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:

Assessment:

Seminar work 50%

Exam:

Final test 50 %

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:

• Projektové řízení inovací od 18/19 kombinované studium (compulsory elective course)
• PRI kombinovaná forma od 19/20 specializace Project Management (compulsory elective course)
• PRI kombinovaná forma od 19/20 specializace Process Management (compulsory elective course)
• PRI kombinovaná forma od 20/21 specializace Process Management (compulsory elective course)
• PRI kombinovaná forma od 20/21 specializace Project Management (compulsory elective course)