Valuation Journal
Valuation Journal
University of Economics, Prague

Publication Ethics

Publication Ethics and Malpractice Statement

The Valuation journal is committed to upholding the integrity of the work we publish. The prevention of publication malpractice belongs among the most important priorities and responsibilities of the Editorial Board of the Valuation journal. This Publication Ethics and Malpractice Statement describe the principles of ethical behaviour which are binding to all parties participating in the publication of Valuation journal.

Editor Responsibilities

Publication Decisions & Accountability

The editor (members of the editorial board) of a journal is responsible for deciding which articles submitted to the journal should be published, which will be consistent with the recommendations of the reviewers. The decision to accept or reject a paper is based on the paper’s academic merit, originality, clarity and its relevance to the journal’s scope without personal preferences. Moreover current legal requirements regarding libel, copyright infringement, and plagiarism are also considered.

Fair play

The editor at any time assess papers for their intellectual content without regard to race, gender, sexual orientation, religious belief, ethnic origin, citizenship, or political philosophy of the authors.


The editors themselves are committed not to pass any information about submitted manuscripts, correspondence and other interactions with authors and referees to anyone other than the corresponding author, reviewers, potential reviewers, other editorial advisers, and the publisher, as appropriate.

Disclosure and conflicts of interest

Unpublished materials disclosed in a submitted manuscript must not be used in an editor’s own research without the explicit written consent of the authors. The editorial independence should not be compromised by commercial or financial interests, or by any specific arrangements with advertising clients or sponsors. The editor should require all contributors to disclose relevant competing interests and take all measures against unfair practices, copyright infringement, plagiarism and other ethical misconduct. Moreover, the editor have the responsibility to publish corrections, clarifications, or apologies when needed.

Reviewer Responsibilities

Contribution to editorial decisions

Each submission is anonymously reviewed by two independent experts whose professional profile corresponds to the assessed contribution. This ensures the final high standard and quality of each accepted submission and also allows the editor make editorial decisions.

Confidentiality and promptness

Reviewers are obligated to treat submitted papers confidentially and commit to hand in the review within stipulated time. The manuscript must not be shown to or discussed with others except if authorized by the editor.

Standards of objectivity

Reviews should be conducted impartially, objectively, fairly and professionally. Personal criticism of authors is unacceptable. Referees are expected to provide adequately reasoned recommendations, express their opinion clearly, constructively with supporting arguments and avoid unjustified negative comments.

Acknowledgement of sources

Reviewers identify cases in which published work referred to in the paper has not been cited in the reference section and whether observations or arguments derived from other publications are accompanied by the respective source. Reviewers notify the editors in a timely manner in case there are concerns about ethical aspects of the work, possible plagiarism, fraudulent data or any substantial similarity or overlap between the manuscript under consideration and any other published data of which they are aware of.

Conflicts of interest

Peer-reviewers should exclude themselves from evaluating process in cases where there is a significant conflict of interest resulting from competitive, collaborative, or other relationships or connections with any of the authors, companies, or institutions associated with the papers.

Author Responsibilities

 Originality, plagiarism and acknowledgement of sources

Each paper submitted to the journal Valuation must be an original piece of work. In case the authors have used the work or words of others this needs to be appropriately cited or quoted. Any attempt at plagiarism will result in the rejection of the submitted paper. Authors are obliged to cite publications that have been influential in determining the nature of the reported work.

Multiple, redundant, or concurrent publication

Authors pledge that their paper has not been submitted for review in another journal and that it has not been previously published (exceptions are valid for academic yearbooks and conference papers).

Authorship of a manuscript

Authors must ensure that the manuscript does not violate any copyrights. All those who have made significant contribution to the work will be listed as co-authors. The corresponding author is responsible that all authors have agreed to be listed and approved the manuscript submission to the journal, and for managing all communication between the journal and all co-authors, before and after publication. The corresponding author is responsible for the accuracy of all content.

Disclosure and conflicts of interest

All authors have a responsibility to disclose interests that might appear to affect their ability to present data objectively. These include relevant financial, personal, political, or religious interests. All sources of financial support for the project should be disclosed.

Fundamental errors in published works

Authors have a responsibility to inform the journal promptly if they become aware of a significant error or inaccuracy in their own published work. They cooperate with the journal to either retract or correct the paper.



Eva Dufková – Nikola Foffová – Milan Hrdý – Petr Marek:
Comparison of European Firms Indebtedness

Jaroslav Šantrůček – Michal Dohányos:
Analysis of operating assets for the discounted cash flow model valuation – Part II.: Complex business valuation of the company


Lukáš Křístek:
Information after valuation date and when it can be used

Miloš Mařík – Jaroslav Šantrůček – Jiří Hlaváč:
Opinion on the proposals of Vladimír Kulil marked as “Income methods for business valuation – modern approaches“

Vlastimil Trávník:
Practical application of the NOPAT perpetual annuity method for business valuation