Current Account Contract The thesis focuses on the matter of a current account. The aim of the thesis is an excursion to the previous legislation, but primarily an analysis of the current applicable and effective legislation of the Czech Republic. The main goal is a comparison of the regulation of a curent account in the Commercial Code with the regulation in the "Payment System Act", since this act brought significant changes to the adjustment of payment systems. The thesis is divided into ten chapters. The first two chapters provide a general introduction of a current account and describes the importance of a current account in an everyday life. Chapter Three presents general legal characteristic of the Current Account Agreement according to the applicable and effective legislation at the moment of thesis handover and also contains the evolution of the related legislation. Chapter Four is dedicated to the subjects of the Current Account Agreement. This chapter offers a comprehensive view on the subject from the perspective of the Commercial Code and the Payment System Act as well. Chapter Five discusses the requirements of a current account. First subchapter contains obligatory requirements, second subchapter consists of facultative requirements, mainly according to the Commercial Code. Chapter...

La thèse vise à identifier, dans un premier temps, l’influence du timing de versement des dividendes des sociétés françaises cotées sur les cours boursiers. Elle cherche à identifier, dans un deuxième temps, les déterminants du timing de versement des dividendes. La démarche retenue pour argumenter ces propos est la suivante : dans une première partie, nous avons posé notre cadre théorique. Le positionnement de la thèse dans l’ancrage de la théorie politico-contracteulle et la théorie des signaux nous a orienté vers l’étude du contenu informationnel du timing de versement des dividendes dans un premier temps et à identifier ses déterminants dans un deuxième temps. La seconde partie est consacrée à l’étude empirique réalisée auprès de 69 entreprises initiatrices de dividendes cotées à l’indice SBF 120 durant l’année 2007 afin de répondre à notre premier objectif, et portée sur un échantillon de 57 sociétés françaises distributrices d’un dividende annuel durant la période 2003-2009 afin de répondre à notre second objectif. S’agissant de notre premier objectif, le recours à la méthodologie des études d’évènement a révélé que les cours réagissent à la date de versement des dividendes ce qui confirme que le timing de versement des dividendes possède un contenu informationnel. Quant à notre second objectif, les dispositions réglementaires souples sur la fixation de la date de versement du dividende et son emploi en tant que signal émis de la firme vers le marché posent la question du choix de cette date dans le contexte français à système juridique civil connu pour la protection des intérêts des actionnaires minoritaires. Les résultats de la littérature antérieure restent timides en raison de leur focalisation sur la date de versement du premier dividende – et notamment sur la probabilité d’initier un dividende suite à l’introduction en bourse. Les résultats de notre étude empirique confirment l’impact significatif de la présence d’un actionnaire majoritaire, de la profitabilité, de la liquidité et de la durée de versement du dividende précédent sur la fixation de la date de versement de cette année. Cet impact semble se manifester à travers une limitation de la durée entre la date de l’assemblée des actionnaires et la date de paiement effectif des dividendes et une reconnaissance de cette durée comme étant une bonne nouvelle par rapport aux autres signaux émis par l’entreprise au marché boursier. / The purpose of this study is to identify the informational content of the dividend pay date and its determinants. Namely, is there information in the timing of the dividend payments? The empirical evidence indicates that the market reacts at the dividend pay date. Mean excess returns of stock prices on the pay date are significantly positive and are insignificant and negative around the entire population of dividend pay dates. On the other side we are interested in the determinants of the dividend pay date. Our multivariate analysis shows that the ownership structure, the liquidity of the firm, the result, and the previous timing of dividend payment influence the fixing of the dividend pay date. This impact is shown as shorten as the delay between the date of the general meeting and the dividend pay date. This duration is considered as good news and can be a signal employed to attract new investors in the stock market.

In den letzten Jahren geriet die sogenannte fehlende Zahlungsmoral von Unternehmen und deren negative Auswirkungen immer wieder in die Schlagzeilen der Tagespresse. Obwohl derartige Klagen immer wieder laut werden, existieren bisher kaum systematische Untersuchungen, die sich mit den Ursachen fehlender Zahlungsmoral und den Vermeidungsmöglichkeiten beschäftigen. Vor diesem Hintergrund soll mit der vorliegenden Studie das Problem der "Zahlungsmoral" für das Handwerk im Raum Leipzig näher untersucht werden. Die Ziele der Studie können insbesondere durch die folgenden drei Fragestellungen umrissen werden: Welchen Umfang haben Unregelmässigkeiten tatsächlich? Wie sehen die betroffenen Handwerksbetriebe die Situation? Welche Faktoren führen zu einem unregelmäßigen Zahlungsverhalten von Kunden?

The first chapter of the thesis generally deals with international sales contract (legal regulations, concluding contracts, substantial and unsubstantial terms, execution of contract). The second chapter defines the main payment conditions and two types of risk (credit risk and exchange rate risk). The third chapter focuses on delivery conditions, especially on brand new edition of ICC trade terms INCOTERMS. This chapter mentions also questions of insurance. The final chapter analyses three international sales contracts and their terms. The analysis focuses on payment and delivery conditions, the two important terms with impact on price and the whole transaction.

This final thesis is focused on the theory of international contract. It opens various sections and tools, that are needed to ensure contract, and explains mechanism of working of those tools in international trade.

This diploma paper consists of 5 main parts. First part is focused on buying contract in general. Two parts which follow are dealing with two of it's important parts-terms of delivery and terms of payment. Next part is explaing the influece of terms of delivery on price and the influence of terms of payment on costs of a certain transaction. Last part is focused on the usage of both, terms of delivery and payment, demonstrated on a real company.

The diploma thesis deals with the current legislation of a payment order procedure. It is focused on issues for which legislation does not have an explicit answer. The thesis in particular with the help of generalized conclusions from more significant court decisions tries to find solutions for situations that occur more or less often during the payment order procedure, but are not dealt with uniformly in the practice of lower courts. The existing legislation is also compared with a possible future modification in the new civil procedure code. At first, the concept of the payment order procedure and its basic principles are defined. Furthermore, the importance of this form of procedure for the current Czech judiciary is evaluated, as it helps to speed up and simplify activities of judiciary. This is also achieved by involving court emloyees in decision-making acitivity, whose specifics are also described by the thesis. The following sections are focused on a payment order, an electronic payment order, a payment order under a bill of exchange or a cheque and a European order of payment. The conditions for issuing a given type of decision, its content and the defense options of the defendant are always interpreted. The differences between each sub-type of payment order procedure from general civil proceedings...

The Law and Regulation of Payment Services Abstract The thesis deals with the subject of payment services, especially in the context of the Payment Services Directive 2, which recently came into force. The aim of the thesis is to evaluate which activities on the financial market are subject to regulation of payment services, to identify the persons authorised to provide payment services and to analyse certain rights and obligations arising between payment service users and payment service providers. The author also tries to analyse the changes brought by the Payment Services Directive 2 into the Czech law and considers the possible impact of such legislation on the payment services market and on the persons operating on it. The thesis is divided into five chapters, the first chapter deals with individual payment services; the second chapter defines activities that are out of the scope of payment services. The next chapter contains an overview of both Czech and EU law applicable to payment services, payment service providers and their activities. The fourth chapter is dedicated to the persons authorized to provide payment services and the fifth chapter describes the legal relationships arising when providing payment services, focusing mainly on the payment service contract, information duty of payment...

I denna uppsats har aktiekursutveckling undersökts med utgångspunkt hur aktiekurserna påverkas vid kungörelse av företagsförvärv. En eventstudiemetod, med en marknadsmodell-estimering, har använts för att se hur anormal aktiekursutvecklingen har varit kring kungörelsen av förvärven. Aktiekursdatat är tagit från Stockholmsbörsen, där svenska köpande företags aktiekurser använts. Utöver den övergripande aktiekursutvecklingen undersöks om utvecklingen påverkas vid val av betalningsmetod, samt om det finns någon påverkan vid gränsöverskridande kontra inhemska förvärv. För de 100 förvärven som inkluderades i urvalet, påvisar resultaten att förvärven är mervärdeförstörande i snitt. Resultaten var även att förvärv där aktier används som betalningsmetod hade en mer positiv aktieutveckling än då kontanter användes. Gällande gränsöverskridande kontra inhemska förvärv, visade gränsöverskridande förvärv generellt en högre aktieavkastning. / This paper examines the stock development when an acquisition is announced between two listed companies. The paper will rely on the event study methodology and a market model for the estimation of the abnormal returns on the stock market as a result of the announcement of the acquisitions. Source of the data is the Stockholm Stock Exchange, the bidding companies in question are all Swedish. In addition to the overall performance of the stock market, the paper will cover if method of payment and if cross-border acquisitions influences the market reactions. For the 100 acquisitions which have been included in the population, the results show that the acquisitions are in fact value reducing. Furthermore, the results show when stock is used to finance the acquisitions, the announcement has a more positive impact on the stock development in contrast to when cash is used. Regarding cross-border versus domestic acquisitions, cross-border acquisitions have a more positive impact on stock development.

Abstract Background: Around 45% of Swedish consumers canceled their online purchase in 2018, due to too high delivery fees and issues concerning payments. This research is focusing on e-payments by utilizing the Technology Acceptance Model 3 and its determinants perceived usefulness and perceived ease of use, and how they contribute to the e-payment method decision. Additionally, the relevance of online trust and online security are examined in relation to purchasing cancellations due to trust and security issues in e-payment methods.   Purpose: The purpose of this research paper is to understand how Swedish millennial consumers’ perceptions of online security and online trust of e-payment methods effect on online purchasing cancellation. Furthermore, this paper examines how perceptions of usefulness and ease of use contribute as determinants in choosing between e-payment methods according to Swedish millennial consumers.   Method: The research is carried out in a qualitative manner by conducting a series of semi-structured face-to-face interviews. Fifteen Swedish millennials contributed to the empirical study. The gathered primary data is analyzed and then presented in chapter 4 and connected to the existing literature in chapter 5.   Conclusion: For the Swedish millennials, both online trust and online security are perceived as important determinants when evaluating whether or not the e-payment method could be used. When choosing between different e-payment methods, perceived ease of use seemed to be more important. Additionally, the decisions are made based on which e-payment method is secure, trustworthy, and easy to use. The presence of those determinants also increases perceived usefulness. When making purchases online domestically it appears that perceived ease of use and perceived usefulness weight heavier. While trust and security are given more importance if the purchase is made from a foreign website.