FIN808M Corporate Finance in Central Europe

Obchodně podnikatelská fakulta v Karviné
zima 2008
Rozsah
1/2/0. 5 kr. Ukončení: z.
Garance
Ing. Michaela Roubíčková, Ph.D.
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Omezení zápisu do předmětu
Předmět je nabízen i studentům mimo mateřské obory.
Mateřské obory/plány
Cíle předmětu
The purpose of this course is to develop an understanding of the rapidly evolving situation in the field of Corporate Finance in the former centrally planned economies of Central Europe. Students will be able to understand not only the major topics of Corporate Finance, but also to evaluate the influence of privatization processes on corporate culture in these countries, and to evaluate consequences of these processes.
Osnova
  • Topics covered:
    1. Privatization Processes and Corporate Finance - An Overview
    Starting lines, current situation, ongoing integration of Central European capital markets, the necessity of the harmonization with other European countries, European corporate tax systems.
    2. Structure of Ownership in Privatized Firms
    Development of ownership during the 90th, a continuation of privatization of remaining strategic companies.
    3. Foreign Investments
    Structure of foreign investment in Central European countries, an incoming of foreign investors.
    4. Risk Concepts and Valuation, Hedging
    Risk statistics, normal distribution and its implications for standard deviation, risk during privatization processes.
    5. Capital Structure of Privatized Firms
    Influence of financial market in Central Europe on capital structure of the firms, financial leverage in privatized firms.
    6. Long-Term Financing in Central Europe
    Issuing Equity Securities to the Public - Initial Public Offering, Long-Term Debt, Leasing, European lease accounting.
    7. Short-Term Financing in Central Europe
    Tracing cash and net working capital, defining cash in terms of other elements, managing the collection and distribution of cash.
    8. Foreign Trade in Central European Countries
    International exposure of Central European firms.

Literatura
    povinná literatura
  • ROSS, SR, WESTERFIELD, RW, JORDAN, BD . Fundamentals of Corporate Finance 7th Edition,. Boston: McGraw-Hill, 2006. ISBN 0-07-319262-7. info
  • BLOCK, SB, GEOFFREY, GA . Foundations of Financial Management. Boston: McGraw-Hill,, 2005. ISBN 0-07-284229-6. info
  • BURKLEY, A., ROSS, SA., WESTERFIELD, RW., JAFFE, JF. Corporate Finance Europe. Cambridge: McGraw-Hill, 2004. ISBN 0-256-13473-1. info
    doporučená literatura
  • Various readings from The Economist, The Euro and other financial magazines. info
Informace učitele
classwork, test
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích zima 2007, zima 2009, zima 2010, zima 2011.