European Financial and Accounting Journal, 2020 (vol. 15), issue 1

Articles

Rates of CO₂ registration taxes levied on passenger cars in the EU – can they cause distortion?

Petr David

European Financial and Accounting Journal 2020, 15(1):07-32 | DOI: 10.18267/j.efaj.235  

Some of the European Union member states try to tackle the issue of CO₂ emissions generated by the transport sector through environmental registration taxes. The aim of the present research is to ascertain whether they use distorting and unfair parameters represented, in particular, by graduated progressive rates. Tax parameters consisting of average and marginal rates, taxes or nominal rates for 26,100 cases are calculated for various CO₂ emission levels in passenger cars. We determine the optimal shape of such parameters from the point of grades, shape and progression and we identify differences from the optimum in the...

Jurisdictions with lowest effective tax rates in the post-BEPS landscape - CbCR evidence and implications.

Petr Procházka

European Financial and Accounting Journal 2020, 15(1):33-52 | DOI: 10.18267/j.efaj.231  

The research revolves around the topic of offshore destinations and role of tax in the decision where to locate TNCs’ investments or relocate employees. This paper exploits rich country-by-country reporting (CbCR) data that banking institutions operating in the EU with annual turnover over 750 million are obliged to provide publicly as of 2014 on a yearly basis. Database includes 47 banks over 5 years and 27,533 datapoints. I explore whether there is any connection between effective tax rate (ETR) and number of employees in respective subsidiaries of banking institutions. In consequent multiple regression analysis, I add more variables...

The Management Accounting Practices in Healthcare: The Case of Czech Public Hospitals

Josef Krupička

European Financial and Accounting Journal 2020, 15(1):53-66 | DOI: 10.18267/j.efaj.233  

The economic and demographical development in Europe in the last few decades has led to increased pressure on effectiveness in the healthcare industry. The growing importance of performance management in this industry resulted in agreater focus on management accounting practices capable of providing managers with relevant information to support their decision-making activity. This article presents the results of the survey examining the management accounting practice among the economic managers in public hospitals in the Czech Republic. The results from total of 60 respondents pointed out to management accounting practices being well established and...

Globalization and Economic Growth: Evidence from European Countries

Aderemi Timothy Ayomitunde, Ogunleye Akin George, Lucas B. Ojo, Okoh Johnson Ifeanyi

European Financial and Accounting Journal 2020, 15(1):67-82 | DOI: 10.18267/j.efaj.234  

This study examined the nexus between globalization and economic growth in European countries from 1990 to 2018 with the application of ARDL and Bounds test. Data was collected from the United Nations Conference on Trade and Development and World Development Indicator, respectively. The major findings that originated from this study are as follows. The lag value of economic growth has a significant positive relationship with its present value. Globalization index variables such as net FDI inflows and trade openness brought about economic growth in the European countries. This shows that the impact of globalization has been positive on the economies...