04520ntm a22005777i 4500 000550572 CZ-PrVSE 20181211161713.0 m d cr n|||||||||| 181211s2018 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Svitlík, Jan, 1987- ola20221164737 dis Řízení zisku a chování firem v období globální finanční krize : komparativní analýza vybraných států zvykového a kontinentálního práva eng Earnings Management and Firms’ Behavior During the Global Financial Crisis : Comparative Analysis of Selected Common Law and Civil Law Countries Jan Svitlík 2018 ?? stran : digital, PDF soubor Vedoucí práce: Marcela Zárybnická Žárová Disertační práce (Ph.D.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2018 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2018 The dissertation deals with firms’ behavior during the global financial crisis (2008-2009) in the UK, the common law representative, Germany and the Czech Republic, the civil law representatives. Period of 2006-2011 is investigated. Earnings management of companies is primary focus of the research; nevertheless, multiple analyses regarding profitability, leverage and taxation characteristics of companies are undertaken. Theoretical part of the dissertation covers history and characteristics of legal families, genesis and development of the global financial crisis, and previous research on earnings management. Broad datasets from Amadeus database are used under empirical part of the dissertation. Profitability analyses prove the severest impact of the crisis on European non-financial companies in 2008 and 2009. Both lightly and highly leveraged companies indicate lower profitability than moderately leveraged companies which is in line with capital structure theories. Leverage analyses show gradual decrease in leverage ratio within non-financial sector, more specifically, individual firm-size categories exhibit parallel declining trend in the UK, converging declining trend in Germany, and diverging declining trend in the Czech Republic. Taxation analyses suggest high influence of governments’ tax relief programs in the crisis period. Earnings management analyses detect the highest level of earnings management in the Czech Republic while the lowest in the UK. Czech companies engaged in upward earnings management in 2009 indicating the earnings-smoothing strategy during the crisis period. By contrast, downward earnings management is detected in the UK and Germany in 2008 and 2009 suggesting the big-bath strategy. In general, medium-sized companies are more likely engaged in downward earnings management than upward earnings management. Regarding pre-crisis and post-crisis period, very large companies in the UK and Germany are more likely engaged in upward EM than downward EM. During the crisis period, very large companies in all the three economies likely used the big-bath strategy. Způsob přístupu: Internet účetnictví a finanční řízení podniku [obor disert. práce] disertace fd132024 czenas dissertations eczenas Earnings management Discretionary revenues Earnings distribution Civil law countries Global financial crisis Common law countries the UK Germany the Czech Republic Zárybnická Žárová, Marcela, 1959- ola2003198130 ths Procházka, David, 1979 říjen 10.- xx0081344 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/66611/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/66611 Hlavní práce https://insis.vse.cz/zp/66611/posudek/oponent/59168 Oponentura https://insis.vse.cz/zp/66611/posudek/oponent/59169 Oponentura https://insis.vse.cz/zp/66611/podrobnosti dc:identifier NEPOSILAT VSKP vse66611 181208 66611