UDC: 658.14 Keywords: determinants of capital structure – extent of leverage – listed companies in the Czech Republic Determinants of Capital Structure Empirical Evidence from the Czech Republic Patrik BAUER* The modern theory of capital structure was established by Modigliani and Miller (1958). Thirty-seven years later‚ Rajan and Zingales (1995‚ p. 1421) stated: “Theory has clearly made some progress on the subject. We now understand the most important departures from the Modigliani and
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morning to find himself changed into a giant bug. The story of Gregory’s misfortune begins with a climax‚ the transformation from human to insect and then slowly descends from there to Gregory’s ultimate death. The author‚ Franz Kafka‚ born in Prague grew up with a pressuring father‚ driving him to be a business man. Kafka not only pursued his fathers’ dreams but also his own. He states in a journal entry “at the office I fulfill my obligations outwardly‚ but not my inner ones‚ and every unfulfilled
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Electra aircraft joined the fleet‚ enabling the launch of a service to Hong Kong. In 1965‚ Garuda Indonesia was the first airline from Southeast Asia to offer intercontinental jet service from Jakarta to Amsterdam via Colombo‚ Bombay‚ Rome‚ and Prague. The flight was aboard the technologically advanced Convair 990A aircraft. This four-engine jet was the first commercial airliner to be equipped with turbofan engines and still holds the record
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1880 The family move to Munich 1881 His sister Maja (Maria) is born 1884 The Compass - When he was only five years old his father showed Albert a pocket compass and he was fascinated by the thought that something unseen was moving the needle 1885 -1888 The Einstein family did not observe Jewish religious practices and Albert attended a Catholic elementary school 1889 Albert Einstein is introduced to a family friend called Max Talmud who introduced the boy to books on science and mathematics
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In 1948 the people of Europe grew weary of the corruption and economic problems within their governments. France was the first to act and soon the rest of Europe followed. Metternich once said that “When France sneezes the rest of Europe catches cold”. Austria was another country that was not pleased with their government and status of social classes. The driving force behind the revolutions in Europe was the ideologies of nationalism and liberalism. Nationalism is the pride in one’s own national
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Artificial Life “There are three great events in history. One‚ the creation of the universe. Two‚ the appearance of life. The third one‚ which I think is in equal importance‚ is the appearance of Artificial Intelligence (Guzeldere‚ 2005).” Since before the Common Era‚ efficiency in work has been tackled by the scholarly geniuses who have moved us forward into the scientific generation we are today. They have tried to quantify and imitate the infinite processes that our human minds create. Their
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An outline of the history of linguistics • Hindu Tradition o Had its origins in the 1st millennium BC o Stimulated by changes in Sanskrit o Panini (c. 500 BC) is the best known grammarian o Panini’s grammar of Sanskrit covered phonetics and morphology • The Greek Origin o The Greek tradition of linguistics developed in response to Homer’s epics. The Greeks founded the European tradition. o IMPORTANT THEMES IN THE GREEK TRADITION INCLUDE: The origin of language Classification of
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University’s efforts to discipline political activists at the Sorbonne in Paris (The McGraw-Hill Companies‚ 2005). Students of Czechoslovokia rebelled against the domination of the Soviet Union. This type of rebellious act came to be known as the Prague Springs. Soon the soviet’s sent in tanks that brought the student’s protesting to an end (The McGraw-Hill Companies‚ 2005). The majority of the time when these students were protesting they were unarmed. Most of the killing and wounding came from
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as G. intestinalis or G. duodenalis and was first observed by Anton van Leeuwenhoek in 1681. Anton van Leeuwenhoek also invented the microscope. It was named in 1915 for the two scientists who studied it: Prof. A. Giard in Paris and Dr. F. Lambl in Prague. There are species of Giardia other than Giardia lamblia that infect small rodents‚ amphibians‚ birds‚ and fish‚ but are not passed on to humans. Once Giardia attaches itself to the lining of the intestine it begins to feed and reproduce‚ causing
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Jan Hus From “The Church” Jan Hus was a Czech Roman Catholic preacher and writer in Prague. His teachings were influenced by the English theologian Wyclif. Wyclif was one of the earliest opponents of papal authority influencing political power; he started anticlerical and biblically centered reforms known as the Lollard Movement. The Lollard Movement was a precursor to the protestant reformation. Likewise‚ Hus called for radical reforms in the church. Of primary concern to Hus was the designation
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