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EN
The paper focuses on the corporate groups (CGs), which have emerged in the Czech Republic and Slovakia since 1993. While the investment companies and industrial groups dominated in early 1990s, later huge pyramid-like structures occurred. Nowadays, financial CGs are among the most powerful domestic actors. We analyze the ownership concentration forms and the CGs´ impact on the patterns of corporate restructuring. Moreover, a typology of CGs is presented. The results indicate that group-related process of ownership concentration exists during the transition; the forms of concentration used by CGs change over time; and CGs can sometimes keep concentrated ownership structure of the firms unchanged.
EN
The paper analyses more than a decade of corporate governance development in the Slovak Republic. After the introductory part (Part 1), the second part analyses ownership concentration patterns of the Slovak listed companies. Part 3 focuses on corporate restructuring as developed due to ownership changes. Corporate governance in banking sector is the topic of the Part 4. Evaluation of the impact of management changes on corporate governance system is studied in Part 5.In Part 6 are discussed changes in corporate governance as a consequence of implementation of legislation, regulation and self-regulation. Non-governmental initiatives, supporting the effort for higher transparency on capital market and better corporate governance, are studied in Part 7. In the final part (Part 8), a brief evaluation of expected development in the area of activities initiated at international and supranational levels is outlined.
EN
The paper analyses impact of institutional density on networking and competitiveness of six selected EU countries. Based on the empirical data on European highly-innovative research projects NEST 2004 and 2005 and ERA-Net Series 2 we study to what extent the countries participate at these projects. The results show that participation of some countries in such programs is insufficient. Our model shows that despite the fact that country size has a certain impact on project participation rate in the analyzed types of projects, such relationship is only partial. The paper also shows that transformation rate of the knowledge-related inputs into the knowledge-related outputs is in the case of the Czech Republic and Slovakia much lower compared to the most developed countries with comparable size (Sweden, Denmark, Austria and Finland).
EN
The paper aims, besides evaluation of importance of Williamson’s work, to verify empirically the hypothesis whether there are also some other factors (e.g. confirmation of theoretical results in practice or attractiveness of his work to academicians and policy makers) behind the Williamson’s success and not only the quality of his (especially journal) publications (as indicated in IDEAS RePEc database). The example of Williamson´s work is used here for a broader discussion of the problem to what extent can serve only purely quantitative data as a basis for evaluation of the best economists. The author research confirms his hypothesis and shows that despite the fact that rankings based on scientific journal publications and citations represent an important selection mechanism for selection of the best scientist in economics, they are not complex enough to be the only way how to nominate the best scientists as is shown in the case of “Nobel prize” selection.
EN
We examine publication/citation (P/C) patterns of 88,653 global most productive researchers (MPRs). We analyse the link between publication and citation activity and provide evidence regarding the extent to which top researchers scientific results are better than scientific results of others. Our second aim is to analyse the kinds of patterns that are occurring in P/C activities of top researchers. Major findings are that both quality and quantity parameters represent important feature of MPRs. The best among top researchers have substantially better parameters than those at the bottom level of ranking. We also find that many MPRs publish excellent publications and receive high number of citations. The best-cited publications have researchers exhibiting low number of total publications. Among factors contributing to success of MPRs are team, cooperation, specialization, Ph.D. supervising, international project participation, multiple use products and some other factors. Finally, looking at the patterns characterizing 22 research fields reveals differences. The clinical medicine field, e.g., is the area of research with the largest number of published WoS documents and citations. Multidisciplinary sciences show significantly lower values. The only similarity is an average number of citations per paper.
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