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Assessing the Synergistic Effects of the Selected Consolidated Entity
Schreiber, Adam ; Kubovic, Pavel (referee) ; Rajchlová, Jaroslava (advisor)
This diploma thesis is aimed at the issue of synergistic effects selected consolidated entities in the Czech Republic. The objective of this thesis is the evaluation of whether the synergic effects arise in selected concerns from "Wholesale trade, retail trade; repairs and motor retail trade" industry. The decision about the presence of synergistic effects is based on the comparison of values of selected indicators for parent company and the concern.
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FORMATION OF STRATEGY ALLIANCES INTO THE SEGMENT OF INFORMATION TECHNOLOGIES
Stojanová, Hana ; Němeček, Petr (advisor)
I engage in my dissertation thesis "Formation of strategy alliances into the segment of Information technologies" with problem of strategy alliance development into sector of information and communication technologies. Strategic alliances become an important factor impacting to the company behaviour, company competition advantages, new markets entering and dealing, sales strategy and channels definition as well as the form of marketing communication decision. The companies are deciding between two basic forms of behaviour, at current days. First form is focused to the independent strategy of compete fight, the second one is fosuced to the strategy of cooperation based on strategy allicances. I occupe by the questions delimitating development of strategy alliances, defining reasons and occasions of their establishement as well as current situation at this field, delimitate role and contribution of strategy partnership and aslo problems of practise application. The dissertation thesis are focused on the fullfilment of two basic goals, the congnitional and the inventive goal, buz first of all to the confirmation and/or disconfirmation of setted hypothesis. Due to the first congnitional goal I am analysing problems of multinational ICT companies strategy aliance development and then generalizing the problem. Due to the second inventive goal I am setting new metod of strategy aliance development. The sets hypothesis, as the main target of this work, openned the questions whether is possible to define the major tools and factors of strategy aliance success? If is possible to define the basic principles of strategy cooperation? Whether is possible to create simply applicable and in the same time higly effective method of strategy allicance developing?
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The influence of a legal form of merging on accounting and tax solution
Geršlová, Martina ; Vomáčková, Hana (advisor) ; Pospíšil, Jiří (referee)
The thesis is focused on the issue of merging via acquisitions and mergers. It proceeds through all the legal, taxation and accounting aspects. The thesis has been written in accordance with all valid legislation for the year 2016. It deals with a substantiality of merging and impacts on accountancy and tax obligations of the participating entities in merging. At the end of this thesis is an example of merger solved based on theoretical knowledge. The last chapter a small research focused on motives and financial statements of entities which have realized a merger.
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Acquisitions as a strategic step to expansion - case study of STERIS Corp.
Vávra, Radek ; Chylíková, Hana (advisor) ; Bouška, Stanislav (referee)
The primary focus of this Bachelor thesis is on acquisitions, which the author considers one of the most strategic ways of business expansion. In the first part, the readers are acquainted with the theoretical basis and challenges of acquisition procedures, focusing on the integration of the newly acquired companies. The second part is dedicated to STERIS Corporation, which serves as an example for theoretical knowledge application. In this part, the author describes the company's growth strategy, using analysis of financial indicators and series of preceding and subsequent takeovers. In the closing part, the thesis is enriched with a personal research in the form of a questionnaire, inclusive of STERIS Corporation's international managers' responses.
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Due Diligence in the Field of Mergers and Acquisitions
Dendisová, Zuzana ; Moravec, Tomáš (advisor) ; Čadílek, Jan (referee)
Diploma thesis "Due Diligence in the Field of Mergers and Acquisitions" analyses due diligence in perspective of Czech legal practice and clarifies the due diligence concept during M&A transactions. The first chapter is an introduction to due diligence . The second chapter is dedicated to international mergers and acquisitions. The third chapter explains due diligence in practice and the fourth chapter analyses benefits and risks of M&A.
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The valuation of company О2 Czech Republic a.s
Spálenský, Vít ; Kislingerová, Eva (advisor) ; Smrčka, Luboš (referee)
The aim of the diploma thesis is to determine the market value of the company O2 Czech Republic a. s. in time when was company acquired by PPF group (31.12.2013). The aim is evaluate deal in relation to expect rentability of this investment, in relation to shares market price and in relation to other similar transactions on communication market. Thesis include the valuation itself as well as the financial and strategic analysis. On this base is create financial plan on years 2014 - 2018. The actual valuation is performed using methods DCF Equity method, market valuation, and by comparable transactions method. In conclusion are evaluate deal conditions and impact on company business in the future.
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Empirical analysis of patterns of acquired companies
Kachlík, Brian ; Rýdlová, Barbora (advisor) ; Beran, Marek (referee)
Announcements of acquisitions of publicly traded companies are usually accompanied by their share price booming by tens of percent. The underlying reason is that the acquirer of the company gains a controlling stake, due to which he can help the company pivot in the desired direction or benefit from synergy effects. A minority investor, by definition, is not capable of doing this, thus he is willing to pay a lower price for the shares than the acquirer of the controlling stake. The thesis analyzes whether a minority shareholder can profit from the acquisition premium by purchasing shares of companies which he believes will be later acquired. The paper consists of two parts - theoretical and analytic. The theoretical part discusses the significance of the acquisition premium and its value, with regard to the type of investor and his motivations for the acquisition. The theoretical part yields into the analytic part, where acquisition waves are tested. It also includes an analysis of individual acquisitions and their underlying reasons, which are grouped into categories in order to find patterns of aquired companies.
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Accounting and tax aspects of capital transactions with company in comparison with CZ GAAP and IFRS
PATÁKOVÁ, Aneta
The topic of this thesis titled " Accounting and tax aspects of capital transactions with company in comparison with CZ GAAP and IFRS" was the definition of ownership transactions with the company and description of some differences between both legislation. The accounting and taxation aspects were first analyzed in terms of theory (regu-lations, definition, history of the business combination and their development from the past to the present, present situation of volume of M&A transactions and method of accounting solutions of these transaction) and subsequently in the form of practical application to particular accounting data of two companies named XYZ a KLM. The practical part mostly deals with merger of companies KLM and XYZ. Both of them were limited liability compa-nies with financial problems. The first part of practical part of this thesis was to analyse the transformation project and progress chart. Then the closing balance sheets and income statements (Czech legislations) of XYZ and KLM were compared with balance sheets and statements according to IFRS. The opening balance sheet of the successor of this transaction (XYZ) was compiled by the purchase method with quantifying valuation difference on acquired assets. Mergers and acquisitions are the most frequent business combinations. Sectors of the economy with the highest number of these transactions are the sectors of industrials & chemicals in the world and the sector of Real estate in Czech Republic. The last chapter is focused on the differences and form IFRS and Czech legislation.
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Mergers in the Czech Republic from a legal, accounting and tax point of view
Haluza, Jan ; Černohlávková, Eva (advisor) ; Marková, Michaela (referee)
This thesis deals with legal, accounting and tax aspects of mergers in the legal environment of the Czech republic, particularly in relation to the amendment to Act. No. 125/2008 Coll., on Transformations of Trading Companies and Cooperatives, and to other related legislation. Furthermore, the paper identifies the main differences in accounting solutions when performed according to Czech accounting standards and IAS/IFRS, defines the basic features and characteristics of mergers and acquisitions and outlines their current importance in the international context. The above is demonstrated on the case of a merger of two capital-related companies in the telecommunications industry. Using quantitative and qualitative methods, the present work also evaluates the success of the selected transaction.
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Business combinations (comparation IFRS ans CAS)
Bazyuk, Ulyana ; Vomáčková, Hana (advisor) ; Rajnochová, Lenka (referee)
The thesis is focused on the process and progress of business combinations under both IFRS and in accordance with Czech legislation. The first part describes the history of the business combination, their origin, development, and gradual changes from the past to the present. The following part focuses on the process and the types of transactions with companies under Czech legislation. The last chapter is focused on the differences and form IFRS and Czech legislation.
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