Bakgrund: År 2016 infördes lagen om tidsbestämd obligatorisk byrårotation för företag av allmänt intresse in i svensk lagstiftning. Definitionen "företag av allmänt intresse" innefattar börsnoterade företag och vissa finansiella företag. Regeln om obligatorisk byrårotation ingick i EU:s så kallade revisionspaket. Tanken med EU:s revisionspaket var att förbättra revisionskvaliteten och stärka reviorns oberoende för medlemsländerna. Det fanns även ett behov av att stärka förtroendet för revisionen efter alla revisionsskandaler som inträffat. Tidigare forskning anser att det finns både för- och nackdelar med obligatorisk byrårotation. Vissa forskare menar att revisionskvaliteten ökar av obligatorisk byrårotation medan andra menar att revisionskvaliteten minskar. Således är det intressant att studera vilken påverkan obligatorisk byrårotation har på revisionskvaliteten samt revisionens legitimitet. Problemformulering: Hur påverkas revisionskvaliteten och revisionens legitimitet av obligatorisk byrårotation? Syfte: Syftet med studien är att utifrån ett revisorsperspektiv undersöka hur obligatorisk byrårotation påverkar revisionskvaliteten samt allmänhetens förtroende för revisionen. Studien syftar således till att skapa en ökad förståelse kring hur revisionskvaliteten och revisionens legitimitet påverkas av obligatorisk byrårotation. Metod: Studiens tillvägagångssätt var kvalitativt och datainsamlingen bestod av sex stycken semistrukturerade intervjuer. Alla informanter har revisorsbakgrund. Resultat och slutsats: Studien visar att obligatorisk byrårotation har en övervägande positiv påverkan på såväl revisionskvaliteten som revisionens legitimitet. Detta gäller för både börsnoterade företag och finansiella företag. Obligatorisk byrårotation motverkar långvariga relationer mellan revisor och klient. Samtidigt går kunskap om ett företag förlorad när det genomförs en byrårotation. / Backgrounds: In 2016, mandatory audit firm rotation was confirmed as a new law for public interest entities into Swedish legislation. The definition of "public interest entities" include listed companies and certain financial undertakings. The mandatory audit firm rotation rule was included in the EU audit package. The idea with the audit package was to improve the audit quality and increase the auditor independence for the member states of EU. There was also a need to improve the legitimacy confidence in the audit after all the scandals that occurred. Previous research finds that there are both advantages and disadvantages with mandatory audit firm rotation. Some research shows that the audit quality increase by mandatory audit firm rotation, while some shows that the audit quality decrease. Thus, it is interesting to study the impact of mandatory audit firm rotation on audit quality and audit legitimacy. Questions: How does the audit quality and the audit legitimacy affect by mandatory audit firm rotation? Purpose: The purpose of the study is to investigate, form an auditor's perspective, how mandatory audit firm rotation affects audit quality and public confidence in the audit. The study thus aims to create an increased understanding about how audit quality and audit legitimacy are affected by mandatory audit firm rotation. Method: The study's approach was qualitative and the data was collected by six semi-structured interviews. All informants have background in the audit profession. Result and conclusion: The study shows that mandatory auditor rotation has a predominantly positive impact at the quality of the audit and the audit legitimacy. This applies to both financial undertakings and listed companies. Mandatory auditor rotation decreases the risk of counteracts long-standing relationships between the auditor and tha client. At the same time, knowledge of a company is lost when an audit firm rotation is implemented.

Made available in DSpace on 2016-06-02T20:00:27Z (GMT). No. of bitstreams: 1 1512.pdf: 20900757 bytes, checksum: 0371564345358483e17b5e7f5a330fc1 (MD5) Previous issue date: 2007-06-15 / Financiadora de Estudos e Projetos / The action of the Human Being about the environment has promoted alterations in the natural characteristics which resulted in the resources degradation and a problem related to the quality of the present and future life in the city. The pressure of the growth of urban population and the difficulty of the city to supply, in the same velocity, the substructure demand, have created a disqualification of some urban spaces, and even an implication to the natural environment. On the other hand, in the last decades has appeared the sustentability concept that brings a perspective of a human action more responsible, concerning to the natural environment and to the future generations. Under these points, the propose is to analyse the tendency of the ecological sustentability in urbanistic undertakings projects of São Carlos City / SP, with the objective in helping with the definition and the development of Public Municipal Politics, mainly in small and medium ones. The analysis has been done since the collected data in iconographic material like maps and photos, visits in loco and investigation in some Public Organizations Processes. Besides, historical, cultural and spatial approaches have been done. In order to analyze the sustentability of the select undertakings, specific variables related to environmental aspects were adopted. In this way, a lot of causes of disadvantageous tendencies were detected and it results from the lack or inappropriation of the projects of different parts of the undertakings, and even more, the incorrect use of them, and besides that, because of the necessity of incorporation of sustentability principles in the society action. In this investigation were possible to compare the undertakings, to evaluate the grade and difficulty of use, the behaviour of the used subcomponents, and do some suggestions. / A ação do ser humano sobre o meio ambiente provocou alterações nas características naturais que resultaram na degradação dos recursos, comprometendo a qualidade de vida presente e futura na cidade. A pressão do crescimento populacional urbano e a dificuldade da cidade em suprir, na mesma velocidade, a demanda de infra-estrutura, tem gerado a desqualificação de certos espaços urbanos, bem como o comprometimento do meio ambiente natural. Por outro lado, nas últimas décadas tem-se visto surgir e afirmar-se o conceito de sustentabilidade, que traz a perspectiva de uma ação humana mais responsável, não só em relação ao ambiente natural, mas também em relação às futuras gerações. É sob esses pontos que se propôs analisar a tendência da sustentabilidade ecológica em empreendimentos urbanísticos da cidade de São Carlos/SP, com o intuito de auxiliar na definição e no monitoramento de políticas públicas municipais, especialmente em municípios de pequeno e médio porte. A análise foi realizada a partir dos dados coletados em materiais iconográficos (mapas e fotos), visita in loco e análise de processos de diversos órgãos públicos. Também foram feitas abordagens históricas, espaciais e culturais. Para análise da sustentabilidade dos empreendimentos selecionados foram adotadas variáveis específicas relacionadas aos aspectos ambientais. Desta forma, puderam ser detectadas várias causas de tendências desfavoráveis decorrentes tanto da falta ou inadequação dos projetos de diferentes partes dos empreendimentos, quanto de implantações e usos incorretos deles, além da ausência da incorporação dos princípios de sustentabilidade nas práticas da sociedade. A partir deste levantamento foi possível comparar os empreendimentos, avaliar o grau e dificuldade do uso e o comportamento dos subcomponentes utilizados, e fazer algumas recomendações.

Chinese Antimonopoly Law in the Light of Competition Law of the European Union: Comparative Perspective. The subject of the thesis is the comparative analysis of Chinese antimonopoly law and competition law of the EU. The thesis aims to identify the traces of the competition law of the EU in Chinese antimonopoly law as well as analyze transplanted legal concepts, in order to determine, whether these concepts are endowed with the same normative reach. The first part of the thesis provides brief introduction into the history of antimonopoly law in PRC. Following chapters analyze relevant parts of AML and implementing regulation, which are after short description of the corresponding arrangement in European law compared with the latter. General principles and definitions, which are applicable in all pillars of competition law, are dealt with in the first place. Further the analysis of the agreements restricting competition, abuse of dominance, as well as mergers of undertakings follows. With regard to the importance of effective application of antimonopoly law in practice, a short chapter is also devoted to the role of courts in implementation of antimonopoly law in PRC. The closing part sums up the pillars of competition law, which have been built on the model of the competition law of the EU and...

The financial analysis of Hybler Textil, s. r. o. evaluates this company in phase 2005 - 2008. I aplicated creditworhty and bankrupty models, economic value added and comparison with other undertakings.

Transfer of Undertakings Abstract This thesis elaborates on the transfer of undertakings safeguarding employees, rooted in the European legislation in the Council Directive 77/187/EEC of 19 February 1977, replaced by the Council Directive 2001/23/EC of 12 March 2001 on the approximation of the laws of the Member States relating to the safeguarding of employees' rights in the event of transfers of undertakings, businesses or parts of undertakings or businesses. Firstly, the European legislation on the transfer of undertakings is briefly analyzed, including its historical transposition into the Czech legal system and an analysis of its interpretation in the case-law of the Court of Justice of the European Union. The analysis of this legislation focuses in particular on the general nature of this institute of transfer of undertakings and on its basic pillars, such as the automaticity of the transfer, the economic unit preserving its identity, the preservation of working conditions and others. The next part of the thesis analyses the Czech regulation anchored in Act No. 262/2006 Coll., the Labour Code, as amended until 29 July 2020, which is gradually compared with the regulation at the European level, highlighting the fundamental differences caused by the somewhat loose transposition of the European regulation...

Made available in DSpace on 2016-04-29T13:31:34Z (GMT). No. of bitstreams: 1 Marilene Zazula Beatriz.pdf: 808804 bytes, checksum: 7355ac78ad7491dbecefe388a6481595 (MD5) Previous issue date: 2007-06-29 / This study has aimed at comparing the senses of Solidary Economics, which is contained in the Base Document of the I National Conference on Solidary Economics, to the sense being applied to the work spaces of an informal work team made up of women from the Moriá community and in order to investigate the coherence and incoherence between what is institutionally discussed and what is actually experienced in the day-to-day of people. This field of study endeavors to find support in the theoretical perspective of the social constructionism by using references such as Singer s Solidary Economics (2006; 2004; 2000; 1999), Mance, (2003), Arruda (2006), Tiriba (2004), Souza (2006), as well as the discursive practices and senses production (Spink, M. J., 2000), in the Social Psychology. The methods which characterize this research are the case study of an informal team work, in depth interviews made with the members of said team, the participative observation of its progress during a year and a half and the analysis of the Base Document, which subsidized the I National Conference on Solidary Economics. This study has enabled us to conclude that closer ties, between the Solidary Economics movement and the social players, are needed in order to legitimize this movement into the day-to-day of people and society groups as a whole / O presente estudo teve como objetivo comparar os sentidos sobre Economia Solidária presentes no Documento Base da I Conferência Nacional de Economia Solidária e os sentidos que estão em uso nos espaços de trabalho, de um grupo de trabalho informal constituído por mulheres da Comunidade Monte Moriá, para investigar as coerências e incoerências entre o que é discutido institucionalmente e o que é vivenciado no cotidiano das pessoas. Busca-se referenciar este campo com a perspectiva teórica do construcionismo social, usando referências da Economia Solidária de Singer (2006; 2004; 2000; 1999), Mance, (2003), Arruda (2006), Tiriba (2004), Souza (2006), bem como das práticas discursivas e produção de sentidos (Spink, M. J., 2000), na Psicologia Social. Os métodos que caracterizam esta pesquisa são o estudo de caso de um grupo de trabalho informal, entrevistas em profundidade realizadas com integrantes do grupo; além da observação participante em relação ao seu progresso durante um ano e meio e a análise do Documento Base que subsidiou a realização da I Conferência Nacional de Economia Solidária. O estudo permitiu concluir que se faz necessário maior aproximação do movimento da Economia Solidária institucionalizado com os atores sociais para torná-lo legítimo no cotidiano das pessoas e grupos da sociedade como um todo

Višnevska V., Lietuvos KIS rizikos ir grąžos palyginamoji analizė: Finansų rinkų studijų programos magistro baigiamasis darbas / vadovas Prof. habil. dr. A. Buračas; Mykolo Romerio universitetas, Ekonomikos fakultetas, bankininkystės ir investicijų katedra. Vilnius, 2007. 69 psl. Šiame darbe pristatomos plačiausiai paplitusios kolektyvinio investavimo subjektų (KIS) rūšys bei galimi jų klasifikavimo bei kategorizavimo pagrindai, apžvelgiami žinotini investicinės grąžos bei investicijų rizikos teoriniai bei praktiniai aspektai, apžvelgiami KIS sektoriaus veiklą reglamentuojantys ES ir nacionaliniai teisės aktai, pristatoma KIS sektoriaus problematika Europos Sąjungoje bei Lietuvoje, pateikiama KIS rizikos bei grąžos kompleksinio vertinimo specifika, pristatomas universalus bet kokio tipo KIS vertinimo algoritmas, įvairiais pjūviais analizuojama jauna LR KIS rinka. Pirmojoje darbo dalyje pristatomas tyrimo objektas, antrojoje bei trečiojoje – tyrimo dalykas, o darbo empirinėje dalyje nagrinėjama reali 2007 metų rugsėjo 30 d. LR egzistavusi KIS įvairovė, sudaromas jų reitingas remiantis atlikta rizikos ir grąžos palyginamąja analize bei trumpalaikės grąžos palyginimu. Remiantis išsamiai pristatytais pasaulinėje praktikoje nusistovėjusiais metodais suklasifikuoti fondai buvo vertinami pagal individualius jų rizikos ir grąžos parametrus naudojantis matematiniais bei analitiniais metodais bei MS Excel duomenų analizės funkcijomis ir rezultatų apdorojimo programa SPSS. Pirma... [toliau žr. visą tekstą] / Višnevska V., Comparative Analysis of Risk and Return of The Lithuanian Collective Investment Undertakings: Financial Markets Study Programme Final Master Thesis / supervisor Prof. Habil. Dr. A. Buračas, Banking and Investment Department, Faculty of Economics, Mykolas Romeris University. Vilnius, 2007. 69 p. This master thesis reviews the most widespread types and classifications of mutual funds, overlooks the most important theoretical and practical aspects of investment return and investment risks in Lithuania. The work overlooks the collective investment undertakings (CIU) sector problems within the European union and Lithuania, present legal acts regulating CIU activity at the EU and national level, provides specific mutual fund risk and return complex evaluation methods, suggests universal algorithm for analyzing any type of mutual fund and analysis of the young Lithuanian mutual fund market using different cross-sections. The first part of the paper presents the object of the study – mutual fund concept, their variety and possible classifications. In the second and third parts the theoretical and practical aspects of investment risks and return are disclosed, whilst the empirical part is composed of analysis of the variety of mutual funds that existed as of September 30, 2007, provides Lithuania based mutual funds rating in accordance with the performed risk- return and short term return analysis. Funds were classified based on the througoughtly presented methods and... [to full text]

Submitted by Cláudia Bueno (claudiamoura18@gmail.com) on 2016-04-05T18:16:48Z No. of bitstreams: 2 Dissertação - Vitor Hugo Martins e Resende - 2015.pdf: 12287236 bytes, checksum: aa6e21e5a34bb4b1e27b46e5bfb97203 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) / Approved for entry into archive by Luciana Ferreira (lucgeral@gmail.com) on 2016-04-06T11:21:35Z (GMT) No. of bitstreams: 2 Dissertação - Vitor Hugo Martins e Resende - 2015.pdf: 12287236 bytes, checksum: aa6e21e5a34bb4b1e27b46e5bfb97203 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) / Made available in DSpace on 2016-04-06T11:21:35Z (GMT). No. of bitstreams: 2 Dissertação - Vitor Hugo Martins e Resende - 2015.pdf: 12287236 bytes, checksum: aa6e21e5a34bb4b1e27b46e5bfb97203 (MD5) license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Previous issue date: 2015-08-27 / We noticed that even with the diversity of computational tools, along with the management, a lack of efficiency in meeting project deadlines in construction work. Several studies indicate failures in project management, highlighting the existence of problems related to planning and control of construction works, as the most recurring. The critical chain is an application of the theory of constraints in project management that aims to meet the deadlines, through the lungs management of consumption. In this context, the present study evaluates the implementation of the critical chain methodology in a physical planning using Ms Project as management software, in a construction work company. The methodology used was a case study and was conducted in two projects, located in the cities of Guapó and Palmeiras de Goiás, in the State of Goiás. According to the study, as the application in construction work, the results show that the Critical Chain Project Management (CCPM) can be applied in compliance with all steps recommended by the theory. Regarding the fulfillment of the project’s deadline, the study showed that in companies with emphasized problems in planning and financing, delays continue. In the financial aspect, we noticed that the delay in transferring funds by the funding agency, attached to the Federal Government, to the company impacted directly on planning the purchase of materials, equipment and workforce. The methodology of critical current proved to be applicable to the construction work sector and the Ms Project software, but with limitations. Among the limits, it is worth mentioning the use in very extensive schedules and the carrying out of steps without the aid of automatic functions or the method known as "manual", in Ms Project. As a solution to this limitation, the study presents the use of Ms Project on critical chain using automatic routines (macros). As a result, while using the "manual" it was noticed a significantly higher period of time, compared with the automatic, in addition to the possibility of errors in data entry and reworking. In automatic method, the time is reduced and errors and reworking are eliminated. Both in the "manual" method, as the automatic method, the steps of creating convergence lungs and the late start of the tasks are not feasible for long schedules, which are characteristic of real estate undertakings of social interest. / Observa-se que, mesmo com a diversidade de ferramentas computacionais, aliada à gestão, constata-se a ineficiência no cumprimento dos prazos de projetos na construção civil. Diversos estudos apontam para as falhas no gerenciamento de projetos, destacando-se a existência de problemas relacionados ao planejamento e controle em obras, como os mais recorrentes. A corrente crítica é uma aplicação da teoria das restrições em gerenciamento de projetos que tem como objetivo atender aos prazos estipulados, por meio do gerenciamento do consumo dos pulmões. Diante desse contexto, a presente pesquisa avalia a aplicação da metodologia da corrente crítica, em um planejamento físico, utilizando o Ms Project como software de gestão, em uma empresa da construção civil. A metodologia utilizada classifica-se como estudo de caso e foi realizada em dois empreendimentos, localizados nas cidades de Guapó e de Palmeiras de Goiás, Estado de Goiás. De acordo com a pesquisa, quanto à aplicação na construção civil, os resultados apontam que a Critical Chain Project Management (CCPM) pode ser aplicada cumprindo todos os passos preconizados pela teoria. Quanto ao cumprimento do prazo do projeto, a pesquisa mostrou que, em empresas com problemas acentuados de planejamento e financeiros, os atrasos continuam. No aspecto financeiro, pode-se constatar que o aumento no tempo de repasse financeiro pelo órgão financiador, ligado ao Governo Federal, para a empresa, impactou diretamente no planejamento da aquisição de materiais, de equipamentos e mão de obra. A metodologia da corrente crítica se mostrou aplicável ao setor da construção civil e ao software Ms Project, mas com limitações. Dentre as limitações, destaca-se a aplicação em cronogramas muito extensos e a realização dos passos sem o auxílio de funções automáticas ou denominado, nesta pesquisa, de método “manual”, no Ms Project. Como solução para essa limitação, a pesquisa apresenta a utilização do Ms Project para a corrente crítica, por meio de rotinas automáticas (macros). Como resultados, no método “manual” se percebe um tempo significativamente elevado, comparado com o automático, além da possibilidade de inserção de erros de dados e de retrabalhos. No método automático, o tempo é reduzido e os erros e retrabalhos são eliminados. Tanto no método “manual”, quanto no método automático, os passos de criação de pulmões de convergência e o início tardio das tarefas não são viáveis para cronogramas extensos, característicos para empreendimentos habitacionais de interesse social.

The thesis is focused on the analysis of legislation concerning loans and usage of contractual undertakings for the purpose of protection of the credit institution in the field of loans provided to corporations. Loan represent an economic tool that enables to provide a temporarily unused financial sources to another subject based on agreed terms and returnable character for the consideration in the form of interest payment. Corporation represent a form of legal person that is based on organized association of persons (physical and legal). The credit institution is exposed to a number of risks in relation to loans business. In the forefront it is exposed to the credit risk of non-payment of the debt by the debtor at maturity date mainly because of factual inability (deficient sources) to repay the debt. The credit institution is next to the credit risk exposed to other risks - liquidity risk, market risks (interest and exchange rate risk) and risk of changes of legislation (regulatory environment). Analysis of applicable contractual undertakings for the purpose of reduction of credit and other risks represent the main focus of the thesis. The thesis is in this context focused also on the economic aspects next to the legal issues, especially risk analysis beforehand of the application of the...

Le capital-risque repose sur un investissement en capital dans des sociétés ayant besoin de financement pour se développer. La rémunération de ce financement, essentiellement basée sur des plus-values de cession des parts acquises, est dépendante de l’environnement économique. Si l’Europe ne connait plus la croissance passée, d’autres pays, couramment qualifiés «d’émergeants » peuvent revêtir un intérêt particulier pour l’investisseur. C’est le cas de l’Inde qui connait une croissance économique considérable aidée par un régime d’investissement étranger qui a été progressivement libéralisé depuis 1991. Cet ouvrage examine donc le régime indien du capital-risque étranger. Il procède pour cela en trois phases. L’ouvrage s’attache dans une première partie à l’étude des différentes procédures d’entrée permettant au capital-risqueur étranger d’investir en Inde. Ces procédures sont au nombre de trois : l’Investissement Direct Etranger qui est une procédure générale d’investissement international dans le capital de sociétés indiennes, l’Investissement Etranger en Capital-Risque qui est une procédure spéciale réservée aux investissements réalisés par des fonds étrangers agréés, et l’investissement au travers d’un fonds d’investissement indien. Sont ensuite étudiés les instruments disponibles en Inde qui permettent la réalisation, sinon l’optimisation d’une opération de capital-risque. Ils peuvent être de capital, de dette ou hybrides. Enfin, l’ouvrage examine la sortie de l’investissement au travers d’une étude de l’introduction en bourse, de la cession et de la liquidation de la société. Cette dernière partie fait apparaitre que si l’Inde dispose d’un système financier extrêmement performant, ses procédures collectives mériteraient d’être améliorées. / Venture Capital is based on an investment in Equity of Companies which need financing to grow. The price of this financing, mainly based on gains from the sale of securities acquired, is dependent on the economic environment. If Europe doesn’t know the past growth, other countries, commonly called as « emerging », may be of particular interest for investors. This is the case of India which is experiencing considerable economic growth helped by a foreign investment regime widely liberalized since 1991. This work examines the foreign venture capital regime in India. It proceeds in three steps. The first part focuses on different entry procedures allowing foreign venture capitalist to invest in India. There are three procedures: Foreign Direct Investment is a general procedure of foreign investment in equity, Foreign Venture Capital Investment is a special procedure reserved for investment by approved foreign venture capital funds, and investment through an Indian Venture Capital Fund. Second part focuses on securities which allow to realize, if not optimize, a venture capital investment. They can be instruments of equity, debt or both. Finally, this work examines the exit of investment though a study of IPO process, sale of security and winding up of company in India. This last part shows that if India has a highly efficient financial system, its bankruptcy regulation needs to be improved.