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The be ha vi our of se lec ted Eu ro pean stock in di ces in the pe ri od 2001-2005 was ana ly sed. UKX (GB), DAX (Ger ma ny), CAC (Fran ce) and MI B TEL (Ita ly) re pre sen ted well es ta blished West Eu ro pean mar kets, whe re as PX-50 (Czech Re pub lic), SKSM (Slo vak Re pub lic), BUX (Hun ga ry) and WIG (Po land) were the exam ples of Cen t ral Eu ro pean emer ging ones. The sub ject of this ana ly sis were lo ga ri thmic dai ly re turns com pu ted from clo sing va lues of cor re spon ding in di ces. Cross cor re lati on functi on re a ched ty pi cal va lues 0.7 (West Eu ro pe) and 0.4 (Cen t ral Eu ro pe) ex cep ting the Slo vak Re pub lic. The pat terns of both com mon and so li ta ry mo ve ments were re ve a led with the use of prin ci pal com po nent and clus ter ana ly sis. To es ta blish some dy na mi cal re lati ons in re turn time-se ries, vec tor au to re gres si on mo dels and Gran ger causa li ty tests were em ployed. As for West Eu ro pe, the causal cha in UKX_MI B TEL_DAX_CAC was re ve a led. On the other hand, the form of this cha in for Cen t ral Eu ro pe was PX-50_BUX_WIG. Fi nal ly, the be ha vi our of both BUX and WIG re turns was strong ly de ter mi ned by all West Eu ro pean coun ter parts. Key words: stock in di ces, re turn mo del ling, fi nan cial time se ries, Gran ger causa li ty JEL Clas si fi cati on: C32, G15

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Evropská komise defi novala novou desetiletou strategii, jež má následovat lisabonskou strategii. Nová strategie se nazývá Strategie pro inteligentní a udržitelný růst podporující začlenění (European Commission 2010b) a defi nuje směr, kterým se mají evropské státy ubírat a cíle, jež mají být dosaženy do roku 2020. Bylo stanoveno pět hlavních cílů:

Humanitarian workers operate in complex environments with various challenges and demanding working conditions. These challenges put aid workers in a range of risks and under the pressure. However, human resources are crucial for success of humanitarian operations in general. At the same time, each humanitarian operation is reliant on logistics and logistics activities are always connected with logistic staff. Understanding what motivates logisticians to join the humanitarian sector is essential information for humanitarian organizations and for recruiters within. Also, knowing which factors influence motivation and job satisfaction of humanitarian logisticians could help the organizations to struggle with the extremely turnover they have to face. Up to this moment, needed skills and the performance of humanitarian logisticians were examined. Also, the motivators of humanitarian workers are covered in previous research. Therefore, the additional aim of this research is to extend the knowledge about the human resources in humanitarian sector as well.