Dear readers,

time has passed by, and we are offering you to read the new issue of ACTA VŠFS journal. We have encountered one personal change – our editor-in-chief, Petr Wawrosz finished in its role and passed the scepter to me. I would like to thank Petr for his work at ACTA, as he significantly contributed to the journal’s development during recent years, both as editor-in-chief and member of the executive board. I do not consider it as a formal farewell, but he really left his trail at the journal’s shaping and focus and helped to improve the quality of its content.

Because of my new role, the place of executive editor has been vacated and I welcomed that a colleague of mine, Naděžda Petrů, had agreed to collaborate with me on the journal. Because she has a different research/scientific profile than me, she can help to improve and widen the process of articles’ selection and I hope this will pay off during the future issues.

We have prepared four articles for you in this issue.

The first one, “Audit committee characteristics and environmental disclosure among Nigeria listed non-financial firms”, comes from afar and looks at the influence of audit committee characteristics on corporate environmental disclosure. The study found evidence of the critical role of audit committee characteristics in the disclosure of environmental information by Nigerian listed non-financial companies. Therefore, the authors recommend that efforts should be made to encourage a higher composition of female and independent members on the audit committee.

The second one titled “Correlation between the ECB Pandemic Policy and the STOXX Europe 600 Sector Performance Sensitivity” is by a German co-author and focuses on financial markets related to central banking. The results confirm a correlation for the selected sectors, indicating a possible general sensitivity for the entire period under investigation. On this basis, further research on sectors and variables such as inflation and a comparison with Fed interest rates and the S&P 500 is recommended.

The third paper “Linkages between property prices and macroeconomic determinants: evidence from Germany” is also by a German author. It takes into account that property prices currently play an important role on the financial markets, but also exhibit significant macroeconomic correlations. On the one hand, the results confirm a positive relationship between real estate prices and real GDP. On the other hand, a negative correlation was found for real short-term interest rates and inflation. No significant relationships were found between real estate prices and the unemployment rate or long-term interest rates, despite a culture of long-term fixed interest rates in Germany.

The fourth paper titled “Relations between development of e-government and government effectiveness, control of corruption and rule of law in 2010–2020: a cluster analysis” comes from Czech author. Its aim is to compare the progress of e-government between 2010 and 2020 in the member states of the European Union based on selected global indices. It is an interesting topic researched on international comparative basis. The best results in this area are achieved by the states in the north of the EU (for example, Denmark, Finland and Sweden), on the contrary, the worst results are achieved by the states in the east of the EU (for example, Bulgaria and Romania).

One more change is, that this issue is published in physical form, but since the next issue we shall have published our journal in electronic form only. That is a big shift of the form of publishing, but it corresponds with current trends in journals’ development and good practice. The readers can also register at the website for email notification that they receive when the new issue is released. So, the convenience and content for the reader will remain the same, even if the physical form vanishes.

I hope that you’ll remain faithful to our journal. I wish you a pleasant reading and Happy New Year 2024!

Doc. Ing. Jan Mertl, Ph.D.
Editor-in-chief of ACTA VŠFS