Entrepreneurship and Sustainability Issues is a peer-reviewed journal which publishes original research papers and case studies

The value-based concept of measuring business performance has its theoretical basis in economic profit. The idea of economic profit is based on the existence of opportunity costs that are very well known in the economic theory. The article deals with measurement of the economic profit by the Economic Value Added indicator. It points out, that when considering the economic profit and its measurement one must first distinguish the theoretical basis of the concept, forms of application and possibilities of application in practice. The gathered data and the transformation of this data from the form provided by the accounting into the desired patterns, respectively into the structures of Economic Value Added plays a key role in these processes. The aim of this paper is to present one of the possible methods of calculating the EVA indicator in conditions of Slovak companies and accounting legislation in Slovakia. Primary data as well as secondary data were used for the purpose of this paper, along with various methods such as analysis, synthesis, deduction, etc

Background and Purpose: Behavioural finance is a relatively new, but rapidly evolving field that provides explanations of an economic decision-making by cognitive psychology, conventional economic and financial theory. Behavioural finance searches the influence of psychology on the behaviour of financial practitioners and the subsequent effects on the financial markets. The purpose of the paper is the research on behavioural aspects of financial decision-making as they help explain why and how markets might be inefficient. Design/Methodology/Approach: Fuzzy logic is an excellent tool for working with linguistic variables that are often found when working with behavioural data. Thus, we analyse the financial decision-making process from the perspective of behavioural finance aimed at better understanding of the decision-making process of investors applying the principles of fuzzy logic to solve various financial problems. Results: The results of the study indicate that fuzzy logic is applicable when solving problems of financial management and financial decision-making problems. The urgency of the fuzzy logic application for managerial and financial decisions should be emphasized. Research in this area indicates that in some cases, as in the case of behavioural financing, the use of fuzzy logic is far more suitable than the use of other methods (Peters, Aguiar and Sales). Conclusion: The novelty of the paper is to extend the application of fuzzy sets in the area of financial decision-making. The paper demonstrates that despite the fact, that fuzzy logic is currently used mainly in technical directions, it is applicable also in financial management, especially, in cases where it is necessary to consider the influence of human and the occurrence of linguistic variables.

The aim of this article is to determine the store (point of sale) which best fits to Slovak consumers. The purpose of the article is to relieve the usefulness and importance of the multi criteria methods of decision making used by Slovak traders to recognize which strategy to adopt to be able to meet the needs of consumers, to achieve the relevant turnover and to succeed in the competitive environment. In the article were used the methods of logical and comparative analysis, synthesis, deduction, induction, description, excerption and multi criteria discrete methods. As two different methods were applied (TOPSIS and WSA) and the results were almost the same, the decision-maker can choose which one to use to organize its business activities

Entrepreneurship and Sustainability Issues is a peer-reviewed journal which publishes original research papers and case studies