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Determinants of growth of European SMEs
Pastva, Richard ; Babin, Jan (advisor) ; Kadeřábková, Božena (referee)
The subject of this thesis is an analysis of factors influencing the growth rate of small and medium enterprises in Europe. The required data was collected from Amadeus database and processed into a panel dataset. Afterwards, the regression parameters of the selected explanatory variables were obtained by means of fixed effects models. Results showed that enterprise growth rate was most significantly influenced by the rate of R&D costs, specifically its annual change in relation to turnover. Growth is also positively influenced by firm's profitability, annual change in intangible assets value and nation's growth rate of GDP. A negative effect on growth connected with solvency ratio was also found, which is consistent with a proposition of the pecking order theory. Once again, validity of Gibrat's Law was confirmed when size variable turned out to be statistically insignificant and slightly negative in addition. Not surprisingly, privately held companies operating in Western Europe showed a bit higher propensity to faster growth than their counterparts.
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Corporate assets and investment activities of the company
KUBOVÁ, Veronika
The aim of this Bachelor thesis is to considerate the asset structure of the company with a focus on facilities, level, structure and making use of the fixed assets as the basis for assessment of investment activities in the specific terms of the chosen company. This thesis is to assess the importance and the role of the investment activities in the company, investment efficiency and investment decision-making. Following the definitions of basic terms, the analysis of assets structure, assessment of the level of facilities and the use of fixed assets in the chosen company are included. The development in the past five years is also described. The thesis assesses the investment activities in the monitored period and their impact on the efficiency of the management of the company.
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Intercompany comparisons
HYPŠOVÁ, Monika
The aim of this thesis is assessment and presumptions of inter-company comparisons and finds suitable methods for inter-company comparisons. The theoretical part is focused on the ways and appropriate methods for inter-company comparisons, pointer system and their use for inter-company comparisons is used in this part. The one-dimensional and selected multidimensional methods are applied in this work. These methods find position of company in a file of competitive companies. Good characteristics are prerequisite for selection of indicators. Ratio indicators, bankruptcy and solvent models evaluate rate efficiency of the company in period 2008 - 2010. The conclusion of this thesis identifies weaknesses in economy and proposes measures for increase of company´s efficiency.
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Property structure of the company in consideration of the specifics of agriculture
HYPŠOVÁ, Monika
The aim of this Bachelor Thesis is to classify the property structure of the chosen company including the sources of financing of its single components. The Bachelor Thesis deals with property structure of agricultural company SENAGRO a.s. in comparison with this sector´s average and the selected methods of property structure evaluation are applied here. The financial situation in the period between 2006 and 2008 is reviewed by financial analysis with help of ratio indicators of liquidity, profitability and activity related to property. The net working capital is also calculated. The conclusion is focused on the influence of property impacts upon the economic results of the company and various changes resulting from the findings of the performed financial analysis are suggested.
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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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