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Evaluation of financial efficiency of the company IMC Slovakia, Ltd.
Štefek, Adrián ; Mikan, Pavel (advisor) ; Kuchár, Róbert (referee)
The aim of this bachelor´s thesis is to evaluate financial efficiency of the company IMC Slovakia, Ltd from 2010 until 2014, to make suggestions for eliminating founded deficiencies in analysis, to describe expectations in the year 2015 and to compare results of the company with the chosen competitors. This bachelor´s thesis consists of theoretical and practical part. In theoretical part are defined individual methods of analysis and described the process of calculation in practical part. Among the used methods belong horizontal and vertical analysis, balance rules, analysis of the relative and differential value ratios, Du Pont analysis, economic value added, creditworthy and bankruptcy models and methods of comparison with competitors. Practical part included description of the company IMC Slovakia Ltd., characterization of competitors and application of methods previously mentioned in practical part.
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Competition policy of the Czech Republic in the field of state aid
Zádamský, Jakub ; Lechner, Tomáš (advisor) ; Jurčík, Radek (referee)
The efficient competition protection is EU's crucial key objective in order to provide smooth functioning of the local competition and the internal market. Within different segments of the competition I focused on the state aid issue, which is a specific area of the EU competition law. Providing any state aid inevitably influences the market enviroment and carries a considerable risk of the competition distortion. It effects the trade between Member States as well. The main aim of this diploma thesis is not only to describe the European legislation related to state aids, but also its impact on the Czech legal system. The Community state aid rules stem from Articles 107 - 109 of the Treaty on the Functioning of the European Union and their main purpose is to prevent any selective advantages to certain market players. This thesis also focuses on reforms and modernization of the state aid control system, in particular to the State Aid Action Plan.
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Crystalex Nový Bor: od dedictví IPB k zátěžovému testu českého insolvenčního zákona
Čása, Tomáš ; Richter, Tomáš (advisor) ; Vacek, Pavel (referee)
v Summary The presented work describes and analyzes the course of insolvency proceedings in Crystalex Nový Bor, one of the largest corporate bankruptcies resolved under the Czech Insolvency Act. The core of the work focuses on the description and assessment of the case from the point of view of economic efficiency. The analysis of a large corporate bankruptcy case defined the key aspects of the proceedings and evaluated them in the context of the existing legal framework. The case confirmed a strengthened position of secured creditors, but could not find evidence for opportunistic abuse of this position. The Czech Insolvency Act respected pre- bankruptcy entitlements and the absolute priority rule. On the other hand, the course and the role of the moratorium and delays in the distribution of the liquidation proceeds were weak aspects of the proceedings. The selected method of insolvency resolution through liquidation and sale of the core operating assets together under one contract appeared the most plausible from the point of view of the type of distress in the company. Keywords: case study, financial distress, insolvency, insolvency proceedings, liquidation, asset sale Bibliographic record Čása, Tomáš: "Crystalex Nový Bor: From IPB Heritage to the Loading Test of the Czech Insolvency Act." Charles...
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Are agricultural subsidies provided under the EU Common Agricultural Policy effective? Case study: ZD Kosova Hora
Vránová, Gabriela ; Dočkal, Dalibor (advisor) ; Chalupníček, Pavel (referee)
The topic of this thesis are the subsidies granted to farmers under the Common Agricultural Policy of the European Union (CAP), and assessing their economic efficiency. The aim is to analyze this issuee from the very beginning of the CAP to the present times. The theoretical part examines analysis of the effectiveness of providing subsidies in the sector of agriculture. This section pays attention to various rules of European Union, which were adopted in purpose of farmers. The practical part is a case study describing the situation of a farm which uses the subsidies of CAP. Using recent data on the subsidies and Cost Benefit Analysis, case study summarizes and considers the pros and cons of running a modern farm in EU.
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Set-off Defence in International Commercial Arbitration
Hock, Branislav ; Dobiáš, Petr (advisor) ; Brodec, Jan (referee)
Set-off is meant to be one of the most important defences in arbitration proceedings. About 15 - 20 per cent of all international arbitrations involve set-off defence. There is not much dispute about the possibility to virtually extinguish mutual claims of the parties however national concepts of set-off differ dramatically. Moreover, in contrast to most other legal mechanisms set-off is always formed by no less than two obligations. These obligations may be regarded differently and be subject to different laws which can lead to a series of difficult questions regarding not only choice-of-law but also judicial competence. The centrum of the controversy lays in the situation when the defendant raises his cross-claim, which falls outside the scope of an arbitration agreement, to be mutually offset. Arbitrators can be in a very difficult position as they have to find, in the absence of any clear rule, reasonable limits of the adjudication of set-off. This work aims to find out what should be the limits of the adjudication of set-off with the cross-claim over which the tribunal normally wouldn't be competent to decide. There is offered a legal framework with a set of good practices which should be followed in order to strengthen legal certainty, procedural efficiency and effective functioning of...
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Transaction costs in public procurement
Reimarová, Hana ; Gutiérrez Chvalkovská, Jana (advisor) ; Mejstřík, Michal (referee)
The term public procurement refers to a contract between public entity and private companies. The public procurement contracts are regulated by the Public Procurement Act, which specifies the rules under which the public procurement should be performed and sets conditions of award procedures of public contracts. The quality of execution of the award procedure influences the efficiency and the transparency of the contract. The award procedure can be executed by internal employees of the contractor or outsourced. The main aim of this thesis is to analyze whether the contractors behave rationally when they outsource the award procedure; this thesis evaluates the differences between an in-house administration and an outsourced administration in prices, efficiency in terms of number of bidders in the contract and probability of formal errors in the award procedure. The results of the analysis shows that small contractors behave rationally; when they administrate the award procedure in-house they tend to make more formal errors thus they outsource the procedure. On the other hand, the large contractors do not behave rationally, because they outsource the administration of award procedure even if all three indicators show that they administrate the procedure in-house more successfully. The behavior of...
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Search ads in e-commerce
Hanzalová, Barbora ; Lohr, Václav (advisor) ; Zdeněk, Zdeněk (referee)
This thesis deals with the issue of paid search ads. Search ads are explained in the context of the development of the Internet and search engines, the functioning of search engines and advertising systems in the Czech environment. The aim of this thesis is a practical demonstration of the creation of classic and product campaigns. Campaigns are created for specific e-commerce in advertising systems Google AdWords and Sklik. Subsequently they are processed and it is compiled a set of generally applicable rules for the proper and efficient creation of search campaigns. To verify broader use results is used qualitative methods of expert interview with an expert in PPC.
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Impact of introduction of the data box system on effective communication in public administration
Svoboda, Jiří ; Toman, Prokop (advisor) ; Sigmund, Tomáš (referee)
Diploma work deals with current aspects of information systems in public administration. The thesis assesses impact of introduction of the data box system on effective communication in public administration and evaluates to what extend the data boxes are beneficial to citizens of this state. After definition of terms used in this field, first part of the work is focused on the e-Government project and its four pillars. Further, thesis evaluates effect of the e-Government project on reduction of administrative burden for businessmen and on the lives of citizens in the information society. The following part of the work highlights gaps in the legislation, which creates rules for the data box system and has got an immediate impact on the efficiency of their operation. The work also surveys effects of the data box system introduction on effective communication between state and local governments on the citizens of our country. Diploma work points out the problems of the data box system, analyses their causes and offers possible solutions.
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The Importance of Fair Trade and Evaluation of Its Benefits
Polenová, Andrea ; Melcher, Ota (advisor) ; Čajka, Radek (referee)
This work is focused on alternative ways to help developing countries and foster poverty alleviation through Fair Trade (FT). Based on characteristics and current running of Fair trade the aim of this thesis is to assess whether FT provide producers with benefits or not and whether the concept fulfil its goals. The first chapter introduces the FT concept, its basic characteristics, standards and rules allowing entry into the FT market as well as international FT organizations and the process of certification and licensing. The second chapter gives an overview of recent situation on markets importing FT products and puts Fair Trade market into the global context. Third section describes issues, difficulties and impacts that the presence of Fair trade causes. On the basis of this information the final chapter sums up positive and negative effects of Fair trade, also the importance, efficiency and benefits for involved producers will be assessed.
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