03709ntm a22005057i 4500 000531793 CZ-PrVSE 20170613134144.0 m d cr n|||||||||| 170613s2017 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Larionova, Ksenia ISIS:122351 dis Vyhodnocení rozdělení Philips Group s pomocí finanční analýzy eng Evaluation of Philips Group split through financial analysis tools / Ksenia Larionova 2017 ?? stran : digital, PDF soubor Vedoucí práce: Karel Brůna Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2017 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2017 This thesis aimed to examine methods used to evaluate multinational and diversified firms and then use these methods to study the Philips Group and its decision to spin-off of the Philips Lighting sector. Although numerous methods and parameters used to analyze firms already exist, they remain very limited for multinational and diversified firms such as Philips Group or General Electric. In this thesis, hypotheses were based on the theory of the firm and tested using analysis of leverage, profitability and efficiency ratios. This study shows the difficulty of analysing multinational diversified firms caused by a very limited availability of data set. Thus, despite of a great number of ratios described in the literature, only a small portion can be in fact computed using publicly available data. Hypotheses were based on the the paper developed by Chen and Guo (2005). First hypothesis, based on the analysis of capital constraint was attempted, secondly the pace and directions of individual sectors were analysed using profitability and efficiency ratios and thirdly the stock performance was observed. All of this in order to examine whether the motive of the split was to increase the stock prices. It was found that Philips Group nor its Lighting sector did not experience capital constraints, nevertheless an important degree of underperformance amidst analysed figures was found, which suggested that Philips Lighting division was not as good in creating value for shareholders as the HealthTech division was. Moreover, the decision of Philips Group to concentrate on its HealthTech business was positively accepted on stock markets confirming the third hypothesis. Způsob přístupu: Internet finance and accounting [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas financial ratios theory of the firm financial analysis Brůna, Karel, 1973- mzk2009543943 ths Gevorgyan, Kristine ISIS:50435 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/59724/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/59724 Hlavní práce https://insis.vse.cz/zp/59724/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/59724/posudek/oponent/53418 Oponentura https://insis.vse.cz/zp/59724/priloha/15646 Přiloha k práci https://insis.vse.cz/zp/59724/podrobnosti dc:identifier NEPOSILAT VSKP vse59724 170609 59724