The agricultural sector has the most efficient management of state receivables in the Czech Republic
Karel Zeman, Jan Hronhttps://doi.org/10.17221/257/2016-AGRICECONCitation:Zeman K., Hron J. (2018): The agricultural sector has the most efficient management of state receivables in the Czech Republic. Agric. Econ. – Czech, 64: 61-73.
The article’s objective, which is to identify the causes of the very poor level of management of the administration of these state assets, to present the possibilities of a long-tested experimental model at the Land Fund of the Czech Republic, and to draw attention to this model’s potential in its possible implementation in administration of the entire management complex of these state assets in the Czech Republic. The authors first dealt with the theoretical aspects of the given issue, and then prepared an analysis of the original debt collection management “system”. This is logically followed by an analysis of the experimental model’s efficiency, rounded off with its conclusions. The final chapter contains the results of the research aimed at the current level of knowledge of the examined issue in compressed form, further the outcomes of the research concerned with original unsystematic debt collection management, also results of the implementation of the experimental model, and the assessment of the significance belonging to the results of implementing the experimental model for the entire national economy of the Czech Republic.Keywords:
analysis, effectiveness, efficiency, experimental model, recovery ratio, state assetsReferences:
Akerlof George A. (1970): The Market for "Lemons": Quality Uncertainty and the Market Mechanism. The Quarterly Journal of Economics, 84, 488- https://doi.org/10.2307/1879431Anderson E.R. (1992): New department speeds up government receivables. Business Credit, 94 (3).Bertalanffy L. von (1975): Perspectives on General Systems Theory. Scientific-Philosophical Studies. George Braziller, New York.Blanchard K.H., Zigarmi P., Zigarmi D. (1985): Leadership and the One Minute Manager: Increasing Effectiveness through Situational Leadership. Morrow, New York.Dolfsma Wilfred (2011): Government Failure — Four Types. Journal of Economic Issues, 0, 593-604 https://doi.org/10.2753/JEI0021-3624450304Dowd K. (2009): Moral hazard and the financial crisis. Cato Journal, 29: 141–166.Hollander E.P. (1978): Leadership Dynamics: A Practical Guide to Effective Relationships. The Free Press, New York.Hersey P. (1985): The Situational Leader. Warner Books, New York.LF CR (1994–2010): Annual Reports of the Land Fund of the Czech Republic. Available at http://www.spucr.cz/dokumenty-ke-stazeni/archiv-dokumentu-pf-cr/archiv-dokumentu-pf-cr.html (accessed Feb 21, 2014).Mark S. (2009): Asymmetrical information. In: Princeton Encyclopedia of the World Economy 2009: 89–94.McNamara C. (2015): Historical and Contemporary Theories of Management. Available at http://managementhelp.org/management/theories.htmMeier Kenneth J., Polinard J. L., Wrinkle Robert D. (1999): Politics, Bureaucracy, and Farm Credit. Public Administration Review, 59, 293- https://doi.org/10.2307/3110112Pauly M.V. (1968): The economics of moral hazard: Comment. The American Economic Review, 58: 531–537.Rubinstein Ariel, Yaari Menahem E (1983): Repeated insurance contracts and moral hazard. Journal of Economic Theory, 30, 74-97 https://doi.org/10.1016/0022-0531(83)90094-7Sandmo Agnar (1999): Asymmetric Information and Public Economics: The Mirrlees-Vickrey Nobel Prize. Journal of Economic Perspectives, 13, 165-180 https://doi.org/10.1257/jep.13.1.165Semmler W., Greiner A., Diallo B., Rajaram A., Rezai A. (2011): Fiscal policy, public expenditure composition and growth. Theory and Empirics. Aestimatio, The IEB International Journal of Finance, 2: 48–89.Severová L., Chromý J., Sekerka B., Soukup A. (2018): Microeconomic aspects of government subsidies in the agricultural market. Agricultural Economics (Zemědělská ekonomika), 58, 542-548 https://doi.org/10.17221/212/2011-AGRICECONStiglitz Joseph E (1983): Risk, Incentives and Insurance: The Pure Theory of Moral Hazard. The Geneva Papers on Risk and Insurance - Issues and Practice, 8, 4-33 https://doi.org/10.1057/gpp.1983.2Stiglitz J. (1991): The Public Sector Economy. Grada, Prague.Zeman K. (2015): Analysis of the Privatization Process in the Czech Republic. Karolinum Publishing House, Prague.Zeman K. (2016): State receivables – a destructive factor of the fiscal policy of the Czech Republic. Political Economics, 64: 264–292.