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State-Owned Enterprise
Hokr, Tomáš ; Horáček, Vít (advisor) ; Plíva, Stanislav (referee)
The primary focus of this thesis is a state-owned enterprise, its basic characteristics, the State-Owned Enterprise Act as its principal source of legislation and its status given by some other laws. The state-owned enterprise is a state organization and a specific organizational legal form of business through which the state carries out management of its property, carries on a business and thereby fulfills the purpose for which state-owned enterprise was founded. Specificity is manifested mainly by its property itself, the relationship to that property, the way of establishment and by performance of quasi-shareholders' rights. The main attribute of state-owned enterprises and state organizations in general is incapacity of possession of property rights. Inability of ownership does not only contrast with the ability to bind, but also raises questions concerning the legal personality. The relationship to the property has been expressed by rather vague "right to manage", which has not been used yet. The state-owned enterprise is regulated mainly by the State-Owned Enterprise Act. This regulation, though very brief in scope, has the ambition to be comprehensive legislation for state-owned enterprises. Nevertheless it is not sufficient for the treatment of all possible legal relations arising from the...
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Specificity of joint stock companies with state property interest
Janků, Jan ; Eichlerová, Kateřina (advisor) ; Čech, Petr (referee)
Specificity of joint stock companies with state property interest Abstract This diploma thesis focuses on state-owned stock companies. This thesis aims to focus purely on stock companies with only short introductions to other forms of state ownership of corporations. The goal is to identify state as a legal entity and also as a shareholder. The other goals are an analysis of obligation to provide information and lastly a brief analysis of some other specifics when it comes to state-owned stock companies. The first part dealing with the identification of the state aims to sufficiently isolate stock companies from other possible state-owned corporations, while interpreting the relevant legal provisions combined with relevant court decisions. The second part focuses in detail on the obligation to provide information of state- owned stock companies. The goal is to analyze the relevant decisions of the Czech Constitutional Court in relation to the Act on freedom of information. Other chapters of this part focus on obligation to provide information in relation to Act on public procurement and to Act on the contract register . This second part heavily relies on judicial practice of both national and EU institutions. The third part deals with certain other specifics, which relate to state-owned stock companies....
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Specificity of joint stock companies with state property interest
Janků, Jan ; Eichlerová, Kateřina (advisor) ; Čech, Petr (referee)
Specificity of joint stock companies with state property interest Abstract This diploma thesis focuses on state-owned stock companies. This thesis aims to focus purely on stock companies with only short introductions to other forms of state ownership of corporations. The goal is to identify state as a legal entity and also as a shareholder. The other goals are an analysis of obligation to provide information and lastly a brief analysis of some other specifics when it comes to state-owned stock companies. The first part dealing with the identification of the state aims to sufficiently isolate stock companies from other possible state-owned corporations, while interpreting the relevant legal provisions combined with relevant court decisions. The second part focuses in detail on the obligation to provide information of state- owned stock companies. The goal is to analyze the relevant decisions of the Czech Constitutional Court in relation to the Act on freedom of information. Other chapters of this part focus on obligation to provide information in relation to Act on public procurement and to Act on the contract register . This second part heavily relies on judicial practice of both national and EU institutions. The third part deals with certain other specifics, which relate to state-owned stock companies....
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State-Owned Enterprise
Hokr, Tomáš ; Horáček, Vít (advisor) ; Plíva, Stanislav (referee)
The primary focus of this thesis is a state-owned enterprise, its basic characteristics, the State-Owned Enterprise Act as its principal source of legislation and its status given by some other laws. The state-owned enterprise is a state organization and a specific organizational legal form of business through which the state carries out management of its property, carries on a business and thereby fulfills the purpose for which state-owned enterprise was founded. Specificity is manifested mainly by its property itself, the relationship to that property, the way of establishment and by performance of quasi-shareholders' rights. The main attribute of state-owned enterprises and state organizations in general is incapacity of possession of property rights. Inability of ownership does not only contrast with the ability to bind, but also raises questions concerning the legal personality. The relationship to the property has been expressed by rather vague "right to manage", which has not been used yet. The state-owned enterprise is regulated mainly by the State-Owned Enterprise Act. This regulation, though very brief in scope, has the ambition to be comprehensive legislation for state-owned enterprises. Nevertheless it is not sufficient for the treatment of all possible legal relations arising from the...
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The Role of State Ownership in Commercial Banks: Experience of CEE Transition Countries
Wu, Jiao ; Mejstřík, Michal (advisor) ; Mickiewicz, Tomasz (referee)
Central and Eastern Europe(CEE) is the region where the ownership of banks has been through the most fundamental and massive changes during the past two decades. This paper analyses the role of state-ownership in commercial banks, whether and why state ownership imposes negative effects on commercial banks in CEE transition countries, through both theoretical arguments and empirical testings. The thesis summarizes previous literature and analyses the role of banking ownership and performance, particularly though a dynamic view of the banking privatisation process. It investigates the reasons why state-owned banks are harmful in CEE countries from a corporate governance point of view. Followed by empirical tests on this topic, including banking production efficiency measurement using Stochastic Frontier Analysis and second-stage regression analysis about the effects of ownership on banking efficiency and asset quality. This paper finds out that the state ownership of banks imposes negative effects on bank performance and hinders successful privatisation of enterprises. Banking production efficiency has been improving greatly in late 1990s and stayed at a constant high level in 2000s. Through panel data regressions, we find the negative effects of state-ownership on banking production efficiency and asset...
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Analysis of the impact of ownership on effective operation of heating plants in the Czech Republic
Fajfr, Tomáš ; Macháč, Jan (advisor) ; Zajíček, Miroslav (referee)
Privatization transformation took place in the Czech Republic at the beginning of the nineties which also highly influenced heating plant industry. Some heating plant companies are in private ownership and some remained or were returned back into ownership of towns and villages. The main hypothesis of the bachelor thesis is that heating plant companies are more effective and are reaching better economic results than companies owned by towns and villages. This hypothesis is confirmed with the aid of statistic method of linear regression. Private heating plant companies have in average higher sales on employee, higher return on equity, higher return on sales and also higher share of investments on total revenue. Minor hypothesis saying that towns heating plant will sell heat energy cheaper was disproved.
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Changes in ownership structure and strategic decision-making of oil companies in terms of state interventions on the oil market
Pytelová, Zuzana ; Hnilica, Jiří (advisor) ; Staš, Martin (referee)
Topic of this master thesis is the characterization of the relationship between private oil companies and the state. Ambition is to render this co-existence based on historical case studies and practical examples. Case studies show a transparent variety of state approaches and relations with private oil companies. Practical examples are characterized by three major oil states and demonstrate their efforts to prioritize "national champions" and to maximize their income from oil. Based on results of this work, it is clear that private companies and the state in most cases need each other, altough their relations are often tense. There are also a far-reaching legislative changes that are making actions of private oil companies more difficult.
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Process of privatisation in the Czech republic
Maňák, Simon ; Nečadová, Marta (advisor) ; Breňová, Lubomíra (referee)
The topic of the bachelor thesis is the process of privatisation in the Czech republic that took place in years 1991-2005. Firstly, the work describes a period before November 1989, secondly it presents hypotheses and approaches to the process of privatisation together with the following analysis of individual parts of the process of privatisation, specifically the restitution and small and large privatisations. It analyses the coupon privatisation and investment funds in privatisation in detail. The role and the contribution of the funds during privatisation were not entirely clear. The aim of the thesis is to answer the question why privatisation influenced the restructuring of enterprises during the 90's.
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