Keynote Speaker I
Prof. Jiří Strouhal
University of Economics Prague, Czech Republic
Jiří Strouhal is full professor at the Departmet of Finance and Accounting at Škoda Auto University Mladá Boleslav, Czech Republic. He gained his Ph.D. degree at the University of Economics Prague in 2005, associate professorship (habilitation) in 2012 and full professorship being named by President of the Czech Republic in 2016. He also acts as professional advisor in the field of accounting and corporate finance and since 2011 he is a President of Association of Czech Professional Accountants. His research interests cover: international accounting, financial statements analysis and corporate finance.
Keynote speech title: 44 years of “London-based” international accounting harmonisation
Abstract: In June 1973 was established International Accounting Standards Committee forerunner of International Accounting Standards Board (IASB). The major aim of IASB is to develop, in the public interest, a single set of high-quality, understandable, enforceable and globally accepted accounting standards (IFRS).
Within 44 years of its history IASB became leader in accounting harmonisation in the world and financial statements based on IFRS are accepted even within US stock market. IFRS based financial statements are required by many jurisdictions mainly for listed companies (e.g. in Europe required since 2005). Despite of this success there may be mentioned some difficulties with IFRS for SMEs, standard what was primarily prepared for the use by small-and-medium-sized enterprises. Based on EFRAG decision this standard is strictly prohibited by EU, also certain big standards are not widely accepted by EU (e.g. standards for financial instruments).
Major issue of accounting harmonisation is the wide spread of fair value approach around the world. Here arises one significant question – is it really appropriate to use this market measure at non-active or underdeveloped markets? This question is significant because of the fact that more and more IFRS standards requires fair value as major (or alternative) measurement base.
Keynote Speaker II
Prof. Daryl L. Hale
Dept. of Philosophy and Religion, Western Carolina University, USA
Daryl L. Hale is Associate Professor in the Department of Philosophy & Religion at Western Carolina University. Regular courses taught include Kant & Early Modern Philosophy, Classical & Late Antiquity, Medieval & Reformed Thought, History of Early Christianity, Global Justice, and Religion & Science. His manuscript Stoics and Epicureans (read by Lynn Redgrave) led to his article “’Our Master Epicurus: Thomas Jefferson’s Philosophical Vision for America’, and upcoming book. He also published an article on the neo-Platonic philosopher, Proclus. He reviewed the book, Debating Christian Theism, ed. J. P. Moreland, Chad Meister, Kharhoun Sweis (Oxford, 2013), in International Journal of Philosophy of Religion, Spring 2014.
Keynote speech title: Long Walks to Freedom or Royal Roads to Serfdom? How History can Inform our Culture and Deepen our Humanity
Abstract: ‘Roads to Freedom or Serfdom? History, Humanity, & Flourishing Societies’ “Freedom” is one of the most used but least understood words in our modern moral and political vocabulary. In recent American political usage, traditionalist libertarians have co-opted the word to protect individual freedoms while protesting communal concerns with equality. This paper argues that we can recover a strong sense of authenticity, as found in Charles Taylor’s work, that empowers individual creativity without their being absorbed into narrowly construed consumer choice options or shallow individualism. Amartya Sen discerns a moral depth in the historical succession of thinkers from Adam Smith through the present that argues for social justice as complementing a flourishing sense of freedom.
Assoc. Prof. Marek Matejun
Lodz University of Technology, Poland
Marek Matejun PhD, DSc is an associate professor at the Department of Management in the Faculty of Organization and Management at Lodz University of Technology in Poland. Currently he also holds the position of Vice-Dean of Science and International Cooperation. His interests focus on entrepreneurship and small business management, modern concepts and methods of management, strategic management and research methodology in management sciences. He is the author or co-author of over 150 research publications. He took part in many research projects and also in research fellowships in universities in the United Kingdom (2016), Belgium (2013) and Czech Republic (2013). He is a member of the Academy of Management (AOM), the European Council for Small Business and Entrepreneurship (ECSB), and the Polish Economic Society (PTE). He is editor in chief of polish scientific journal “Economic Studies of the Lodz Region” and associate editor of “World Journal of Management”, Australia. He lectures and holds seminars on the fundamentals of management and small business management at the faculty of management. He also oversees the “People-Business-Technologies” Student Research Society.
Keynote Speech Title: Statics and dynamics in the organizational life cycle of small business: theoretical model and empirical evidences
Abstract: Organizational life cycle models are used to describe, interpret and predict the course of development phases for modern enterprises. Some of them include the specifics of small business, which is especially useful to describe the development of micro, small and medium-sized enterprises (SMEs). Despite the considerable conceptual differentiation of these models it is possible to distinguish certain phases of development characteristic for small business. One of the criteria to separate these phases may be specification of static and dynamic ones, expressing variation of the intensity of development processes, market activity and investment. This static and dynamic approach to organizational life cycle is useful and powerful theoretical tool explained specific causes, conditions and effects of small business development processes.
Taking this into account the purpose of the lecture is to identify, assess and introduce the theoretical fundamentals, the specific nature and own 8 phases research model of statics and dynamics in the organizational life cycle of small business. Additionally it contains two empirical evidences of using this model to describe and interpret: (1) scope of using of development-supporting instruments by SMEs and (2) range of engagement in human capital development in SMEs including the mediating effect of the resources level in companies. These empirical evidences base on survey research conducted on two samples of: 1,741 micro, small and medium-sized enterprises from European Union and 356 SMEs from Poland. In general, the results indicate that using of development-supporting instruments and concentration of higher level of resources on human capital development level is higher in dynamic phases of organizational life cycle of small business.