

Sylvia Jenčová, Eva Litavcová

Abstract:

The current competitive environment requires companies to maintain healthy functioning so they may control the business and financial aspects of their operations. One of the cardinal roles of financial analysis of businesses is that it allows for an analytical and systematic approach to study their individual activities. The purpose of this analysis is to prepare a document containing the framework for quality decision making and enhancing the functioning of the company. This analysis allows the continuous evaluation, whether ex ante or ex post, of the financial situation of a company. The aim of this paper is to show the importance and structure of financial performance metrics in business. It also introduces efficiency indicators in a matrix of parallel systems of financial indicators.

Key words:

Model, Profitability Indicator, Return on Assets

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Research on the impact of selected marketing methods for change consumer behavior by using audiovisual recordings

Author(s):

Martin Mudrík, Ľudovít Nastišin, Nella Svetozarovová

Abstract:

Presented paper deals with the issue of changing customers behaviour by using a series of audiovisual experiments. Consumer behaviour is a complex, multi-faceted phenomenon which can be defined in a number of different ways. Therefore the main aim of paper is to determine the apparent existence of differences in the resulting behavior of people in the same situation but with different input recommendations under the condition, that the final consumer behavior is assessed in several groups providing by the real, positive, negative or no recommendations of audiovisual record.

Key words:

Consumer behaviour, media, movies, recommendation

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The analysis of the indicators of the innovative environment development in the Slovak republic

Author(s):

Mariana Dubravská

Abstract:

The aim of the proposed Paper is to review the development of the innovative environment in the Slovak republic. By using scientific-cognitive methods, i.e. issue analysis, gained data synthesis, comparison a deduction chosen indicators of the development of the innovative environment of the Slovak republic. Based on the results, we can state that there is a place for improvement in the all rated areas

Key words:

Innovative environment, indicators, development, Slovak republic

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The analysis of the public debt’s structure in selected countries

Author(s):

Elena Širá

Abstract:

This article deals with analysis of public debt’s structure in selected European countries. According to quarterly data of European countries we gain detailed information about the public debt development. Thus we can define the minimum, maximum and average values for analysed countries. Next, for better evaluation we used data per one year (2013) for structural analysis of public debt. We analysed the structure of public debt according to the instruments.

Key words:

Structure of Public Debt, Public Debt

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The impact of contrails on the environment

Author(s):

Martin Voráček

Abstract:

The objective of the research of contrails formed by air transport is to evaluate to what extent the industry influences the Earth's climate. Contrails formed behind an aircraft may disinte-grate within seconds or may cause the formation of cirrus clouds lasting several hours. Those clouds then prevent natural cooling of the Earth, this effect being more pronounced mainly at night. As a result, this effect probably contributes to global warming.

Key words:

Global warming, cirrus, contrails

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