Corporate Crisis

Garant předmětu:

Lecturer:

Tutor:

Supervisor:

Institute of Economic Studies

Synopsis:

The aim of the course is an introduction of negative impacts of internal and external factors on the corporate life cycle. Crisis and corporate default are a natural phenomenon in the economy. It is important for students to be prepared on such a possible development and to have the knowledge to eventually reverse the unfavourable corporate development Knowledge should be in economic as well as in legislative perspective. The course will be especially based on case studies and practical applications respecting current economic reality and legal regulation.

Requirements:

Credit: :

Assignment of tasks 20 %

Seminar work 40%

Exam:

Final test 40%

To be awarded the credit, it is necessary to obtain a min. 30 points out of a maximum of 60 points (50%). In order to be given the exam, it is necessary to obtain a min. 20 points out of a maximum of 40 points (50%). Both parts of the evaluation (credit and exam) are mandatory.

Syllabus of lectures:

1) Corporate life cycle and typical trends

2) Analysis of financial situation

3) Analysis of strategic position

4) Crisis phases and symptoms

5) Tools used for prediction and evaluation

6) Models predicting financial distress

7) Possibilities of dealing with corporate crisis

8) Cases of successful restructuring

9) Insolvency proceedings

10) Legal aspects of bankruptcy and reorganization

11) Negative phenomena associated with insolvency proceedings

12) Determining the corporate value

13) Value of insolvent company

Syllabus of tutorials:

The course does not have exercises.

Study Objective:

Upon successful completion of this course, students will be able to:

. indetify the symptoms if the crisis,

. assess the current situation of the company,

. suggest possibilities how to overcome the crisis

. analyse possible scenarios,

. apply strategic analysis,

. evaluate formal and objective correctness of value estimation of the insolvent company,

. describe differences among various possibilities of solving insolvency proceedings.

Study materials:

Kislingerová, Eva a kol. Insolvenční praxe v České republice: v období 2008-2013. Vyd. 1. V Praze: C.H. Beck, 2013. xv, 143 s. Beckova edice ekonomie. ISBN 978-80-7400-497-1.

Kislingerová, Eva. Podnik v časech krize: jak se nedostat do potíží a jak se dostat z potíží: zkušenosti ze světové recese let 2007 až 2009. 1. vyd. Praha: Grada Publishing, 2010. 206 s. ISBN 978-80-247-3136-0.

Synek, Miloslav a kol. Podniková ekonomika. 6. přeprac. a dopl. vyd. V Praze: C.H. Beck, 2015. xxviii, 526 s. Beckovy ekonomické učebnice. ISBN 978-80-7400-274-8.

Pollak, Harry. Jak obnovit životaschopnost upadajících podniků. Praha: C.H. Beck, 2003. xii, 122 s. C.H. Beck pro praxi. ISBN 80-7179-803-7.

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• N-PRI-prez.forma od 15/16 (compulsory elective course)
• N-RRP-prez.forma od 15/16 (compulsory elective course)
• N-PRI-prez.forma od 16/17 (compulsory elective course)
• N-PRI-prez.forma od 17/18 (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 18/19 (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 19/20 Project management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 19/20 Financial Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 19/20 Process Management (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 19/20 Regional Studies (compulsory elective course)
• N-PRI-CP prezenční navazující studium od 19/20 Logistics (compulsory elective course)