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Financial balance of the firm
KUBÍČKOVÁ, Irena
Thesis is about the company's financial balance. The aim is to assess the capital structure in selected existing businesses. The analysis focuses on identifying the main factors that affect decisions about the use of financial resources.
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The influence of the asset structure upon the economic outcome of the enterprise
ČAPKOVÁ, Hana
This bachelor thesis aims at the assessment of the asset structure including the financial resources. The theoretical part deals with the individual components of assets and liabilities, the factors influencing the size and structure of the enterprise{\crq}s assets and possibilities of their evaluation. The financial analysis of a chosen enterprise is carried out in the practical part of the thesis. The financial situation is assessed primarily by means of the liquidity, rentability and activity indicators. Finally, recommendations for further activity of the enterprise that followed from the financial analysis outcomes are included.
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Faktory ovlivňující míru zadluženosti podniku
KUBÍČKOVÁ, Irena
The Topic of "Factors affecting the degree of indebtedness in the company" is concerned with evaluating the capital structure in aspeck of long-term and short-term. The purpose is to identify the main factors which affecting the decision on the degree of indebtedness. There is an effort to identification with the issues of financial structure, together with indicators which are associated with it.
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Setting costs for capital and their usage for calculation of economic value added.
BEČVÁŘOVÁ, Nikoleta
This thesis deals with company capital structure, that is characterized according to methods of horizontal and vertical analysis. Then it deals with prices of particular capital items, costs for capital and influeces on business performance, it means with the calculation of economic value added. Theoretical part describes capital structure items in general, prices of particular items of capital, costs for capital and particular methods for EVA calculation, it means both EVA entity and EVA equity. Practical part characterizes individual items of capital structure and application of chosen model, that is the second model for EVA calculation {--} EVA equity {--} on a concrete company. This calculation was processed through benchmarking on websides of Departement of industry and Trade. The model was applicated on a company, that deals with production of motor and joining vehicles, machines production, machineries production and means of transport repairs {--} ČZ, a.s.
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Capital structure of chosen economic entity
MARKOVÁ, Lenka
The goal of this thesis is to assess the capital structure of chosen economic entity. The work is divided into two parts, theoretical and practical. In the theoretical section describes the basic dividing of asset and liabilities and the basic methods of financial analysis. In the practical part, I apply the methods of financial analysis to size up the capital structure of company. Finally, throughout the work are summarised all the findings from the analysis and assessment of the capital structure of the company.
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Insolvence - případová studie Oděvní podnik a.s.
Pavelcová, Hana ; Janda, Karel (advisor) ; Zetek, Pavel (referee)
This Thesis focuses on Insolvency. The work begins with determination of basic terms relevant to Insolvency. Further it describes the importance of Capital Structure and claims for company assets and the importance of debt financing. Financial analysis is important for the prediction of bankruptcy in the future. There are references to the basic methods of financial analysis, the most significant ratio indicators and some models for the prediciton of bankruptcy (Altman's Z-score, Neumaier's Index IN05, Kralicek's quick test). Theory Approach is an important microeconomic theory connected with insolvency. The next part of the work focuses on Theory Approach problems - relationships between the lender and the borrower (principal and agent), information asymmetry, soft and hard budget constraint. The work is also focused on a Czech bankruptcy legal form. It also references the purpose and goals of the bankruptcy law, rescue culture, development and the new Czech Bankruptcy Act and the insolvency process. The next part of the work investigates trends of insolvency in the USA , Europe and the Czech Republic in context of the world economic crisis. After that a case study follows. The goal of the case study is to describe the bankruptcy of a real Czech company and resume for the issues which were mentioned in the theoretical part of the Thesis. The company which is analysed in this case study is Oděvní podnik, a.s.. During the insolvency process, it used the new bankruptcy act-reorganization. The case study involves analysis of the causes of bankruptcy, financial analysis (the trends in balance sheet and profit and loss report, ratio indicators calculation and application of credibility and bankruptcy models) with the purpose of finding out if it was possible to predict the bankruptcy of Oděvní podnik, a.s.. The next part of the case study describes the insolvency processes which have run till this time with focus on the chosen problems of the Theory Approach.
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Thin Capitalization - The Influence of Tax Legislation on Employment of Debt Financing of Companies
Kočer, Petr ; Jurečka, Jan (advisor) ; Juppa, Martin (referee)
The aim of this thesis is to find out the answer to the question whether the state authorities influence the employment of debt financing of companies. First part of the work briefly summarizes the main economic theories engaged in the research on capital structure. Further are depicted approaches to thin capitalization in the European countries with focus on the Czech republic tax law dealing with the subject. The final part of the thesis demonstrates on the financial data of Czech companies from the period 2003-2008 that the state authorities influence the employment of debt in Czech companies by means of tax laws and so affect the capital structure of the companies.
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Optimization of capital structure and shareholder's investment return
Kudela, Petr ; Marinič, Pavel (advisor) ; Genža, Jiří (referee)
Management of most of the companies pays substantially less attention to structure of raising capital, than to investing it. Sometimes managers forget that the value of the company can be increased not only through proper investments but also through choosing the right proportion of capital structure. There are many theories dealing with this issue. The best known, Miller-Modigliani theory considers as an optimal capital structure the one with the lowest weighted average cost of capital. This thesis is based on these theories and tries to apply them on Czech firm and its Brazilian daughter company.
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