The aim of this thesis was to create an overview and comparison of sources of corporate financing with regard to the synthesis of economic and legal theory and practice. The result is a brief overview of the sources of corporate financing, which is useful for one-study candidate, for whom it represents an opportunity to become acquainted with the problems that it is closely related to their focus, but often in a single-subject publications is not fully discussed. Secondly the thesis is a useful study tool t for those interested in a comprehensive familiarization with the problems on the border between the economic and legal field. Within the legal field, I have focused on a list of the most important changes in connection with the recodification of private law in the Czech Republic. The aim of this thesis is certainly not to pursue individual aspects at the highest possible detail. In the first chapter, I firstly laid terminological and theoretical basis of the work, so that the reader is already familiar in the introduction to the nomenclature, and the differences arising from differences in the use of terms within the legal and economic theories. I also explicated terms of financial management and basic types of split of financing. In the second chapter, I focused on basic economic factors...

Este estudo avaliou estrutura de capital das companhias abertas brasileiras, no período de 2005 a 2012, verificando o papel das fontes de financiamento nas quais tais companhias se baseiam. Para tanto, a proporção das dívidas em três fontes distintas foram avaliadas: as instituições financeiras, o mercado de capitais e as fontes com taxas de juros subsidiadas, esta representando um fator institucional da economia brasileira. Foi utilizada uma amostra de noventa e cinco empresas dentre as cento e cinqüenta maiores empresas com ações negociadas na BM&FBOVESPA. Por meio de modelos com dados em painel, os resultados mostram que as fontes de financiamento exercem influência na formação da estrutura de capital das empresas via alavancagem e maturidade das dívidas. Em relação à alavancagem, empresas que tem maior proporção de seus recursos captados no mercado de capitais são mais alavancadas. O mesmo não acontece com as empresas que tem maior proporção de recursos subsidiados. Foram encontradas evidências de que as firmas com maior proporção de recursos no mercado de capitais são as maiores, menos rentáveis, com maior proporção de ativos tangíveis, menos arriscadas e com menores oportunidades de crescimento. Em relação à maturidade das dívidas, recursos de diferentes maturidades são captados em diferentes fontes: os recursos de menores maturidades são captados via instituições financeiras e os recursos de maiores maturidades são captados no mercado de capitais e nas fontes com taxas de juros subsidiadas (leia-se BNDES). Comparando-se os recursos do mercado de capitais com os recursos subsidiados, verificou-se que as companhias tem se utilizado do mercado de capitais para seus financiamentos de maior maturidade. Os recursos subsidiados tem sido utilizados para maturidades intermediárias. Os resultados podem ser justificados devido ao crescimento do mercado de capitais brasileiro nos últimos anos, a partir de 2009, dada a Instrução CVM Nº 476/09, apontando evidências de que as companhias estão alterando a forma como se utilizam das fontes de financiamento para compor sua estrutura de capital. / This study evaluated the capital structure of Brazilian listed companies, in the period from 2005 to 2012, verifying the role of sources of financing in which this companies rely for their funding. Therefore, the proportion of debt in three distinct sources were evaluated: financial institutions, capital markets and sources with subsidized interest rates, this representing an institutional factor of the Brazilian economy. A sample of ninety five companies, among the one hundred fifty largest companies listed on the BM&FBOVESPA, was used. Using models with panel data, the results show that the sources of financing exert influence on the capital structure of firms in two ways: via leverage and debt maturity. Regarding leverage, firms that have a higher proportion of their funds raised in the capital market are more leveraged. The same is not true for companies that have a higher proportion of subsidized resources. Were found evidence that firms with higher proportion of funds raised in the capital market are larger, less profitable, with higher proportion of tangible assets, less risky and lower growth opportunities. Regarding maturity of the debt, resources of different maturities are raised in different sources: resources of smaller maturities are raised through financial institutions and resources of larger maturities are raised in the capital markets and sources with subsidized interest rates (read BNDES). Comparing the features of the capital market with subsidized resources, it was found that the companies has used the capital market for their financing of longer maturity. Subsidized resources have been used for intermediate maturities. Results can be justified due to the growth of the Brazilian capital market in recent years, from 2009, given to Instruction CVM Nº 476/09, pointing out evidence that companies are changing the way they use the sources of financing to compose its capital structure.

The aim of this thesis was to evaluate the effectiveness of the investment project, the source of its financing and the impact on the financial situation of the company. During the evaluating of the investment a capital expenditure and income resulting from it is necessary to establish. Terms of time value of money and the risks are connected with this. After this the project can be assessed with fundamental methods of evaluation efficiency of investment, such as net present value or internal rate of return. Researched investment was the acquisition of fixed assets needed for a new way of catching poultry PEER System. Based on fundamental investment efficiency evaluation methods, this project was assessed at various forms of financing, which was evaluated using method of discounted costs, from this, financing by debt and subsidies was the best form. The project's impact on the company's financial situation was found by selected indicators of financial analysis, such as return on equity and sales, total indebtedness, current ratio and others. With this analysis was proved, that the realization of project did not impact fundamentally the situation of company, which is financially stable.

The aim of this thesis is to introduce the basic terminology used in the financial management, to characterize the development of financing business field and the availability of various funding sources. To elaborate particularly the area of bank credit products and tools for their comparison. To analyze the current condition of funding sources and suggest prospective measures in the financing structure considering the requirements of corporate strategy in selected unnamed company. The thesis is divided into two parts, a theoretical and practical part. The theoretical part includes basic terms and relations between them. In the practical part there is an analysis of funding sources of the company from 2008 to 2010 and there is determined the most optimal funding source for the investment project, which is the purchase of recycling and sorting line.

Este estudo avaliou estrutura de capital das companhias abertas brasileiras, no período de 2005 a 2012, verificando o papel das fontes de financiamento nas quais tais companhias se baseiam. Para tanto, a proporção das dívidas em três fontes distintas foram avaliadas: as instituições financeiras, o mercado de capitais e as fontes com taxas de juros subsidiadas, esta representando um fator institucional da economia brasileira. Foi utilizada uma amostra de noventa e cinco empresas dentre as cento e cinqüenta maiores empresas com ações negociadas na BM&FBOVESPA. Por meio de modelos com dados em painel, os resultados mostram que as fontes de financiamento exercem influência na formação da estrutura de capital das empresas via alavancagem e maturidade das dívidas. Em relação à alavancagem, empresas que tem maior proporção de seus recursos captados no mercado de capitais são mais alavancadas. O mesmo não acontece com as empresas que tem maior proporção de recursos subsidiados. Foram encontradas evidências de que as firmas com maior proporção de recursos no mercado de capitais são as maiores, menos rentáveis, com maior proporção de ativos tangíveis, menos arriscadas e com menores oportunidades de crescimento. Em relação à maturidade das dívidas, recursos de diferentes maturidades são captados em diferentes fontes: os recursos de menores maturidades são captados via instituições financeiras e os recursos de maiores maturidades são captados no mercado de capitais e nas fontes com taxas de juros subsidiadas (leia-se BNDES). Comparando-se os recursos do mercado de capitais com os recursos subsidiados, verificou-se que as companhias tem se utilizado do mercado de capitais para seus financiamentos de maior maturidade. Os recursos subsidiados tem sido utilizados para maturidades intermediárias. Os resultados podem ser justificados devido ao crescimento do mercado de capitais brasileiro nos últimos anos, a partir de 2009, dada a Instrução CVM Nº 476/09, apontando evidências de que as companhias estão alterando a forma como se utilizam das fontes de financiamento para compor sua estrutura de capital. / This study evaluated the capital structure of Brazilian listed companies, in the period from 2005 to 2012, verifying the role of sources of financing in which this companies rely for their funding. Therefore, the proportion of debt in three distinct sources were evaluated: financial institutions, capital markets and sources with subsidized interest rates, this representing an institutional factor of the Brazilian economy. A sample of ninety five companies, among the one hundred fifty largest companies listed on the BM&FBOVESPA, was used. Using models with panel data, the results show that the sources of financing exert influence on the capital structure of firms in two ways: via leverage and debt maturity. Regarding leverage, firms that have a higher proportion of their funds raised in the capital market are more leveraged. The same is not true for companies that have a higher proportion of subsidized resources. Were found evidence that firms with higher proportion of funds raised in the capital market are larger, less profitable, with higher proportion of tangible assets, less risky and lower growth opportunities. Regarding maturity of the debt, resources of different maturities are raised in different sources: resources of smaller maturities are raised through financial institutions and resources of larger maturities are raised in the capital markets and sources with subsidized interest rates (read BNDES). Comparing the features of the capital market with subsidized resources, it was found that the companies has used the capital market for their financing of longer maturity. Subsidized resources have been used for intermediate maturities. Results can be justified due to the growth of the Brazilian capital market in recent years, from 2009, given to Instruction CVM Nº 476/09, pointing out evidence that companies are changing the way they use the sources of financing to compose its capital structure.

This final thesis deals with various ways of financing a business which are discussed from both economic and legal perspective. The purpose of the thesis is to provide an overview of main possibilities how to finance a business together with stating the related legislation. Different sources of financing are assessed according to their costs, accessibility, flexibility and other criteria. The financing solutions stated in the thesis are discussed mainly from point of view of joint-stock company. In some cases, the author points out also the legislation related to limited liability company. The thesis is divided into four chapters that are further subdivided. The aim of Chapter One is to provide a basis for the following chapters. It includes definitions of the main terms, short overview of the most important legislation which is relevant to the topic, different approaches to classification of financial sources and also the key factors which influence the choice between various solutions when financing a business. Chapter Two examines sources of financing which are related to shareholders' equity. Major part of this chapter deals with creation of and increase in registered capital. The question whether to pay out the profit to the shareholders or to use it for future development of the business is...

The diploma thesis "Investment controlling and its application in a particular company" focuses on principle features of investment controllership and its application in practice. The theoretical part summarizes theoretical knowledge of the field of the investment decision-making and investment controllership. Attention is devoted specially to basic terms and methods used in this field. The practical part deals with analyses of recent stage of investment controllership usage in the ABC, s. r. o. company. According to project results the advantages and insufficiencies of recent stage are evaluated including suggestions for future improvements.

The diploma thesis deals with the proposal of a possible way of financing the reconstruction of Charles Square in Třebíč and choosing the optimal variant. The theoretical part summarizes all important concepts related to the theme of the diploma thesis. These include public administration in the Czech Republic, central and local budget systems, selection procedures and funding sources. In the practical part are found the ways of financing the urban investment, both own and foreign. These may include credits and grant titles.

The main objective of this thesis is a business plan - buying a new machine. The operational objective is to design a variety of financing options and choose the best of them, and then assess the efficiency of investment. The theoretical part is focused on the definition of basic concepts relating to the company and its surroundings, business plan, risk assessment and evaluation of economic efficiency of investment. In the practical part deals with specific business purpose and the purchase of a new machine in the company. I'm thinking here of various financing alternatives and then choosing the best of them while judging whether the investment is acceptable for the company or not.

Master´s thesis concerns about financing of business activities of the selected company. Master´s thesis is divided into 3 main parts, theoretical, analytical and proposal part. The theoretical part focuses on financial analysis and available methods of financing business acitivites and analytical part contains theoretical knowledge applied to the selected company. The last part of the master´s thesis, proposal part contains solution increasing financial stability and leading to desirable development of business activities of the selected company.