Working papers


Would you like to get feedback on your manuscript before you try to publish it in a journal? The Research Centre of the Faculty of Business and Economics at Mendel University in Brno encourages Ph.D. students, young researchers as well as experienced academics to submit their manuscripts in the form of working papers to MENDELU Working Papers in Business and Economics. The Faculty of Business and Economics is a member of RePEc (Research Papers in Economics) - the largest bibliographic database dedicated to economics. The copyrights remain with the authors. Accordingly, the working papers do not prevent any further publication of the manuscript in scientific journals. Manuscripts from all fields of economics, business and management can be considered for publication in the working papers series.

How to submit

Send your working paper to the executive editor Luděk Kouba ( according to the instructions below.

Instructions for authors are available here

The template in Word is available here

The template in LaTeX is available here

Working papers are available on


List of working papers



  • Working paper No. 77/2021:

    Hanousek, J., Pantzalis, Ch., Park, J. Ch. (2021). Political Insider Trading: A narrow versus comprehensive approach

  • Working paper No. 76/2021:

    Bradley, D., Hanousek, J., Jame, R., Xiao, Z. (2021). Place your bets? The market consequences of investment advice on Reddit’s Wallstreetbets



  • Working paper No. 75/2018:

    Kapounek, S., Kucerova, Z. (2018). Historical Decoupling in the EU: Evidence from Time-Frequency Analysis

  • Working paper No. 74/2018:

    Huber, P., Montag, J. (2018). Homeownership, Political Participation, and Social Capital in Post- Communist Countries and Western Europe

  • Working paper No. 73/2018:

    Vanek, P., Korab, P. (2018). Determinants of Deposit and Credit Euroization in Eastern Europe: A Bayesian Model Averaging Evidence



  • Working paper No. 72/2017:

    Hrabalova, E., Vavrova, E., Hampel, D. (2017). New approaches to regulating insurance markets in the European Union in the aftermath of the financial crisis

  • Working paper No. 71/2017:

    Bukovina, J. (2017). The attention of a society towards corporate brand name and its determinants within the information-rich economy



  • Working paper No. 70/2016:

    Madr, M. (2016). Economic Development as a Factor of Democratisation: Evidence from Post-Socialist Economies

  • Working paper No. 69/2016:

    Kapounek, S. (2016). The Impact of Institutional Quality on Bank Lending Activity: Evidence from Bayesian Model Averaging

  • Working paper No. 68/2016:

    Korab, P. (2016). Access to Credit and Unconventional Monetary policy in the Eurozone after the Financial Crisis

  • Working paper No. 67/2016:

    Darena, F., Petrovsky, J., Zizka, J., Prichystal, J. (2016). Analyzing the correlation between online texts and stock price movements at micro-level using machine learning

  • Working paper No. 66/2016:

    Obeng, I. K. E. (2016). Delaying payments after the financial crisis: evidence from EU companies

  • Working paper No. 65/2016:

    Darena, F., Zizka, J. (2016). Ensembles of Classifiers for Parallel Categorization of Large Number of Text Documents Expressing Opinions

  • Working paper No. 64/2016:

    Olbrecht, V. (2016). Harmonised Standards and Firm Productivity: Difference-in-Differences Evidence 

  • Working paper No. 63/2016:

    Kajurova, V., Hvozdenska, J. (2016). Linkages between CDS, bond and stock markets: Evidence from Europe

  • Working paper No. 62/2016:

    Stejskalova, J. (2016). Impact of the information on tax burden on the stock market

  • Working paper No. 61/2016:

    Olbrecht, V. (2016). Effect of the Service Directive on Wholesale and Retail Companies: Diff in Diff in Diff Evidence

  • Working paper No. 60/2016:
    Krutilova, V. (2016). Access to Health Care and the Out-of-Pocket Burden of the European Elderly
  • Working paper No. 59/2016:
    Bremberger, F., Hochholzer, R., Huber, P. (2016).  Labour turnover, employment density and employer provided training: Evidence from Vienna
  • Working paper No. 58/2016:
    Bukovina, J., Marticek, M. (2016). Sentiment and Bitcoin Volatility
  • Working paper No. 57/2016:
    Bukovina, J. (2016). Social Media and Capital Markets – an Overview



  • Working paper No. 56/2015:
    Bukovina, J. (2015). Sentiment of a society and large-cap stock liquidity
  • Working paper No. 55/2015:
    Lastuvkova, J. (2015). Dimensions of liquidity and their factors in the Slovenian banking sector
  • Working paper No. 54/2015:
    Semerad, P. (2015). How to stop VAT frauds on the fuel market: a usual price rule
  • Working paper No. 53/2015:
    Bukovina, J. (2015). Sentiment and blue-chip returns. Firm level evidence from a dynamic threshold model
  • Working paper No. 52/2015:
    Gottwald, R. (2015). The Forecasting of Spot Exchange Rates Based on the Forward Exchange Rates
  • Working paper No. 51/2015: 
    Laštůvková, J. (2015). Determinants of the Slovak bank liquidity flows



  • Working paper No. 50/2014: 
    Reznakova, L., Kapounek, S. (2014). Is There a Credit Crunch in the Czech Republic?
  • Working paper No. 49/2014:
    Stavárek, D., Miglietti, C. (2014). Effective Exchange Rates in Central and Eastern European Countries: Cyclicality and Relationship with Macroeconomic Fundamentals
  • Working paper No. 48/2014:
    Huber, P., Rahimov, U. (2014). Formal and Informal Sector Wage Differences in Transition Economies: Evidence from Tajikistan
  • Working paper No. 47/2014:
    Laštůvková, J. (2014). Liquidity management strategies in the Czech banking sector
  • Working paper No. 46/2014:
    Kouba, L., Pitlik, H. (2014). I wanna live my life: Locus of Control and Support for the Welfare State
  • Working paper No. 45/2014:
    Kučerová, Z., Poměnková, J. (2014). Financial and Trade Integration of Selected EU Regions: Dynamic Correlation and Wavelet Approach
  • Working paper No. 44/2014:
    Kapounek, S., Králová, J. (2014). Financial Instability and Money Velocity: Evidence from Financial Crisis
  • Working paper No. 43/2014:
    Montag, J. (2014). What Drives the Gender Gap? An Analysis Using Sexual Orientation.