Czech National Accounting Board

Affiliated bankers on board and conservative accounting

We examine the tradeoff between having affiliated bankers on board and conservative accounting for mitigating debtholder-shareholder conflicts. We argue that affiliated bankers on board provide lenders with private information and control rights, thereby lowering debtcontracting demand for conservatism in public financial reports. We find that firms with affiliated bankers on board have lower c...

Affiliated Banker on Board and Conservative Accounting

We examine the effect of lending banks’ board representation (affiliated banker on board, or AFB) on conservative accounting. We argue that private information obtained through board representation enhances the monitoring and the influence of lenders and therefore reduces their demand for conservatism-facilitated debt contracting. Consistent with our hypothesis, we find that conservatism is mar...

Sustainability and National Accounting

Of the Czech National Bank

With EU accession looming, a new chapter has been opened in the debate about the candidate countries’ exchange rate strategies. A heated discussion has arisen in relation to ERM2 membership. The experience of the present eurozone members with ERM/ERM2 membership shows that none of them faced a significant challenge in the two-year “evaluation” period in terms of the exchange rate stability conv...

Czech National Cancer Screening Programmes in 2010.

BACKGROUNDS All three cancer screening programmes recommended by the Council of the EU are available to defined target age groups in the Czech Republic. Organized programmes for screening of breast, colorectal and cervical cancer have been initiated in the last decade. MATERIALS AND METHODS A system for information support, as an essential component of organized screening programmes, has been...