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Breakups, privatization and firms" performance

Hanousek, Jan; Kočenda, Evžen; Švejnar, Jan - In: Politická ekonomie 2006 (2006) 4, pp. 467-489

economies, we control for accompanying ownership changes and the fact that spinoffs and ownership are endogenous variables. We … privatization depends on the resulting ownership structure - sometime improving performance and sometime bringing about decline. The … evidence that it is important to control for changes in ownership when analyzing divestitures and control for endogeneity …

Persistent link: https://www.econbiz.de/10005036613

Contemporary Approaches to Corporate Governance

Pirožek, Petr - In: Acta Oeconomica Pragensia 2007 (2007) 3, pp. 16-21

The description of contemporary application of Corporate Governance principles in Czech companies. The prezentation of Corporate Governance decision steps. The definition of Corporate Governance individual practices in Czech companies. Presentation of future system development of Corporate...

Persistent link: https://www.econbiz.de/10005036448

K teorii správy a řízení korporací

Klusoň, Václav - 2009

Persistent link: https://www.econbiz.de/10003827019

Reorganizations Permitted the Third Year after the Coming into Force of the New Czech Insolvency Act: Basic Empirical Study with Pointers to Trends

Richter, Tomáš - In: Ekonomika a managment 2011 (2011) 3, pp. 5-12

The article presents initial empirical findings about corporate reorganizations ordered in 2010 (with cut-off date as of March 2011), the third year after the coming into force of the new Czech Insolvency Act. These findings are compared to similar findings made in relation to the period...

Persistent link: https://www.econbiz.de/10009398897

Financial derivatives, their use and impact on firm performance and value

Vitík, Robert - In: Ekonomika a managment 2008 (2008) 2

This paper wants to give a basic overview of arguments for and against of using the financial derivatives tools in the field of foreign exchange risk management. The case study shows, how the separate hedging instruments have impact on P & L statement. This paper discusses different relationship...

Persistent link: https://www.econbiz.de/10009398919

Investigating a thin-capitalization rule: An option-based analysis

Vlachý, Jan - In: Politická ekonomie 2008 (2008) 5, pp. 656-668

The Czech tax system is undergoing radical transformation. Among the many forthcoming changes, several features can be identified, which alter the structure of tax asymmetries. This paper uses an option-based model of direct taxation to examine a controversial new thin-capitalization rule,...

Persistent link: https://www.econbiz.de/10008754958

The Risk Analysis in the Agricultural Enterprises using Earnings at Risk Method

Špička, Jindřich - In: Ekonomika a managment 2009 (2009) 3

The paper examines the potential of stochastic simulation methods and Earnings at Risk method in risk analysis of farming business. The results revealed a different nature of yield and price risks in agriculture. The natural yields are low spatially correlated and the rate of yield risk depends...

Persistent link: https://www.econbiz.de/10009401130

An Analysis of Financial Performance Using the EVA Method

Dluhošová, Dana - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 11-12, pp. 541-559

The paper considers company performance measures and the development of the Economic Value Added (EVA) indicator in volatile economies, particularly in the case of the Czech Republic. Methods used for pyramidal analysis, their assumptions, and their application possibilities are discussed. A...

Persistent link: https://www.econbiz.de/10008549911

Effect of Capital Structure on Business Valuation Using Various DCF Methods

Maříková, Pavla; Mařík, Miloš - In: Acta Oeconomica Pragensia 2008 (2008) 3, pp. 13-31

Income valuation is a fundamental valuation approach. One question still open is the discount rate calculation. One factor impacting the discount rate is a capital structure. Nevertheless, the structure has to be in market values. It means that the knowledge of the result is a precondition for...

Persistent link: https://www.econbiz.de/10005036467

Monte Carlo Simulation in Risk Analysis of Investment Projects

Fotr, Jiří; Švecová, Lenka; Souček, Ivan; Pešák, … - In: Acta Oeconomica Pragensia 2007 (2007) 2, pp. 32-43

At present time, when the rate of risk is increasing, achieving higher quality of investment decision-making by integrating risk and uncertainty factors could positively affect economical results and firm's prosperity. Firstly this article characterizes shortcomings of investment decision making...

Persistent link: https://www.econbiz.de/10005036471