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EN
This article treats of issues arising from financial instruments to support innovation and development of small and medium enterprises (SMEs). The purpose of this paper is to identify as both disadvantages and advantages of the various instruments. The greatest attention is devoted to the most popular, financial instrument that is an investment grant. At the beginning of the article, the importance of investment grants will be characterized. Its share in promoting innovation will be determined. Then, a comparison was made with financial, revolving instruments. That is financial engineering and venture capital. The article points out that in some projects, especially those of the most innovative potential, an investment grant may not be the most appropriate means of intervention. On the other hand, financial engineering is not the most suited to satisfying the long-term capital needs of SMEs. Venture capital supports primarily SMEs with high growth potential. Investment grants have numerous disadvantages. It means that policy makers should always consider alternative financial instruments. Venture Capital is the most appropriate whenever following factors are of very great importance: preservation of confidentiality and trade secret, time and flexibility. The authors indicate the need for change in thinking about the Structural Funds to happen. More attention should be paid to select appropriate financial instruments to support innovation and SMEs’ development, and not to the issue of how to absorb the Structural Funds in Poland.
EN
This paper is an answer to Prof. Jozef Orczyk's paper on students' allowances. It describes good solutions brought by system reformation of 2005. It indentifies also loopholes of the Students' Allowances System and gives propositions of improvement. Additionally, topic of general expectations from further improvements of the system is introduced.
EN
According to the 2011 census, approximately 12% of the population of Slovakia declared their belonging to national minorities. Government funding has been available to organizations engaged in minority cultural activities since 1998, and since then it has become the most important income source for minority organizations. The aim of the paper is twofold. It analyses the system itself which encompasses the changes and continuities in the funding system in terms of rules, priorities, and the budget, but also the changes in the activity of the organizations, the distribution of project proposals by project type, and the type and nationality of the applicant. Besides this, the data provided by the donors are utilized for the sake of the analysis of the composition and structure of minority institutional systems in Slovakia. The analysis is based on documents and data published by the donors on the internet. The analysis of the internal structure and inequalities within institutional systems showed, that the smaller minorities, in fact, tend to rely on an even more limited number of hierarchically structured organizations that try to cover as wide a range of activities as possible and receive the dominant share of the funding allocated to the respective minorities.
EN
The research shows that political parties use public resources as a vote-buying mechanism. This paper analyses the distribution of fire engines to Slovak municipalities before 2016 election. We find that towns with mayors from the ruling party as well as municipalities where this party scored better in previous election were advantaged in the selection process. We also show that grants increase the electoral support of the ruling party and even more substantially they boost the share of votes of the government representative who personally directed the distribution. This positive effect is strongest in smaller municipalities and it weakens with rising town population.
EN
This paper endeavours to identify the problems of higher education, especially from the point of view of study of history, and present proposals to solve them, which existing discussion has not noticed or appreciated. According to the author the quality of university education is limited by the inappropriately high number of institutions, low number of staff in each and therefore the closeness and limitation of research possibilities. A further problem is the low flexibility of the staff of the universities. For example, institutions have only a few possibilities to provide jobs for people finishing doctorates and almost no possibilities to use post-doctoral scholars. This could be changed if small institutions merged into larger units, doctoral study was improved, and, above all, the grant system could be radically reformed. The development of higher education is also complicated and put in doubt by the accreditation approach. Its criteria absolutize the quantitative indicators of research and the formal signs of study, rather than tracing their real quality. The author also points to the need to improve the preparation of teachers, especially history teachers, pointing to the harmfulness of rational formalism and the marginal weight of moral principles and psychological skills, as well as the lack of continual education of teachers. The author thinks that only early and deep reforms can enable the universities of Slovakia to begin to fulfil the tasks required by present day demands and become internationally competitive.
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