Corporate social responsibility is in the focus of many companies in recent years. It becomes a way of sustainability for many companies on the market. It expresses a voluntary commitment of companies to behave responsibly to their surroundings within three pillars: economic, social and environmental one. The issue of social responsibility is developing in many European countries and European Commission is aiming at supporting national CSR strategies. CSR activities can be focused on philanthropy, the care of the employees, the environment and transparency of economic activities. This paper describes the certifi cation process for CSR, namely SA8000 and focuses on states with the higest number of certifi ed companies. A er European Italy, it is India which is in the centre of attention and specifi cally with respect to child labor.

Financial performance of agricultural enterprises is discussed mainly in relation to agricultural subsidies policy of the Government. Agriculture is undoubtedly a specific sector of the national economy because the market conditions do not ensure a settlement of production costs of agricultural commodities. Than the most of agricultural enterprises have negative financial performance measured with the Economic Value Added (EVA).The aim of this paper is to identify and determine the main factors influencing the value of the EVA indicator in agricultural enterprises while the analysis is focused especially on four variables directly entering the calculation of economic value added. But the fact that these four variables are functions of other variables has to be also taken into account. Constructed multi-dimensional regression model corresponds with the fundamental logic of the calculation of economic value added. It has been observed that the strongest influence on the value of EVA stands on the side of operating profit. But in agricultural enterprises, the important part of this profit consists just in the agricultural production subsidies. This way, these subsidies become the substantial part of the performance of agricultural enterprises.

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BERANOVÁ, M., BASOVNÍKOVÁ, M., MARTINOVIČOVÁ, D.: Problematic aspects of the economic value added measure in environment of the Czech Republic. Acta univ. agric. et silvic. Mendel. Brun., 2010, LVIII, No. 6, pp. 59-66 The EVA indicator has been constructed in the recent past as a reaction to requirements of the new economic environment. As the EVA indicator has been introduced by Stewart Stern & Co. in the early nineties, past two decades many economists have been discussing the pros and cons of EVA application as well as various adjustments needed to calculate some relevant result. A range of attitudes to the adjustments to accounting data towards economic data exist there. As the indicator of economic value added is considered to be a criterion of company's real economic performance it is necessary to be very careful at applying encouraged adjustments. In this article, the authors compare and discuss these adjustments advised in order to reach some ideal number. Accounting diff erences of US GAAP, IFRS and Czech Accounting Standards are taken into consideration. accounting standards, capital, economic profi t, EVA, operating profi t, WACC Ukazatel ekonomické přidané hodnoty (EVAEconomic Value Added) byl zkonstruován v USA na počátku 90. let 20. století poradenskou společ-ností Stern Stewart & Co., a to jako nástroj pro řízení a oceňování podniku. Stewart (1991) sám defi noval ekonomickou přidanou hodnotu jako provozní zisk snížený o náklady kapitálu použitého pro dosažení tohoto zisku.Za hlavní cíl podnikání bylo dlouhou dobu považováno dosahování zisku. Tento cíl lze přijmout i v současnosti, avšak v současných podmínkách ekonomického myšlení je nezbytně nutné rozlišovat mezi ziskem účetním a ziskem ekonomickým. Účetní zisk je rozdílem mezi účetními výnosy a účetními náklady. Oproti tomu jsou v zisku ekonomickém zohledněny i ekonomické náklady, tj. náklady oportunitní. V tomto případě se jedná zejména o náklady na vlastní kapitál, který byl vložen do podniku a je zde zhodnocován určitým způso-bem, zatímco by mohl být použit a zhodnocen jinak. Je tedy zřejmé, že ekonomický zisk vzniká až v případě, kdy výnosy převyšují náklady účetní i ná-klady ekonomické. Ukazatel EVA je tak chápán jako čistý výnos provozní činnosti podniku snížený o ná-klady kapitálu (Matyášová, 2003).