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This paper uses new firm-level data to examine the effects of breakups of the Czech firms and their subsequent privatization on corporate performance. Unlike the existing literature, which analyzes breakups almost exclusively in advanced economies, we control for accompanying ownership changes...
Persistent link: https://www.econbiz.de/10005036613
Persistent link: https://www.econbiz.de/10003987184
Persistent link: https://www.econbiz.de/10009724880
Over the past few years, the Value at Risk indicator (VaR) has evolved, without doubt, into the most frequently used comprehensive tool for assessment of potential losses caused by adverse changes in market rates. However, the common models used for VaR assessment are based only on mid prices...
Persistent link: https://www.econbiz.de/10005079050
This paper analyses various approaches to dealing with problematic assets of the banking sector. These approaches … Czech banking sector during the period of the transformation. The paper furthermore suggests that other methods, such as the … inefficient asset management company, should banking-sector problems emerge once again. …
Persistent link: https://www.econbiz.de/10008545890
Privatization of the Czech banking sector was not an ideal process. Many errors and failures could be mentioned. The … role of national banking for the raising of national entrepreneurial class was overvalued. There was also a broad naiveté … banking sector in the Czech Republic as well the prices from privatization were the best prices (measured by price/NAV) from …
Persistent link: https://www.econbiz.de/10005036610
The objective of this paper is expose the methodology and the indicators of productivity movement in the manufacturing subsystem and his influence on the EVA (Economic Value Added) of the enterprise. In order to measure the contemporary value concept of production, it is necessary to construct...
Persistent link: https://www.econbiz.de/10009398947
Economic crisis represents an important challange for the business sphere of the Czech Republic. For firms it is an objective cause of restructuring and streamlining business processes and of boosting adaptability to changes. The aim of the primary research realized within the research purpose...
Persistent link: https://www.econbiz.de/10009398955
This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the firm by the view of the new institutional economics. In the first part, author presents resources and presumptions of the TCT mainly by O. E. Williamson. The theory is based on...
Persistent link: https://www.econbiz.de/10009401149
The modern development of Corporate Systems and innovations (realistic) in the economic production criteria, as compared to traditional criteria, supported largely by optimum operating conditions. In order to measure the contemporary value concept of production, it is necessary to construct an...
Persistent link: https://www.econbiz.de/10005036339