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The main goal of this thesis is to suggest a concept of financial planning for business valuation. Entry chapters are dedicated especially to the examination of differences between financial plan as one of company's activities and plan for business valuation. In the following chapter key parameters essentially influencing company's value (value drivers) are described. Two of them are accented: rate of growth and invested capital which is necessary for company's main business including its rate of return. I examine an impact of historical growth of the company, growth based on analyst's estimates and fundamental growth of the company on company's growth rate in the extraordinary growth period (first stage). In the next part I pay attention to factors and empirical studies influencing long term rate of growth. Then the rate of similarity of accounting invested capital and invested capital for business valuation and its impact on rate of return of invested capital is analysed. I point out intangible assets and in Czech accounting principles financial leasing assets. Then the relationship between rate of return of invested capital and costs of capital is described; the length of the first stage is suggested; use of models, which are necessary for transition of the company to its steady state is suggested; there are company's key characteristics, which change together with stabilization of the company, identified and there are advantages and disadvantages of value drivers formula and Gordon growth formula discussed. An empirical study dealing with planning for business valuation in the Czech Republic, where business valuation experts took part, was accomplished. The results of the study are presented in several different parts of this thesis.

Selection for increased encephalization in humans necessitated extensive brain growth after birth. To estimate changes in rates of growth and corresponding shape changes during gestation and infancy, chord and arc distances were obtained from the frontal, parietal, and occipital bones of 44 human fetuses, neonates, and infants (one year old and younger). Rates of growth in chord and arc measurements were calculated and compared using linear regression of log-transformed variables, followed by ANCOVA. Curvature of bone lengths and widths were estimated by chord/arc indices. Fetal rates of cranial growth were significantly slower while the fetal frontal and occipital bones were significantly more curved than those of infants. Fetal rates of cranial growth decrease during the first six postnatal months, in conjunction with rapid changes in shape, except for parietal superior-inferior height where bossing of the bone is similar in fetuses and neonates.

Diss. (sammanfattning) Linköping : Linköpings universitet, 2007. / Härtill 4 uppsatser.

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This paper aims to explore the relationship of social spending and the economic development of the country or region. Work in the first, theoretical part deals with basic theories of economic growth and their view of the state expenditure on social policy. Due attention is also paid to the basic concepts and types of social policies that significantly affect the size of social spending in the marketing area. As part of the theoretical work will be fundamental characteristics of the measuring instruments for economic growth and social spending. In the second, analytical, part of the thesis will deal with empirical data comparing the economic development with the evolution of the size of social spending in several selected countries. The analysis of this part of the work will be characteristic of otherfactors, the relationship of economic growth and social spending determine, influence, and to some extent and explain, such as unemployment, public revenues and public state debt.