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Firstly, this paper empirically analyzes the relationship between corporate social responsibility and corporate financial performance without considering innovation ability by using dynamic panel threshold model. The empirical results show that there is a nonlinear relationship between corporate social responsibility and corporate financial performance; Corporate social responsibility has a double threshold effect on corporate financial performance, and the positive impact of corporate social responsibility on corporate financial performance decreases marginally. Furthermore, this paper explores the intermediary or regulatory role that innovation ability may play between the two. The empirical results show that this paper measures the innovation ability of enterprises by innovation input, innovation output and innovation efficiency, but only the first two play a partial intermediary role and positive adjustment role in the relationship between corporate social responsibility and financial performance. By analyzing the relationship between corporate social responsibility and financial performance in Poland, this paper examines the influence of innovation ability on the relationship between them, which provides a new perspective for enterprises to achieve better financial performance and the...

Public sector efficiency is considered an important component of economic growth. The study describes and quantifies the impact of public sector efficiency on economic growth, capital investment and human capital accumulation in the sample of selected European countries in the years 1995--2012. According to our results, the amount of output is affected by the quality of the administrative system and enforceability of property rights. The negative impact of inefficiency on long-term growth was however not clearly proved. Tax burden, regulation and functionality of property rights seem to be the main investment determinants.

The defense industry historically belonged to the traditional branches and always made the considerable part of the Czech industry. The peculiarity of the arms production and the whole defense industry is its narrow connection with the state, state policy and international position. The division of the private and public sector was changing in different periods, but it was always in a large interest of the state to keep in its property some parts of the production and repair capacities. At present it still occurs consolidation or closure of some state enterprises. Also the state policy significantly influenced the location of arms races on the state territory in the connection on its emergency. The location of defense industry by itself had and even now has the great influence on the general employment in particular regions. The peculiarity of the defense industry is the great influence of technical innovations and high demand of machine equipment and the quality of staff. In analytical section we showed the productivity of weaponry in the Czech Republic in time and space with assistance of chosen indicators and regressive analysis of longer time span; Increasing productivity is reflected in the Liberec and Usti region, particularly through developing/building the armored and other vehicles and equipment, which seems to be very effective nowadays. It is interesting that state enterprises seem to be more efficient than enterprises in private ownership. From the data we can draw some other conclusions that the changes in the structure of Army Forces of Czech Republic have direct influence on the structure and the size of the defense industry. It is also possible to observe direct connection of big army contracts of Czech Army and efficiency of particular firms. The peculiarity is that the state is keeping the possibility to make the part of the contracts directly to its state companies, which greatly influence their efficiency of economy. Because of the shown dependence of political decisions on the structure of ownership and efficiency of arms production it would be interesting to follow the development in this field on the basis of White book about defense.

In this thesis I am trying to solve a problem with aviation and the national carrier Czech Airlines. The aim of this paper is to provide a market analysis in the field of air transport with a focus on European companies. Air transport is an important part of national economies, but in these times a lot of national carriers are facing many problems. Czech Airlines as a government owned company is not an exception and it has found it necessary to enact restructuring actions. The theoretical part provides information about aviation history, types of airlines, and alliances in aviation, regulation and deregulation in air transport. The practical part then provides with regression analysis an evaluation of the knowledge from the theoretical part and shows how individual parameters of airlines influence labour productivity. Across the models there are decreasing returns of labour and increasing returns of capital. The models show the inappropriateness of state ownership, the benefit of membership in airline alliances and the effectiveness of low cost airlines.