Template-Type: ReDIF-Article 1.0 Author-Name: Florin Aliu Author-Workplace-Name: Faculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, 760 01 Zlín, Czech Republic Author-Name: Adriana Knápková Author-Workplace-Name: Faculty of Management and Economics, Tomas Bata University in Zlin, Mostní 5139, 760 01 Zlín, Czech Republic Title: Portfolio Risk of International Diversification of Kosovo Pension Fund: A Historical Perspective Abstract: Finance do not stand on static variables like exact sciences, they are changeable and influenced from human actions. The question where to invest funds, is a crucial task for financial managers. The study aimed at assessing the portfolio risk of different asset managers of the Kosovo Pension and Saving Trust. In general, the assessment has been categorized in two historical perspectives. The first phase is an assessment of the portfolio risk of the fund from 2003 to 2009 and the second phase is from 2003 to 2013. In general, portfolio risk in the second stage has shown a reduction as compared to the first stage. However, the return side shows also a reduction in the second phase than the first one. The overall risk of Kosovo Pension and Saving Trust has been in accepted range. Majority of money have been invested in stocks which automatically exposes huge risk on KPST portfolio, since it is proven that financial markets are not stable and they are prone to asset bubbles. Keywords: Kosovo Pension Fund, portfolio risk, correlation matrix, stock prices Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 237-244 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010237 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010237.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010237.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0028.txt Handle: RePEc:mup:actaun:actaun_2017065010237 Template-Type: ReDIF-Article 1.0 Author-Name: Xiaojing Chao Author-Workplace-Name: Department of Economics, Faculty of Economics and Management, Northwest University, in Xi'an, Shaanxi, China Author-Name: Xiaopeng Tan Author-Workplace-Name: Department of Economics, Faculty of Economics and Management, Northwest University, in Xi'an, Shaanxi, China Title: How Does the Urban-rural Income Disparity Affect Economic Growth? Abstract: The overall relation of urban-rural income inequality to economic growth is complex. As the widening income gap between urban and rural areas, the rural residents are unwilling and unable to invest in human capital, which restricts China's long-term economic growth. By empirically analyzing Chinese provincial panel data from 1995 to 2012, we find the material capital investment and the human capital investment have highly significantly positive coefficients for explaining economic growth, however, the urban-rural income disparity is significantly negative for the human capital investment, moreover, the change shows that there is a negative influence of urban-rural income disparity on the economic growth. Keywords: urban-rural income gap, human capital, economic growth Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 245-257 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010245 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010245.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010245.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0029.txt Handle: RePEc:mup:actaun:actaun_2017065010245 Template-Type: ReDIF-Article 1.0 Author-Name: Evgen Dankevych Author-Workplace-Name: Department of Environmental Safety and Environmental Economics, Ecology and Law Faculty, Zhytomyr National Agroecological University, Zhytomyr, Ukraine Author-Name: Vitalii Dankevych Author-Workplace-Name: Department of International Economic Activity Management, Economics and Management Faculty, Zhytomyr National Agroecological University, Zhytomyr, Ukraine Author-Name: Olexander Chaikin Author-Workplace-Name: Scientific Research and Innovation Development Leading Specialist, Zhytomyr National Agroecological University, Zhytomyr, Ukraine Title: Ukraine Agricultural Land Market Formation Preconditions Abstract: The theoretical land relations reforming principles were reviewed.Land relations in agriculture transformation process was studied. The land use features were detected and agricultural land use efficiency analysis was conducted.Ukraine land market formation research problems results have been shown. It was established that private land ownership institution ambiguous attitude, rent relations deformation, lack of the property rights ensure mechanism inhibit the land market development. Sociological research of Ukrainian Polesie region to determine the prerequisites for agricultural land marketformation preconditions has been conducted. 787 respondents from Zhytomyr, Rivne and Volyn regions were interviewed. Land shares owners age structure, their distribution by education level, their employment, land shares owners and agricultural enterprises executives to the agricultural land sale moratorium cancellation attitudes, land purchase financial resources, directions of Ukrainian Polissya region land shares use, shares owners land issues level of awareness have been determined during the research. Was substantiated that agricultural land market turnover includes not only land sale moratorium cancellation but also the adoption of the legislative framework and the appropriate infrastructure development, one of the key elements of which is land relations regulation specialized state agency - State Land Bank. Keywords: agricultural land market moratorium, efficiency, rent, land shares, State Land Bank Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 259-271 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010259 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010259.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010259.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0030.txt Handle: RePEc:mup:actaun:actaun_2017065010259 Template-Type: ReDIF-Article 1.0 Author-Name: Petr David Author-Workplace-Name: Department of Accounting and Taxes, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic Author-Name: Vojtěch Schiller Author-Workplace-Name: Department of Accounting and Taxes, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic Title: Evironmental Tax. Are Vehicle Registers in the EU Prepared? Abstract: The market system is unavailable to reflect negative externalities, caused by road motor traffic, in the realized prices. For that purpose, it would be appropriate to implement a general environmental road tax in the European Union member states. The question is whether the national registers of vehicles are prepared for such a change. Whether this is the case at present, may be found out by means of analyses of the available national registers. The next step is synthetic: the data must be subsequently completed on the basis of the knowledge of needs of currently existing systems of road motor vehicles taxation. In the end, the identified results may be supplemented with the known data published by international institutions. The results of the research show that the present systems of road motor vehicles taxation are utterly different and distortive. Only 12 countries of the European Union have registers which were clearly identified as prepared for the application of the environmental tax. Registers of the remaining countries do not contain one or more data that are necessary for the implementation of the environmental tax. For this reason we may assume that regardless of other determinants, environmental road tax shall not be introduced throughout the European Union in the foreseeable future. Keywords: environmental road tax, register of vehicles, European Union, CO2 emissions Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 273-282 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010273 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010273.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010273.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0031.txt Handle: RePEc:mup:actaun:actaun_2017065010273 Template-Type: ReDIF-Article 1.0 Author-Name: Jaroslava Hyršlová Author-Workplace-Name: University of Pardubice, Faculty of Transport Engineering, Studentská 95, 532 10, Pardubice, Czech Republic Author-Name: Pavel Tomšík Author-Workplace-Name: Mendel University in Brno, Faculty of Business and Economics, Zemědělská 1, 613 00, Brno, Czech Republic Author-Name: Lucie Vnoučková Author-Workplace-Name: University of Economics and Management, Department of Management, Nárožní 2600/9a, 158 00 Prague 5, Czech Republic Title: Relation between Sustainability-Related Communication and Competitiveness in the Chemical Industry Abstract: Interests of companies in the sustainability-related communication have risen considerably in recent years. This paper focuses on the current state of sustainability-related reporting in chemical industry companies registered in the Association of Chemical Industry in the Czech Republic. It deals with the form and the content of reporting, the importance of different stakeholders in this process as well as benefits of the sustainability-related communication and its impacts on competitiveness of the company. This paper summarizes the results of a research executed in the year 2014. The results of the research showed that chemical industry companies were aware of the significance of sustainability-related communication and they utilized various types of sustainability-related reports for this communication. Companies prefer to report on the environmental and social aspects of their activities primarily in their annual reports, or they issue separate environmental reports. The research verified the relationship between the sustainability-related communication and competitiveness. A suitable established high quality system of communication that provides sufficient information and meets the information requirements of the key stakeholders may significantly contribute to reputation improvement, to increased attractiveness of the company as an employer and thereby to maintain, to improve respectively, the level of a company's competitiveness. Keywords: chemical industry, communication, competitiveness, corporate sustainability, social responsibility, sustainability-related reporting, environmental and social aspects Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 283-292 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010283 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010283.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010283.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0032.txt Handle: RePEc:mup:actaun:actaun_2017065010283 Template-Type: ReDIF-Article 1.0 Author-Name: Pavol Kita Author-Workplace-Name: Marketing department, Faculty of Commerce, University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia Author-Name: Andrea Furková Author-Workplace-Name: Department of Operations Research and Econometrics, Faculty of Economic Informatics, University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia Author-Name: Marian Reiff Author-Workplace-Name: Department of Operations Research and Econometrics, Faculty of Economic Informatics, University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia Author-Name: Pavol Konštiak Author-Workplace-Name: Marketing department, Faculty of Commerce, University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia Author-Name: Jana Sitášová Author-Workplace-Name: Marketing department, Faculty of Commerce, University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia Title: Impact of Consumer Preferences on Food Chain Choice: An empirical study of consumers in Bratislava Abstract: The objective of this paper is to highlight the use of multiple criteria evaluation methods as a tool for the rating and selection of retail chains from the customers and suppliers perspective. We provide an assessment on the attractiveness of active retail chains on the Slovak market through multiple criteria methods used for the analysis of customer preferences.An analysis was conducted on a sample of consumers in Bratislava involving 11 389 respondents interviewed. The multi-attribute decision-making methods PROMETHEE II and V were used to assess the variants. In the first part of analysis the collected data uncover customers' preferences in the selection of retail chains. Findings suggest a ranking of evaluated retail chains and thus of customer preferences.Based on the obtained evaluation, in the second part of analysis, a set of retail chains was chosen under constraints concerning the effectiveness of advertising, market share of sales and the maximum number of chosen retail chains and a binary linear programming model was formulated as an outcome. Proposed procedure aims to assist the decision maker in selecting which retail chain to choose for distribution of supplier's products, and thus maximize benefits, which will result from consumer preferences and service satisfaction level in retail chain. Keywords: Consumer preferences, food chain, store choice, multi-attribute decision-making problems, binary linear programming models Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 293-298 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010293 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010293.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010293.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0033.txt Handle: RePEc:mup:actaun:actaun_2017065010293 Template-Type: ReDIF-Article 1.0 Author-Name: Elena Kuzmenko Author-Workplace-Name: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague; Kamycka 129, 165 21 Prague-6 Suchdol, Czech Republic Author-Name: Luboš Smutka Author-Workplace-Name: Department of Economics, Faculty of Economics and Management, Czech University of Life Sciences Prague; Kamycka 129, 165 21 Prague-6 Suchdol, Czech Republic Author-Name: Mikhail Pankov Author-Workplace-Name: Department of Statistics and Econometrics, Faculty of Economics and Finance, St. Petersburg State University of Economics; Sadovaya street 21, 191023 St. Petersburg, Russian Federation Author-Name: Nadezhda Efimova Author-Workplace-Name: Department of Corporate Finance and Business Valuation, Faculty of Economics and Finance. St. Petersburg State University of Economics; Sadovaya street 21, 191023 St. Petersburg, Russian Federation Title: The Success of Economic Policies in Russia: Dependence on Crude Oil vs. Export Diversification Abstract: In the light of numerous debates around Russia's dependence on crude oil and the necessity to diversify the Russian economy, the present paper investigates how closely federal budget revenues, structure of export basket and GDP growth in Russia are tied up with crude oil prices (POIL) on the one hand and the real effective exchange rate of ruble (REER) on the other. The study covers the period from 2000:Q1 till 2014:Q4 and employs index analysis along with vector error correction model (VECM) based on Johansen co-integration technique. The calculated REER revealed its significant appreciation, that together with a high share of mineral products in total Russian exports points to Dutch disease presence. The constructed econometric models revealed the existence of long-run relationships among the analyzed indicators. Post-estimation tests proved the validity of the VECMs. According to the obtained results, in order to stimulate "non-oil" exports monetary authorities should depreciate national currency, whilst fiscal burden should be mild towards "non oil" producers. However, the observed dynamics of macroeconomic indicators points to the fact that the Russian economy is still substantially influenced by POIL and this influence is much more stronger than it is exerted by fiscal and monetary regulators. It allows us to conclude that crude oil will continue to play, at least in foreseeable future, a dominant role in further development of the Russian economy. Keywords: Russia, GDP, fiscal revenues, crude oil price, REER, VECM, co-integration Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 299-310 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010299 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010299.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010299.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0034.txt Handle: RePEc:mup:actaun:actaun_2017065010299 Template-Type: ReDIF-Article 1.0 Author-Name: Simona Miškolci Author-Workplace-Name: Department of Regional and Business Economics, Faculty of Regional Development and International Studies, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic Title: Consumer Preferences Expressed via Shopping in Alternative Food Chains Abstract: In recent years an increasing consumer interest in shopping in alternative food chains can be observed also in the Czech Republic. For the successful development of alternative food networks, it is important to understand what motivates consumers to shop there. This paper is aimed to define and discuss the key aspects of the preference determinants of AFN shoppers. The empirical analysis was conducted on 333 shoppers at two alternative food chains in Brno, Czech Republic. The consumer survey was designed to examine cognitive, normative and affective determinants of preference for purchased food. First findings confirm, that by the shopping at alternative food chains consumers demonstrate preferences not only for fresh and tasty food, but also their normative position of willingness to support local production and community. Keywords: alternative food chains, customer motives, preference determinants, credence characteristics Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 311-318 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010311 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010311.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010311.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0035.txt Handle: RePEc:mup:actaun:actaun_2017065010311 Template-Type: ReDIF-Article 1.0 Author-Name: Milena Otavová Author-Workplace-Name: Department of Accounting and Taxation, Faculty of Business and Economics, Mendel University Brno, Zemědělská 1, 613 00 Brno, Czech Republic Title: Influence of the Introduction of Tax Assignations on the Amount of Donations and Subsidies Abstract: Tax assignations give tax-paying citizens an opportunity to make decisions about a portion of their income tax paid and determine its recipient. Tax assignations are an additional source of income for non-governmental non-profit organizations. The Czech Republic has not introduced them yet, however, the other Visegrád Group countries have embodied this concept in their tax systems. The aim of the paper is to confirm or possibly refute the benefits of the concept of tax assignations for the current tax system of the Czech Republic. The influence of the possible introduction of tax assignations is being investigated in connection with the amount of government subsidies and in relation to motivation for philanthropic giving. In this context, the paper presents current conditions for the introduction of tax assignations. It also discusses the pros and cons of tax assignations that may serve as main arguments for or against the introduction of tax assignations in the Czech Republic. The focus of this paper is on the application of tax assignations in Slovakia as Slovakia with its historical development and structure is very close to the Czech Republic. If tax assignations are introduced in the Czech Republic, a similar development can be expected. Analysis of statistical data for Slovakia was used to explore whether tax assignations affected the amount of transfers to non-governmental organizations and whether tax assignations could be a good additional source of funding for non-profit organizations in the Czech Republic. Keywords: non-profit organization, tax assignations, gifts, donations, income tax, non-profit sector Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 319-326 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010319 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010319.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010319.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0036.txt Handle: RePEc:mup:actaun:actaun_2017065010319 Template-Type: ReDIF-Article 1.0 Author-Name: Patrik Svoboda Author-Workplace-Name: Department of Accounting and Taxes, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic Author-Name: Hana Bohušová Author-Workplace-Name: Department of Accounting and Taxes, Faculty of Business and Economics, Mendel University in Brno, Zemědělská 1, 613 00 Brno, Czech Republic Title: Amendments to IAS 16 and IAS 41: Are There Any Differences between Plant and Animal from a Financial Reporting Point of View? Abstract: The aim of the paper is the evaluation of appropriateness of different ways for the measurement and reporting of different groups of biological assets. There are two possible ways of their measurement - cost and fair value. The substance of all kinds of biological assets differs significantly, especially for plants and animals. The single way for measurement of all kinds of biological assets is not satisfactory. The most significant difference is observable between bearer plants and biological assets in the form of living animals. The authors took into account a majority of factors influencing quality of individual ways of measurement, and evaluated the application of the above-mentioned methods for representatives of both kinds of biological assets (apple orchard and dairy cows). The results of the study proved that the historical cost is the suitable way of bearer plants measurement, while the fair value measurement is more suitable for measurement of living animals. Keywords: Biological assets, measurement, bearer plants, living animals, historical costs, fair value Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 327-337 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010327 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010327.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010327.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0037.txt Handle: RePEc:mup:actaun:actaun_2017065010327 Template-Type: ReDIF-Article 1.0 Author-Name: Iveta Ubrežiová Author-Workplace-Name: Department of Management, Faculty of Economics and Management, Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 949 76 Nitra, Slovak Republic Author-Name: Regína Kurčová Author-Workplace-Name: Department of Management, Faculty of Economics and Management, Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 949 76 Nitra, Slovak Republic Author-Name: Jarmila Horváthová Author-Workplace-Name: Department of Languages, Faculty of Economics and Management, Slovak University of Agriculture in Nitra, Tr. A. Hlinku 2, 949 76 Nitra, Slovak Republic Title: How Can We See the Corporate Social Responsibility within Its Application in Business Practice? Abstract: In the 21st century, CSR along with other social issues (such as corporate philanthropy and social enterprise) has become one of the key business trends all over the world. Companies have begun to realize certain commitment to society and its values, and have understood the importance of their contribution into social, environmental and economic issues. Globally, CSR is considered as narrower part of international business ethics and with regard to accession of multinational companies as well as small and medium sized enterprises, and its importance is increasing. Many of those companies perceive CSR as the factor increasing their competitiveness in the business environment. From this point of view, we stated the main goal of submitted article like the evaluation how can we see the corporate social responsibility within its application in business practice. For the evaluation, we used the material, which consists from primary data and secondary data. All data were elaborated by the statistical methods. The main part of this article includes the description of the questionnaire evaluation including tables, graphs and statistical evaluation of our three set research hypotheses. In conclusion, we evaluate the overall results of our practical research and propose recommendations for the future. The research results show how the interviewed people in the company have been evaluated according to the characteristics, benefits, reasons and consideration of CSR. Keywords: Corporate Social Responsibility, small and medium sized enterprises, multinational companies, business practice Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 339-346 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010339 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010339.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010339.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0038.txt Handle: RePEc:mup:actaun:actaun_2017065010339 Template-Type: ReDIF-Article 1.0 Author-Name: Hana Urbancová Author-Workplace-Name: Department of Management, Faculty of Economic and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 21 Prague 6 - Suchdol, Czech Republic Author-Name: Martina Fejfarová Author-Workplace-Name: Department of Management, Faculty of Economic and Management, Czech University of Life Sciences Prague, Kamýcká 129, 165 21 Prague 6 - Suchdol, Czech Republic Title: Factors Influencing Age Management in Organisations in the Czech Republic Abstract: This paper deals with the topical issues of age management and population ageing in the Czech Republic and Europe. The main objective of the paper is to evaluate the importance of individual visions of age management according to Ilmarinen (2006) and Cimbálníková et al. (2012) in organisations in the Czech Republic and to identify factors that influence the implementation of individual visions in the organisation. The primary data (n = 549) was collected by means of a questionnaire technique. The research results have shown that the most important visions are as follows: (1) a fair attitude towards age, (2) knowledge about age issues and (3) a happy life and motivation. In order to evaluate the implementation of age management visions, a factor analysis was performed, on the basis of which two significant factors were identified: (1) organisational culture and (2) job performance and relationships. Based on the research results, organisations are recommended to focus on continuous analysis of their organisational culture, to adapt to changes in their environment, also to implement an effective employee performance appraisal system, and to explore the development of employees and relationships among generations of employees with emphasis on eliminating ageism. Keywords: age management, demographic changes, visions, factors, organisation, survey, Czech Republic Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 347-356 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010347 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010347.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010347.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0039.txt Handle: RePEc:mup:actaun:actaun_2017065010347 Template-Type: ReDIF-Article 1.0 Author-Name: Hana Urbancová Author-Workplace-Name: Department of Human Resources, University of Economics and Management, Nárožní 2600/9a, 158 00 Prague 5, Czech Republic Author-Name: Markéta Šnýdrová Author-Workplace-Name: Department of Human Resources, University of Economics and Management, Nárožní 2600/9a, 158 00 Prague 5, Czech Republic Title: Remuneration and Employee Benefits in Organizations in the Czech Republic Abstract: In today's highly competitive environment, the goal of organizations is to recruit, retain and sufficiently stimulate employees to give high quality performance, which may actually be achieved by a well-developed system of remuneration and a wide range of suitably selected employee benefits. The article aims to identify and evaluate important factors influencing the area of employee remuneration and benefits offered in organizations in the Czech Republic. The research was carried out through a questionnaire survey that involved selected organizations in the Czech Republic (n = 402). The obtained primary data were processed using descriptive and multidimensional statistics. The factors examined in relation to the employee remuneration and benefits include: industries and sectors of organizations; markets in which they operate; the size of organizations by the headcount; the existence or absence of the Human Resource Department. The results confirm that the organizations that want to maintain a good position in the labour market pay attention to their personnel marketing, which is also helped by the right (suitable) system of employee remuneration and fringe benefits thanks to which they retain their employees and can increase employee satisfaction and loyalty. Employee benefits are exactly what may distinguish the organizations from their competitors in the labour market. Keywords: cafeteria system, employees, employee benefits, organization, remuneration, retention, stimulation Journal: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis Pages: 357-368 Volume: 65 Issue: 1 Year: 2017 DOI: 10.11118/actaun201765010357 File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010357.html File-Format: text/html File-URL: http://acta.mendelu.cz/doi/10.11118/actaun201765010357.pdf File-Format: Application/pdf X-File-Ref: http://acta.mendelu.cz/RePEc/mup/references/acu-201701-0040.txt Handle: RePEc:mup:actaun:actaun_2017065010357