Outsourcing breaks up the supply chain and often increases in number of stakeholders and organizations and therefore puts a higher demand on a well-functioning coordination of the material supply. The logistical task spectrum is characterized by a great degree of variety and dissimilarity which is due to the logistical role itself, functions within both overall economic and business processes, in value-added steps from the processing of raw material to the end user. Research in the field of global sourcing environment has been conducted in prior research, however, the outsourcing environments differs one from another. The purpose of this study is to identify critical logistical factors when transferring to a third party stakeholder. The findings are based on an extensive literature study in the field of logistics and a single case study. An interactive investigation at a large, multinational company provided opportunities to observe and participate in an ongoing global transfer and verify the applicability of the result (matrix concept). The observations were done over a three months’ period and gave the author the opportunity to investigate the logistical setup for the ongoing transfer. The company henceforth Genopower AB, is transferring the assembly and testing to a third party stakeholder located in Indonesia. The motives for the transfer is to increase the company’s market shares in Indonesia and further into Asia. The third party stakeholder, henceforth PT PAK does not have any prior experience in the Gas turbine (Power generation) industry. The study provides a generalized matrix with critical logistical factors which affects the logistical performance measurements, logistical cost and customer service elements. By presenting the findings in terms of factors, the matrix can be applicable on future outsourcing projects and give a clear insight in which of the factors is worth investigating further; prior, during or after the actual transfer as an evaluation tool.

No description available.

Principal aim of this thesis is the analysis of integration processes of financial markets with emphases on implementation of insurance business incorporation to banking segment. This thesis surveys the history of bancassurance, reasons of reciprocal cooperation between banks and insurance companies, models of settlement for bancassurance companies and conditions for their successful business. Then the thesis analyses a different level of integration trend on the financial markets in the European Union with emphasis on penetration of bancassurance in the Czech Republic. The conclusion considers future of bancassurance segment.

Consolidation of financial statements under Czech accounting rules and under IFRS. Definition of consolidated unit. Modification of financial statements. Exclusion of intergroup relationship. Goodwill. Methods of consolidation.

This work investigates quickly developing consolidation trend in banking. The first part of the work is devoted to the theoretical basis, definitions, reasons for mergers and acquisitions, positive and negative consequences of consolidation. Special attention is paid to banking mergers and acquisitions (M&A), to their financing and regulation. The second chapter examines banking M&A process in detail, including models, which could be used during particular stages. The third chapter discusses development of the consolidation trend in Europe focused on Kazakhstan, Russia and Ukraine. The influence of the banking M&A on those countries' banking systems development is examined. Legal requirements and problems, which could occur in connection with banking M&A in these countries, are also discussed in this chapter. In the work were used some real banking M&A examples, illustrative examples for better understanding models, used in the M&A process, and case study as an illustration of the M&A process in the CIS countries.

The goal of the thesis is to examine and assess actual portfolio of products on the market for server visualization and to compare performance of individual products with performance of the physical machine. The research and the assessment of the actual portfolio will be carried out with the focus on current trends in the area of server virtualization, reasons for realization, and important aspects for their successful implementation. The comparison will be carried out in areas of supported platforms, hardware emulation spectra, hardware limitations, licensing and prices. Further it will be performed comparison in the form of benchmark performance in areas of CPU, RAM, hard-drive throughput, and network throughput of most commonly used products for server virtualization.

The thesis describes questions of exchange differences in accordance with czech generally accepted accounting principles and in accordance with the International financial reporting standards. The thesis explains exchange rates used on the Czech Republic and czech accounting principles. The second part of this thesis is focused on International financial reporting standards. It makes clear what the functional currency is. It describes translation from the local currency to the functional currency and the translation from the functional currency to the presentation currency. It relates consolidated financial statement in the view of exchange differences.

No description available.

This thesis addresses two important issues necessary to understand whether insider trading should be prohibited: the effects of insider trading on stock prices and the compensation to insiders for providing information and other related services. This task is accomplished by analyzing stock price changes during corporate takeovers, before and after the regulatory changes in the 1980's that were designed to reduce the level of insider trading. In this thesis, we develop an indirect measure of insider trading that shows how observable stock price movements during takeovers allow one to make inferences about changes in insider trading after regulatory changes. Specifically, we show that when inside information is partially revealed to the market, the effects of regulatory changes on insider trading can be identified by examining the price movements of stocks around takeover announcements. If, however, information is not revealed at all or is fully revealed, it is impossible to identify the effects of regulatory changes on insider trading. We also develop a segmented diffusion model to analyze price movements characterized by cumulative abnormal returns during the period surrounding a takeover announcement. An econometric model is developed to estimate the segmented diffusion model. Naturally, this methodology applies to the study of various events in addition to corporate takeovers and regulatory changes. We conduct empirical analysis to test three hypotheses. With regard to Hypothesis I, we find strong evidence that the tightening of insider trading regulations in the 1980's was effective and that inside information was partially revealed to the market. With regard to Hypothesis II, we find evidence that insider trading regulations have more effect on negotiated takeovers than on takeovers initiated by bidding. With regard to Hypothesis III, we find weak evidence that insiders associated with acquiring firms seek fewer but more profitable takeovers after the introduction of tighter regulations. / Business, Sauder School of / Graduate

The subject of this diploma work is to analyze proposals of fiscal consolidations in the Czech Republic and their following implementation in the years of 2002 to 2012. This work is trying to answer a question whether these proposals of the fiscal consolidaions were elaborated in agreement with research conclusions in the given field and whether they were successful in the sense of reduction of a deficit of the public budgets and public debt. In the first part of this work recent empirical studies with the following recomendations in the terms of realization of a fiscal consolidation are presented. Subsequently, a theoretical background in the form of keynesian and, so called, non-keynesian (expansionary fiscal consolidation hypothesis) effects of consolidation on economy is discussed. In the second part of this work an analysis of the proposals and implementation of the fiscal consolidations in the Czech Republic are presented with an attention to the evolution of the public budgets deficits and the public debt dynamic. The work uses, so called, narrative approach which is based on a study of open public documents from the archives of the Ministry of Finance of the Czech Republic, Parliament of the Czech Republic and the Czech National Bank. In the conclusions of this analysis it is stated that not a single implemented fiscal consolidation was successful in the terms of a reduction of the public budgets deficits and the public debt.