Background: During extreme market conditions like the period during fall 2008 the discussion of what affects company value becomes apparent. The capital structure is the relation between borrowed capital and equity in a company´s financing mix. What impact changes in capital structure have on company value is a widely debated subject within the theory of finance. If a relationship between capital structure and company value exists the implication is that an optimal capital structure where company value is maximized also exists. Aim: The aim of the thesis is to study whether a certain relationship between capital structure and company value exists among selected stocks and companies listed on Stockholmsbörsens OMXS30. Implementation: With aim to fulfill the purpose of the thesis regression analysis has been performed among chosen stocks and companies. The empirical results eventuating from this have been analyzed from the view of elected relevant theory. Completion and results: We find that during normal market conditions a positive relationship between debt ratio and enterprise value (EV) can be established. During more turbulent periods the results is more scattered. The results of this thesis is more evidence that the debt´s gear on equity is what mainly impacts price movements on the stock market and affects value, where high debt will pay off during favorable conditions and be costly during bad conditions, rather than a specific capital structure. A certain relationship between capital structure and company value cannot be established. The results of this thesis is also evidence pointing out the difficulties in measuring the relationship between two variables where one is the daily quoted market price of equity, which is greatly affected by market psychology et cetera, and the other, capital structure, is only to be measured during interim- and annual reports.

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This diploma thesis is focused on practical use of know how acquired by studying Business Valuationon at VSE Praha. The thesis is based on procedures adopted mainly from book of prof. Mařík. The purpose of work was to valuate core business of the company Ferona a.s. as the sum of values of individual campanies of the group by DCF method and market comparison approach.

This thesis deals with the valuation of the Czech football clubs. The aim of this thesis is to define the value of selected Czech football clubs. For this purpose, we selected two Czech football clubs. It is a professional club Bohemians 1905 Praha and an amateur club FC Melnik. Company valuation is based on data from publicly available sources. The theoretical part deals with the concepts of valuation, valuation approaches, the functioning of football in the Czech Republic and the specifics of doing business in this branch. The practical part applies the selected methods to individual clubs and sets the value of clubs. In the process of valuation the clubs are presented and their analysis is worked out. CVM and asset metod are applied for the valuation itself.

The thesis deals with the valuation of the European football clubs. The main aim of the thesis is to determine the value of the English football club Arsenal FC for the purpose of entering a potential investor to the company. The value of the club refers to the May 31 2012. Valuation is based on data from publicly available sources, mainly information from the annual reports of the club are used. First, the basic valuation terms and methods are explained. Then specifics of football environment and approaches for valuation of sport clubs are discussed. Subsequently, financial and strategic analysis of the company is applied in the process of valuation. The yield method of discounted free cash flow to the firm (FCFF) is applied for the company valuation. Asset methods (book value of property and property valuation on the principle of market prices) and market method (market capitalization) are used as additional methods.

The master's thesis deals with the determination of estimated market value of the pharmaceutical company Novartis Ltd. based on publicly available information for the needs of the owner and management. The estimated value of company refers to December 31, 2011. For this purpose, first, it is necessary to do a development analysis of macroeconomic indicators in the Czech market and analysis of pharmaceutical industry. In addition, the subsidiary company of Swiss group, but necessary also parent company as its the most "business partner" are presented. It is followed by financial analysis of the subsidiary branch Novartis Ltd., prognosis of value drivers, financial plan. In the final part of thesis, on the basic of the financial plan and assumption of company's continued existence, the value of company is determined, using discount methods with free cash flow to the equity.

This Master thesis deals with the valuation of the company Linet spol. s.r.o. to the date December 8, 2012. As a valuation method was used the earnings valuation method based on discounted free cash flow to the company. Except of value of the company, there is determined internal value of private equity. Financial analysis of the company and strategic analysis are applied in the process of valuation. Process of valuation is based on financial plan and another input variables such as avarage cost of capital. Delivery of the statement of the company value is followed by valuation. A single-factor sensitivity analysis has been carried out too. It focuses on individual factors that affect the final value of the company.

The main goal of this Master's Thesis is to determine the value of Poděbradka, a.s. as at 31 March 2015. Free cash flow to the firm model has been used for the valuation purposes. The work includes strategic and financial analyses which are used as a basis for financial plan. Consequently, discount rate is calculated and used further in the thesis. The main valuation method is supported by minor methods that are based on market comparison. Comparative analysis based on comparable traded companies and comparable transactions was performed. The thesis also include sensitivity analysis that explores influence of key factors on the enterprise value.

The master’s thesis deals with the subjective value of stock company IFE-CR, a.s. via selected revenue method. Value estimation will be made to 31. December 2013. The teoretical part explains the main concepts and describes the methodological approaches, related to the company value estimation. Theoretical basis of literature search are developed and applied to specific businness entity in practical part. This part introduces the evaluated company, includes the results of the strategic and financial analysis and in the final stage also the suggestion of value estimation.

Выпускная квалификационная работа (магистерская диссертация) посвящена исследованию влияния дивидендной политики на инвестиционную привлекательность предприятия. Предметом исследования выступают экономические отношения, возникающие в процессе формирования и реализации дивидендной политики. Основной целью магистерской диссертации является рассмотрение влияния дивидендной политики на инвестиционную привлекательность компании. В заключении обозначены рекомендации по оптимизации дивидендной политики с целью повышения инвестиционной привлекательности. / Final qualifying work (master's thesis) is devoted to the study of the impact of dividend policy on the investment attractiveness of the enterprise. The subject of the research is the economic relations arising in the process of formation and implementation of dividend policy. The main purpose of the master's thesis is to consider the impact of dividend policy on the investment attractiveness of the company. In conclusion, recommendations for optimization of dividend policy with the aim of increasing investment attractiveness are indicated.