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Dissertations / Theses on the topic 'Parent and subsidiary company'

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Published: 28 June 2021
Last updated: 2 February 2022

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1

Schulte, Richard Craig. "Groups of companies : the parent subsidiary relationship and creditors remedies." Thesis, Durham University, 1999. http://etheses.dur.ac.uk/1465/.

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2

Papijanc, Vitalij. "Liability of parent company against the creditors of subsidiary." Doctoral thesis, Lithuanian Academic Libraries Network (LABT), 2008. http://vddb.library.lt/obj/LT-eLABa-0001:E.02~2009~D_20081118_095715-54371.

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The subject of dissertation is the law which establishes civil liability of the parent company against the creditors of subsidiary, also interpretation of this law and its application in practice. This paper discusses liability issues of the parent company against the creditors of subsidiary in German, Swiss, French, English, USA and Lithuanian (highlight) legal systems. The research highlights the liability of parent company as shareholder of the subsidiary, as director of the subsidiary, as well as contractual liability of parent company and liability in the bankruptcy process of the subsidiary.
Disertacijos tyrimo dalykas – civilinę patronuojančios įmonės atsakomybę prieš dukterinės įmonės kreditorius nustatančios teisės normos, jų aiškinimas ir taikymas. Vadovaujantis lyginamuoju metodu ir kitais moksliniais metodais darbe yra ištirti patronuojančios įmonės atsakomybės prieš dukterinės įmonės kreditorius institutai (modeliai) Vokietijos, Šveicarijos, Prancūzijos, Anglijos, JAV ir Lietuvos (akcentas) teisinėse sistemose. Tyrimo metu didžiausias dėmesys yra sutelktas ties patronuojančios įmonės kaip dukterinės įmonės dalyvio bei patronuojančios įmonės kaip dukterinės įmonės vadovo atsakomybės institutais, taip pat patronuojančios įmonės sutartine atsakomybe bei atsakomybe dukterinės įmonės bankroto procese.
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3

Avgitidis, Dimitris Konstandinou. "Groups of companies : the liability of the parent company for the debts of its subsidiary." Thesis, King's College London (University of London), 1993. https://kclpure.kcl.ac.uk/portal/en/theses/groups-of-companies--the-liability-of-the-parent-company-for-the-debts-of-its-subsidiary(fe979ef1-acb5-43a6-a635-ab2ec2c1da83).html.

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4

Lundblad, Karin. "Intra-group financing : The influence of the parent-subsidiary relationship in the pricing of intra-group loans." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Rättsvetenskap, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-13957.

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This master thesis examines the issues surrounding the pricing of intra-group loans. The main focus of the thesis is the process of establishing an interest rate and the assessment of the credit risk in an intra-group context.  In order to expose the common problems associated with the pricing of intra-group loans the thesis has examined case law from two different jurisdictions, Canada and Sweden, which have been put in relation to the OECD guidelines and Swedish national legislation. The purpose of the master thesis has been to determine whether the establishing of an interest rate and the assessment of the credit risk of an intra-group loan should be made taking into account the parent-subsidiary affiliation or relationship and whether or not this is a deviation of the arm’s length principle. A general assumption is that, if a transaction is carried out between related parties, the price could be different from a price deriving from negotiations between two unrelated parties on the open market, due to their commercial or financial relations. A common feature in case law, regarding the establishing of an appropriate interest rate on intra-group loan, has been whether or not the parent-subsidiary should be included in the assessment of the credit risk. Much of the support available to taxpayers in resolving transfer pricing issues are relating to goods and services and not financing transactions. The main reason is the unique economic profile of financial transactions. Financial transactions are affected by different factors why it is difficult to develop usable transfer pricing policies. Establishing economically justifiable transfer pricing policies while attempting to properly reflect taxable income and prevent penalties from international tax authorities, has resulted in transfer pricing challenges that are unique to intra-group financing. According to Swedish law, interest is regarded as a deductable cost within corporate tax. However, in recent cases, the Swedish tax authorities have been questioning, the deduction right as well as the level of interest on intra-group loans. As of today, there are few national and international guidelines on this area thus it is of interest to examine and address the issues surrounding intra –group loans.
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5

Sundby, Anna. "Piercing the corporate veil in swedish law : points of view de lege lata and de lege ferenda." Thesis, Linköping University, Department of Management and Economics, 2000. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-665.

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The basic principle for limited companies is that the owners are not liable for the debts of the company. To protect the creditors of the company, however, a theory of personal liability for the owners has evolved, the so called piercing the corporate veil theory. For decades there have been disagreements wether or not it would be motivated to legislate the theory of piercing the corporate veil, and what this legislation might look like. The basic problems in my essay are: Is there a need to legislate the theory of piercing the corporate veil in Sweden? What would such a legislation look like in Sweden? To answer these questions I analyzed cases regarding the piercing the corporate veil theory, examined the theory in the USA and Germany and described how authors would like to answer these questions. My results are that there is a need to increase the liability that a parent company has for the debts of its subsidiary companies. This should be done by changing the rule in 15:3 ABL.

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6

Darsot, Fatima Cassim. "The departure from the strategy of the parent company from a developed economy by the business unit of a subsidiary in an emerging market in the professional services industry due to a change in the competitive environment caused by a downturn in the global economy." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/29526.

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“Sustainable development cannot happen without innovation. The challenge before every organization is to develop innovation strategies that not only respond to changes in the environment and societal pressures but also consider the needs and expectations of various stakeholders. The increasing turbulence in the external business environment has focused attention on the resources and organizational capabilities as the principal source of competitive advantage,” (Dasgupta & Gupta 2009, p.204). The intention of this research project is to determine how a business unit of a subsidiary in the professional services industry in an emerging market economy changed strategy from being an implementer (Gupta&Govindarajan, 1991, p.774), of head office strategy to “developing innovation strategies” (Dasgupta&Gupta 2009, p.204); to adapt to a change in the external environment that was caused by a crisis in the global economy.This study will also investigate the impact of having to change strategy, on the capability and development of the business unit of the subsidiary.A project on holding company subsidiary relationships cannot be complete without investigating how a change in strategy of a business unit of the subsidiary affected the relationship between the holding company and the subsidiary.The study looks specifically at a period that was marked by economic turmoil that is the time of the global financial crisis during the years 2008, 2009 and the years after.
Dissertation (MBA)--University of Pretoria, 2012.
Gordon Institute of Business Science (GIBS)
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7

Kvasová, Daniela. "Rozdíly v účetní konsolidované závěrce sestavené podle vybraných národních legislativ." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2021. http://www.nusl.cz/ntk/nusl-449773.

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This master’s thesis deals with the methodology of a consolidated financial statement’s composition, according to Czech and German legislation. The thesis contains particular steps of the consolidation methods’ composition, that were used depending on the changes in the ownership interest of the parent company. The effects of the consolidation according to different consolidation methods are analyzed from the economic, tax and wage standpoints.
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8

Peňázová, Lucie. "Vliv rozšíření konsolidačního celku na jeho ekonomickou situaci." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2020. http://www.nusl.cz/ntk/nusl-417385.

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The thesis describes elaboration of consolidation of company financial statement and valorisation of its economical status before extending the consolidation group and afterwards. First part of the thesis consists of theoretical basis used for consolidation of financial statement, which are later used in the practical part of the thesis, where new consolidated financial statrments related to extension of consolidation group are being made. Conclusion of the thesis includes comparison of consolidated financial statements.
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9

Kolářová, Pavla. "Konsolidace účetní závěrky." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2014. http://www.nusl.cz/ntk/nusl-224676.

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The diploma thesis deals with consolidated financial statements. In the thesis, a change of consolidation method is performed for chosen entity, followed by drawing up the new consolidated financial statements. The effect of changing consolidation method is evaluated.
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10

Bláhová, Šárka. "Konsolidace účetní závěrky vybraného subjektu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-224820.

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The main topic of this thesis is the issue of the consolidation process of the financial statements of the chosen company and the subsequent evaluation of the performance of the consolidated group before and after the change in consolidation scope. The first part is focused on theoretical knowledges in this field, and the second part dedicate to the consolidation of the financial statements and its assessment.
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11

Borůvková, Petra. "Dopad změny metody konsolidace na ekonomickou situaci koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2019. http://www.nusl.cz/ntk/nusl-399699.

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The topic of this master thesis is focused on preparation of new consolidated financial statements of chosen company after the sale of ownership interest of the subsidiary and the subsequent evaluation of the economics before and after the change. The thesis is divided into three parts. The first part deals with theoretical grounds, the second part contains the introduction of the concern and evaluates the current economic situation and the last part is devoted to the preparation of new consolidated financial statements and economic evaluation.
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12

Fajtová, Hana. "Zdanění nadnárodních společností." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-10535.

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This diploma thesis focuses on tax aspects of multinational companies. In the first part there is an analysis of EU Council Directive (relating multinational companies) compared with The Income Tax Law. Practical application of some of the above mentioned Directives is shown in some examples. The next part deals with very discussed and actual problem of multinational companies - transfer pricing. This thesis analyses particular documents for this area. The aim of this diploma paper is to create the copmlex thesis about taxation of multinational companies.
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13

Krýsa, Pavel. "Fúze dceřiných obchodních společností." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2010. http://www.nusl.cz/ntk/nusl-222494.

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This work deals with mergers of commertial companys in largers economic units. Chapters are systematicly organized and provide the reader with overview of the development, relevant issues and execution of mergers of commercial companies. The work shows styles of merger execution, company´s motives for merger and finally also legal regulations connected with this proccess. Other sections of this work show analyses of companies, which have undergone a merger. You can see characteristics of these organisations and compare their merger execution plans and detailed schedule for different stages of the merge project.
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Bohuslavová, Petra. "Konsolidovaná účetní závěrka." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2013. http://www.nusl.cz/ntk/nusl-223784.

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This master’s thesis deals with a comparison of applied methods of consolidation in connection with evaluation of impact of their difference on a financial situation of capitally connected enterprises through a financial analysis. Theoretical background describes fundamental characteristics of a consolidated financial statement and representative indicators of a financial analysis, but also deals with a procedure of a consolidation. In the practical part of the thesis the acquired knowledge is applied on the evaluation of the current and newly chosen method of consolidation in connection with execution of the financial analysis of both methods. The thesis also deals with the assessment of concrete results and complete evaluation of methods in relation to the financial position and performance of the consolidated enterprise.
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15

Vašenková, Barbora. "Dopady rozšíření konsolidačního celku na jeho ekonomickou situaci." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-319445.

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The master´s thesis deals with the issue of consolidation of financial statements. Aim of thesis is expansion of the consolidation group of new company Mlékárna Otinoves s.r.o. and subsequent evaluation of finacial situation of new consolidation group. The first part is dedicated theoretical knowledge in the area of consolidation and the second part is focused on preparation of consolidated financial statements and its evaluation.
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16

Stafström, Anna, and Josefin Lundberg. "Standardiserad modell för prestationsmätning inom en koncern : En fallstudie på Emballator Plastics & Innovations AB." Thesis, Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO), 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-54523.

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Bakgrund: Prestationsmätning utgör ett grundfundament i ekonomistyrning och avser styra i riktning mot långsiktiga mål. Vidare bör prestationsmätningen vara sprungen ur såväl långsiktiga mål som strategier där det på koncernnivå är av vikt att kongruens råder mellan moder- och dotterbolag. Vid utformning av en standardiserad modell för prestationsmätning måste hänsyn tas till rådande organisationsstruktur och företagsunika förutsättningar. Representerade mätetal avser påvisa kritiska områden med förhoppning att vidareutveckla verksamheten. Problemdiskussion: Koncernen Emballator Plastics & Innovations utgör tillsammans med underliggande dotterbolag ett konglomerat med koncerngemensam lean-strategi. Koncernen erhåller på månadsbasis rapporter över dotterbolagens prestationsmätning vilka upprättats utan direktiv ifrån koncernen och därmed är av särskiljande karaktär. Ett behov har uppkommit att låta standardisera en modell för prestationsmätning som samtliga dotterbolag kan nyttja för att enklare kunna skapa en övergripande bild över dotterbolagens prestationer. Prestationsmätningsmodellen skall vara standardiserad men samtidigt inte förbise företagsspecifika förutsättningar detta för att tillföra nytta på såväl koncern- som dotterbolagsnivå. Syfte: Denna studie syftar att utveckla en standardiserad prestationsmätningsmodell till Emballator Plastics & Innovations, vilken tar hänsyn till koncernens konglomerat och lean-strategi. Utvecklad prestationsmätningsmodell ämnar skapa en övergripande bild samt tillföra nytta på såväl moder- som dotterbolagsnivå. Metod: Detta är en fallstudie med kvalitativ ansats. Tillvägagångssätt för analys har varit av deduktiv karaktär där den teoretiska grunden i huvudsak baseras på vetenskapliga artiklar. Insamling av empiriskt material har erhållits via dokument samt intervjuer av övervägande semistrukturerad karaktär. Respondenter innefattar verkställande direktörer på koncern- liksom dotterbolagsnivå. Slutsats: Kongruens mellan långsiktiga mål och strategier på Emballator Plastics & Innovations och underliggande dotterbolag har identifierats. Med anledning av identifierad kongruens har förutsättningar funnits att utforma en standardiserad prestationsmätningsmodell. Väsentliga mätetal har utkristalliseras i avseende att skapa en övergripande bild över dotterbolagens prestationer. Modellens utformning främjar konglomeratet.
Background: Performance measurement is a basic foundation in financial management and control, where the intention is to fulfill long-term objectives. Performance measurement should therefore be developed with consideration to long-term objectives and strategies. Consequently, there is a need of congruence between the parent- and subsidiary level. When developing a standardized model for performance measurement, the current organizational structure and conglomerate needs to be considered. Represented key performance measurement aim to demonstrate the critical areas with the intention to influence improvements within the corporation. Problematization: Emballator Plastics & Innovations, is a composition of underlying subsidiaries, characterized of conglomerate and lean-strategy. The corporation receives monthly reports of the subsidiaries’ performance measurement, which have been constructed without directives from the corporation and this resulted in reports of distinctive character. Consequently, the need of a standardized model of performance measurement with the aim to easier receive a comprehensive picture of the subsidiaries' overall performance has arisen. However, the remaining problem is how to develop a standardized performance measurement model, which is beneficial for both parent- and subsidiary level, without ignoring the conglomerate. Purpose: This study aims to develop a standardized performance measurement model to Emballator Plastics & Innovations, where the corporations conglomerate and lean- strategy is taken into account. The developed performance measurement model intends to create an overall picture and bring benefits to both parent- and subsidiary level. Methodology: This is a case study with a qualitative approach. Procedure for analysis has been of deductive character where the theory is mainly based on scientific articles. Collection of empirical data has been obtained through documents and interviews with semi-structured character. Respondents include chief executives at parent- and subsidiary level. Conclusion: Congruence between long-term objectives and strategies at Emballator Plastics & Innovations and subsidiaries has been identified. Regarding to the identified congruence, potentials to develop a standardized performance measurement model have been secured. Significant key performance measurements have been detected, this with aim to receive an overall picture of the subsidiaries' performance. Finally, the design of the model has been designed in consideration of the conglomerate.
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Zvěřinová, Pavlína. "Optimalizace daňové zátěže koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2021. http://www.nusl.cz/ntk/nusl-444240.

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The master's thesis deals with the optimization of the tax burden of a concern based in the Czech Republic, which receives income from abroad. Optimization should be achieved through a change of the subsidiary's head office. Another proposal is a creation of a permanent establishment abroad. The output of the work is to decide on the most suitable structure of the concern in terms of head office and the number of its companies. The decision will be made on the basis of a comparison of the results of tax obligations calculated according to the legislation of the proposed countries and the related tax levies. The diploma thesis is focused on corporate income taxation, as the subjects of the group are limited liability companies. This issue will be explained theoretically on the basis of professional literature and practically using a comprehensive example.
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18

Polášková, Andrea. "Vliv zúžení konsolidačního celku na ekonomickou situaci koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2019. http://www.nusl.cz/ntk/nusl-399704.

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The Master’s thesis is focused on the issue of the financial statement consolidation of a selected company and the subsequent evaluation of the impact of the consolidation group change on the economic situation of the concern. The first part contains the theoretical knowledge of this area, the second part includes the introduction of the concern and its current economic situation, and the last part is devoted to the consolidation of the new consolidation group and evaluation of the impact of the change on the economic situation of the concern.
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19

Johnsson, Erik, Daniel Särnqvist, and Victor Odehammar. "Skattekonsekvenser av och vid omvända fusioner." Thesis, Jönköping University, JIBS, Commercial Law, 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-579.

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En omvänd fusion definieras som det förfarande då ett moderbolag fusioneras in i sitt dotterbolag. Det eventuella inkråm som finns i moderbolaget tas vid fusionstillfället upp av dotterbolaget, medan de aktier moderbolaget innehar i dotterbolaget ges ut som fusionsvederlag till dess ägare. Per definition skiljer sig inte en omvänd fusion från en fusion där dotterbolaget absorberas in i sitt moderbolag. Dock är vägledning och litteratur kring området knapphändig vilket har lett till en spekulation om den omvända fusionen skall kunna anses strida mot det förvärvslåneförbud samt det förbud om att förvärva egna aktier som ställs upp i ABL. För att utröna de eventuella problem som kan uppstå vid en sådan fusion, krävs således en undersökning kring de skatte-, och redovisningsmässiga områden som berörs. Det faller sig således naturligt att utreda huruvida beskattning kan komma i fråga hos ett övertagande bolag, eller dess ägare, vid utgivande av ett fusionsvederlag bestående av de vid fusionen övertagna egna aktierna. Beskattningsunderlaget baseras på god redovisningssed och därmed redovisningen. Därför anser vi, för att åstadkomma en redovisningsmässig trygghet vid den omvända fusionen, att det bör påvisas vilken redovisningsmetod vid den omvända fusionen som skall användas.

Vår utredning visar att den omvända fusionen är tillåten, samt att dotterbolaget aldrig innehar de aktier som utges som fusionsvederlag. Dock uppkommer vissa problem då rättsläget inte är helt klarlagt. Något som innebär att tolkningar av lagrum rörande fusioner uppräknade i ABL genomgående måste göras för att få fram ett resultat. En viktig tolkning är att uttrycket samtliga tillgångar inte innefattar aktier i det övertagande bolaget.

Trots att många normgivare är aktiva inom redovisningen, har ingen av dessa gett någon rekommendation för redovisning av omvända fusioner. På grund av detta tolkar vi de källor vi har för att få fram det mest troliga tillvägagångssättet. Vi förespråkar att den så kallade koncernvärdemetoden tillämpas. Moderbolagets inkråm tas upp i dotterbolagets balans-, och resultaträkning. Detta ger en så rättvis redovisning som för tillfället är möjligt. Denna metod stöds också av IFRS 3. Eftersom rättsläget är osäkert och många luckor finns anser vi att det måste till ett införlivande i lagen av omvända fusioner. Vi trycker därmed på att den omvända fusionen skall regleras genom direktiv, rekommendation och råd.


A downstream merger is defined as a transaction where a parent company is merged into its subsidiary. The interior assets held by the parent company are transferred to the subsidiary in the merger, and the shares the parent company holds in the subsidiary is transferred to its owners as merger compensation. A downstream merger does not differ per definition from a merger where a subsidiary is merged into its parent company. Guidance and doctrine concerning this is scanty, therefore a speculation has arisen, whether the downstream merger complies with the prohibition to borrow money of a company to acquire it and the prohibition for a company to acquire its own shares, set up in the Swedish company act (ABL). To scrutinize the problems that can arise in such a merger, we need to study the tax- and accounting-topics that are concerned.

It is therefore inherent to study if any taxation can arise for a t ransferringcompany, or its owners, when it gives a merger compensation consisting of the shares from the parent company. The taxation is based on the financial statements and a true and fair view. Thereby we need to show which accounting method to use. Our investigation shows that the downstream merger is in accordance with Swedish law, and that the parent company’s shares are not taken over by the subsidiary, though some problems arise since the rules of law are not clear. This means that interpretations of the company act generally has to be made to get a result. An important interpretation is that the expression “all their assets”, does not include shares in the overtaking company.

Despite the fact that there are many active standard-setting powers, none of these has set any standard concerning downstream mergers. Also in this situation we have to interpret our sources to get the best procedure. We advocate a method where the values shown in the accounts of the group are used. With this the parent company’s interior assets is accounted for in the subsidiary’s balance sheet and income statement. This gives a balance sheet that is as neutral as possible. This method of accounting is also supported by IFRS3.

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Čáslavská, Markéta. "Zhodnocení vlivu prodeje podílu v dceřiné společnosti na ekonomickou situaci vybraného koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-319450.

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The master's thesis deals with the issue of consolidated financial statement. The first part of the master's thesis contains the theoretical basis for the preparation of the consolidated financial statements. Subsequently, the theoretical knowledge is applied to the practical part of the master's thesis, which deals with the preparation of the consolidated financial statements of the analyzed entity.
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Olečková, Denisa. "Vliv rozšíření konsolidačního celku na ekonomickou situaci koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2019. http://www.nusl.cz/ntk/nusl-399696.

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The master's thesis focuses on the issue of consolidated financial statement. The first part of the master's thesis contains the theoretical basis for the preparation of the consolidated financial statements. Subsequently, the theoretical knowledge is applied to the practical part of the master's thesis, which deals with opportunity of expansion of the consolidation group and afterwards, there is the evaluatoin of financial situation of the new concern.
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Lungová, Monika. "Konsolidovaná účetní závěrka." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-225011.

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This master thesis deals with the issue of consolidated financial statement. It is focused on incorporating of a new subsidiary item into the consolidation using the equivalent method. Subsequently, the performance of the newly formed group is assessed in comparison with the original consolidation unit. Throughout the theoretical part chapters, all significant principles, procedures and methods of the financial statement consolidation are described and analyzed. In practical part, the results of the consolidated financial statement are inerpreted and analyzed. The very last part of the thesis contains proposals to improve and increase effectivity of the group of companies.
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Štěpánová, Markéta. "Rozšíření konsolidačního celku u vybraného koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2016. http://www.nusl.cz/ntk/nusl-241493.

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The master’s thesis focuses on the issue of the consolidated financial statement of WOOD-FOREST GROUP a. s.. On the basis of theoretical knowledge referred to in the first part of the work is then reviewed consolidated group and its changes are made. Due to insignificance selected subsidiaries not included in the consolidation and the preparation of a new consolidated financial statements is made. At the conclusion are evaluated the impacts of the changes by using selected indicators.
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Andrýsková, Hana. "Konsolidace účetní závěrky vybraného koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-224821.

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This diploma thesis deals with the consolidated financial statements. The thesis includes theoretical basis for the preparation of consolidated financial statements, the individual process steps consolidation methods and evaluation approach. Then theoretical knowledge is applied in preparing the consolidated financial statements of the chosen company.
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Babáčková, Markéta. "Posuzování synergických efektů u vybraného konsolidovaného subjektu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2016. http://www.nusl.cz/ntk/nusl-234711.

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The thesis focuses on the methods of assessment of synergies established in a consolidated entity. The text includes a definition of a consolidated unit based on theoretical grounds and a draft set of indicators suitable for the analysis of the achievement of synergies. Synergies are monitored through a comparison between the consolidated unit and the mother company made in several selected areas. Results of the analysis of the draft indicators are assessed to determine whether synergies were achieved.
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Plačková, Michaela. "Zhodnocení existence synergických efektů u vybraného konsolidujícího subjektu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2016. http://www.nusl.cz/ntk/nusl-241552.

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This diploma thesis is focused on an evaluation of existence of synergic effects within consolidating subjects. Consolidated groups are defined by theoretical knowledge. Suitable indicators for evaluation of achieved synergic effects are suggested in the next step. Synergic effects are being observed by comparison of parent undertaking and consolidated group in chosen sphere. Based on an analysis, results are evaluated if the synergic effects are achieved.
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Totková, Kamila. "Dopad nákupu obchodního podílu v dceřiné společnosti na ekonomickou situaci konsolidovaného celku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-319438.

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The master's thesis deals with issues in financial statements' consolidation of ArcelorMittal Ostrava a.s. company. The thesis describes important terms and methods related to consolidated financial statements. Given theoretical background is utilized also in practical part, which focuses on a possible change of the consolidation method while assuming a share purchase. Afterwards, there are new consolidated financial statements proposed and impacts, how particular changes of the consolidation method affect financial situation of the concern.
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Skopalová, Lucie. "Zhodnocení existence synergických efektů u vybraného konsolidujícího subjektu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2016. http://www.nusl.cz/ntk/nusl-241484.

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The aim of this thesis is evaluation of synergy effects existence in a chosen consolidations subject. Joining of enterprises focuses on attaining certain advantage – synergy effect. This effect should be achieved in various fields. Financial indicators were chosen from theoretical presumptions and it will be finding, if there is a synergy effect in chosen consolidated groups.
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29

Celener, Balca. "La fiscalité des sociétés holdings en Turquie." Thesis, Paris 1, 2015. http://www.theses.fr/2015PA010309/document.

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La société holding est une réalité économique dont l’importance ne cesse d’augmenter. Plusieurs États offrent des régimes de faveurs fiscales pour attirer les holdings sur leurs territoires. Le système fiscal turc n’offre pas un tel «régime holding» mais il comporte plusieurs dispositions qui offrent certains avantages aux participations turques et étrangères. Une fiscalité avantageuse pour les holdings est intéressante pour un État dans la mesure où elle lui permet d’attirer les entreprises. Les dispositions fiscales peuvent rendre un territoire attractif et compétitif mais elles peuvent inciter une évasion fiscale à l’intérieur même du territoire. Le second risque engendré par le régime fiscal avantageux est l’établissement d’une concurrence fiscale déloyale. Les éléments clés d’une fiscalité idéale pour la société holding prennent en compte, d’une part la distribution des bénéfices de la holding, et d’autre part, les bénéfices provenant de ses propres participations, notamment les dividendes provenant de ses filiales et les plus-values de cession de ces participations. Par ailleurs, le régime fiscal holding doit être attractif et compétitif tout en restant compatible avec les principes reconnus du droit fiscal international
The holding company is an economic reality whose importance is still increasing. Several countries offer tax benefits plans to attract holdings in their territories. The Turkish tax system does not offer such a "holding plan" but it contains several provisions that provide certain benefits to Turkish and foreign investments. Tax advantages for holding companies are important for the State to the extent that it attracts businesses and group companies. The tax provisions can make an attractive and competitive territory, yet they may increase tax evasion within the same territory. Another risk caused by the advantageous tax regime is harmful tax competition. The key elements of an ideal tax system of holding companies are about, first of all, the distribution of profits of the holding company and secondly, income from its own shares, including dividends from its subsidiaries and the capital gains disposal of their shares. Furthermore, the holding company tax system must be both competitive and attractive and at the same time it must be compatible with the principles acknowledged by international tax law
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Čadová, Michaela. "Návrh změny metody konsolidace u vybraného konsolidovaného celku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-317090.

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The topic of this thesis is a consolidation of the financial statement. Thesis contains basic theoretical approaches related to consolidated financial statements, which are then applied in its practical part. Aim of the analytical part is to assess the current state of the company, containing original consolidation methods used for a consolidation of the financial statement. In the last part of this thesis a new consolidation method is being applied, followed by the evaluation of an impact this new method has on the general economical situation of the whole consolidated group.
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Křenková, Vendula. "Změna konsolidované účetní závěrky v důsledku změny velikosti podílu ve společnosti." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-319473.

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The diploma thesis is focused on the issue of consolidated financial statements, namely the change of the consolidation method, the consolidation group Energie - stavební a báňská. The theoretical part defines the basic concepts and ways of calculations related to the topic. In the analytical part, the thesis deals first with the analysis of the current economic situation of the group, as well as with the calculation of the full consolidation method. This area will proceed freely to the design part, which includes a concrete proposal for streamlining the economic results of the consolidation group. Finally, the effects of the proposed change in the consolidation method will be fully evaluated using financial analysis.
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Lýsková, Jana. "Existence synergického efektu u konsolidujícího subjektu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-224817.

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This thesis is focused on the issue of achieving synergistic effect in a consolidating entity. Consolidation unit and proposed financial indicators for monitoring the synergistic effect of the parent company and the consolidated group are defined based on the theoretical findings. Based on the analysis of these indicators is evaluated whether the synergistic effect is achieved.
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Kubitová, Tereza. "Zhodnocení existence synergických efektů u vybraného konsolidujícího subjektu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2016. http://www.nusl.cz/ntk/nusl-241218.

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The diploma thesis deals with assessing the synergistic effects of the selected consolidated entity. The analytical part consists of a valuation of the current economical situation in the particular consolidated entity. The thesis determines appropriate indicators of evaluating the synergic effect. The results of these indicators demonstrate the existence of synergy.
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34

Savadogo, Boureima. "Le traitement fiscal des revenus de source étrangère en droit français et belge." Thesis, Bordeaux 4, 2012. http://www.theses.fr/2012BOR40060/document.

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La mondialisation de l’économie, le développement des moyens de transport et de communication et l’émergence des paradis fiscaux rendent la connaissance de la fiscalité d’autres pays indispensable, tant par le fiscaliste praticien que par le chercheur.La France et la Belgique ont une communauté de langue et de culture en plus de la proximité géographique. Connaître sa fiscalité et la comparer à la fiscalité française est utile à tout fiscaliste qui pourra alors se faire sa propre idée sur le statut de paradis fiscal qu’on lui attribue. Nous avons choisi de comparer l’imposition des revenus étrangers car, ceux qui changent de pays pour éviter la pression fiscale, sont souvent des personnes ayant une forte activité internationale. En l’absence de convention préventive de double imposition, l’imposition de tels revenus est plus favorable en France, quand ils sont encaissés par des personnes morales. En revanche, lorsqu’ils sont encaissés par des personnes physiques, l’imposition est plus avantageuse en Belgique.Mais les deux pays ont conclu beaucoup de conventions préventives de double imposition de sorte qu’il est difficile de trouver un pays qui ne leur est pas lié par une convention fiscale. Or, il s’avère que la Belgique, à travers ses conventions, adopte des mesures fiscales nettement plus favorables que la France et ce, afin de favoriser l’expansion économique de ses résidents et attirer aussi des capitaux étrangers.A cette situation, s’ajoute le fait que ce pays autorise des montages fiscaux qui seraient sanctionnés en France sous l’angle de l’abus de droit.On comprend alors pourquoi certains hommes d’affaires n’hésitent pas à s’y domicilier
According to several factors such as the economy globalization, the development of transportation and communication supplies and the rising of tax heavens, tax lawyers have to reach a high expertise and knowledge of foreign tax systems.Belgium and France share common roots of language and culture in addition to the geographical proximity. To be especially aware of the Belgium tax law scheme is absolutely necessary for every tax lawyer in particular in a view to compare and have an opinion about the heaven nature of the Belgian system.As far as it is impossible to compare every point of the two systems, we decided to focus only on the taxation of foreign income, because of the international activity of the taxpayers willing to lower the tax pressure. Without an international tax treaty, foreign incomes are less taxed in France when they are received by a company but the situation is different when the receiver is a person. However it has to be noticed that Belgium and France have developed a huge international tax treaty network. The Belgium one is analyzed as being more attractive for foreign investments and national economic expansion. Besides, Belgium has a tax system which authorizes tax schemes seen sometimes as an abuse of right in France. As a consequence the exile of business men can be understood
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Desoutter, Vanessa. "La responsabilité civile de la société mère vis-à-vis de sa filiale : comparaison entre l'Arkiengesetz allemande et le droit français des groupes." Thesis, Lyon 3, 2011. http://www.theses.fr/2011LYO30090.

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Le phénomène de groupe s’est accentué et internationalisé bouleversant ainsi les intérêts en présence dans une société. L’Allemagne est un des premiers États à s’intéresser au phénomène de groupe et surtout à l’appréhender au travers de la codification de l’Aktiengesetz en 1965 qui introduit des mécanismes propres aux relations de groupe destinés à protéger les intérêts de la société par actions dépendante, ses actionnaires et ses créanciers externes. Le législateur français a renoncé à une réglementation cohérente du droit des groupes privilégiant le recours aux instruments du droit commun. Face aux particularités des relations de groupe, il s’est néanmoins efforcé à améliorer sa prise en compte par des interventions correctives ponctuelles.Les solutions retenues par chacun des deux régimes pour appréhender le phénomène de groupe divergent donc profondément. L’examen de la responsabilité de la société mère du fait de sa filiale, plus particulièrement les cas spécifiques de responsabilité de l’entreprise dominante dans le cadre de la codification allemande, illustre parfaitement la diversité des appréhensions. Les derniers revirements de la jurisprudence allemande à l’égard de l’applicabilité de la codification du droit des groupes à la société à responsabilité limitée conduisent néanmoins à un rapprochement du droit allemand par rapport au droit français. En abandonnant l’application par analogie de la codification du droit des groupes à l’égard des sociétés à responsabilité limitée au profit d’un nouveau cas de responsabilité fondée sur l’atteinte à l’existence, la Cour fédérale allemande de Justice s’écarte de la recherche prioritaire de protection du patrimoine social pour privilégier la sanction d’un comportement abusif et rejoint en cela la conception retenue par le droit français
The group phenomenon has strongly evolved within the last decades; it increased tremendously and turned international.Germany is one of the first states which legally takes the group into consideration. With the Aktiengesetz from 1965, the German legislator introduced specific mechanisms to regulate the group relationships between the dominant company and a dependant Aktiengesellschaft (public limited company). The main purpose of this partial codification of the group law was to protect the interests of the dominated company, its shareholders and creditors.The French legislator renounced a consistent regulation of the group law and privileged the use of the legal instruments provided by ordinary law. However, the particularity of intra-group relationships forced the legislator to take intermittent corrective measures to protect threatened interests within the dominated company.The solutions chosen by both of the studied law systems deeply diverge from each other. The examination of the liability of the parent company towards its subsidiary’s behaviour, particularly the specific cases of liability defined in the German codification, illustrates perfectly the diversity of the apprehensions.However, the lastest development of the German jurisprudence towards the applicability of the Aktiengesetz codification to the Gesellschaft mit beschränkter Haftung (Limited liability company) leads to a rapprochement of German law to French law. In refusing to apply per analogy the liabilities according to the Aktiengesetz codification to the limited liability company and introducing a new principal of liability based on the German civil code, the Bundesgerichtshof (German federal court of justice) follows the conception of the French law focusing its attention on the abusive behaviour rather than on the protection of the dependant company
Im Laufe der letzten Jahre nahm die Zahl der in Konzernstrukturen integrierten Unternehmen zu. Juristisch stellt der Konzern die große Herausforderung, die theoretische unabhängige Rechtspersönlichkeit der verbundenen Unternehmen mit den tatsächlichen Gegebenheiten eines Konzerns in Einklang zu bringen, dar. Als Lösungsansatz wählte der deutsche Gesetzgeber eine Teilkodifizierung der Konzernproblematik in dem im Jahre 1965 in Kraft getretenen Aktiengesetzes. Ziel der sich im dritten Buch aufgenommenen Regeln ist es, das durch das Konzernphänomen gestörte Verhältnis der unterschiedlichen Interessen der abhängigen Gesellschaft, dessen Aktionäre und Gläubiger, durch einen Interessenausgleich wiederherstellen. Der französische Gesetzgeber verfolgte hingegen den Ansatz einer punktuellen Anpassung verschiedenster Rechtsgebiete.Die Besonderheiten der deutschen Teilkodifizierung des Konzernrechts im Aktiengesetz werden herausarbeitet und mit der französischen Herangehensweise verglichen. Durch eine rechtsvergleichende Analyse wird dann die besondere und außergewöhnliche zivilrechtliche Haftung der Muttergesellschaft gegenüber ihrer Tochtergesellschaft dargestellt. Insbesondere weist die Aufgabe der Rechtsprechung zum qualifiziert faktischen Konzern gegenüber der GmbH und die Einführung der Existenzvernichtungshaftung eine Annäherung der konzeptionellen Entwicklung des deutschen Rechts zum französischen Recht auf. Demnach wird als grundlegende Voraussetzung für eine außervertragliche Haftung das Vorliegen eines Missbrauches in den Vordergrund gestellt.Abschließend zeichnet sich ein deutliches Abrücken von einer vollumfänglichen Kodifizierung zugunsten von punktuellen Anpassungen des Gesetzes sowie die Ausgestaltung und Verfeinerung der Rechtsprechung aus
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Halai, Tatsiana. "Parent company influence on spin-off performance." Master's thesis, [s.n.], 2015. http://hdl.handle.net/10284/4934.

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Dissertação apresentada à Universidade Fernando Pessoa como parte dos requisitos para obtenção do grau de Mestre em Ciências Empresariais
Nesta tese de mestrado procurou-se analisar a influência da empresa-mãe no desempenho das spin-off. Definiram-se questões de pesquisa de modo a descobrir as razões da criação de spin-off, para compreender os tipos de relações spin-off e o apoio da empresa “mãe” às spin-off no período de pós-spin, bem como identificar os tipos de recursos e conhecimentos, transferências e fazer avaliação do desempenho das spin-off após s sua criação. A fim de encontrar respostas às questões de pesquisa, realizou-se um estudo exploratória, de design qualitativo, recorrendo-se, poisteriormente, à análise quantitativa e descritiva dos dados. O estudo qualitativo foi desenvolvido com o recurso a entrevistas a sete entrevistados, ocupando cargos administrativos e de gestão em empresas de spin-off de EUA e Canadá.Análise, relizando-se uma análise de conteúdo dos dados. O estudo quantitatico recorreu à análise dos rácios financeiros e relatórios de contas sobre o desempenho spin-off.. Durante a análise dos questionários constatou-se que a maioria dos entrevistados mencionaram a maximização de valor ao acionista como a principal razão da criação de spin-off. Apesar da spin-off ser considerada na literatura como entidade independente, 3 das 7 spin-offs foram consideradas dependentes das suas empresas-mãe em recursos, conhecimento e serviços, enquanto empresa-mãe desempenhava um papel de 'manager', 'fornecedor » e « distribuidor » para spin-off. Maioria dos spin-offs recebeu ajuda da empresa-mãe sob a forma de dinheiro, funcionários e gestão. De entre o conhecimento que foi transferido da empresa-mae para a spin-off, destaca-se o pessoal gestão, técnico, tecnológico, marketing, produção e propriedade intelectual. Com base na análise dos rácios financeiros foi descoberto que a performance da spin-off, que não está relacionada com a empresa mãe, desde o ano de separação, pois continua a gerar perda líquida, apesar de que empresa-mãe de spin- off ainda partilhar com a a spin-off recursos e pessoal. A análise de desempenho com base nos indicadores financeiros da spin-off permitiu concluir que o desempenho spin-off tinha vindo a melhorar ligeiramente desde a separação da empresa-mãe. O serviço financeiro da spin-off tem ambições de se tornar um dos líderes no setor financeiro.
In this master thesis was made investigation of parent company’s influence on spin-off performance. Research questions were created in order to find out the reasons of spin-off creation, to define types of spin-off and parent-spin-off relationships in the post-spin-off period, to identify types of resources and knowledge, parent transfers to spin-off and to make evaluation of spin-off in post-spin-off performance. In order to find answer on created research questions qualitative and quantitative methods of analysis were used. Qualitative analysis implemented in the form of open-ended questionnaires was answered by 7 respondents, holding administrative and managerial positions in spin-off companies of USA and Canada. Quantitative analysis was made through financial ratios analysis of financial service and energy spin-off performance. During analysis of questionnaires was found that majority of respondents mentioned shareholder value maximization as the main reason of spin-off creation. Despite the fact, that spin-off considered in the literature like independent entity, 3 of 7 spin-offs were found dependent on their parent companies in resources, knowledge and services, while parent company was in a role of ‘manager’, ‘supplier’ and ‘distributor’ for spin-off. Majority of spin-offs got help from parent in the form of cash, employees and management. Among knowledge that was transferred from parent to spin-off was mentioned managerial, technical, technological, marketing, production and intellectual property. Based on the financial ratios performance analysis of energy spin-off was found out that energy spin-off, unrelated to its parent , since the year of separation continue to generate net loss, despite those fact that parent company of spin-off still shares with it resource and personnel. Based on financial ratio performance analysis of financial service spin-off was found out that spin-off performance had been improving slightly since separation from parent. Financial service spin-off have plans to become one of the leaders in the financial industry.
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Ponczek, Daniel Kalansky. "O instituto da incorporação de ações." Universidade de São Paulo, 2011. http://www.teses.usp.br/teses/disponiveis/2/2132/tde-03082012-162117/.

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O presente trabalho tem por objeto o estudo do instituto da incorporação de ações. Para tanto, será analisado, (i) no primeiro capítulo, o regime legal vigente e sua natureza jurídica, apresentando-se as diferenças em relação à operação de incorporação de sociedade, fazendo inclusive um contraste com o direito norte-americano; (ii) no segundo capítulo, a proteção dos acionistas minoritários em operações de incorporação de controlada e eventual impedimento de voto do acionista controlador, analisando-se os recentes pareceres de orientação emitidos pela CVM; (iii) no terceiro capítulo, o estudo do instituto do tag along e do fechamento de capital e necessidade de realização de oferta pública em operações de incorporação de ações que impliquem transferência de controle ou cancelamento de registro de companhia aberta, à luz das últimas operações realizadas no mercado; (iv) no quarto capítulo, a discussão dos principais precedentes nos quais a CVM decidiu impor restrições ou impedir a realização de operações de incorporação de ações por entender ter havido um tratamento não equitativo entre os acionistas minoritários e controladores, com o objetivo de demonstrar a alteração do comportamento do órgão regulador no decorrer dos anos
The present work aims the study of the stock-for-stock exchange transactions (incorporação de ações). For this purpose, it will be examined (i) in the first part, the current legal regime and legal nature, contemplating differences with the statutory merger (incorporação de sociedade), including a comparison with the US law, (ii) in the second part, the protection of minority shareholders in the context of parent-subsidiary mergers and possible exclusion from voting of the controlling shareholder, taking into account the recent opinions issued by the Brazilian Securities and Exchange Commission (CVM), (iii) in the third part, the study of the tag along rights and the regulation for delisting companies and the need to conduct a tender offer in stock-for-stock exchange transactions involving transfer of control or delisting of a publicly-held company in light of recent transactions, and (iv) in the fourth part, the discussion of the key precedents on which CVM has decided to impose restrictions or prevent the conduct of stock-for-stock transaction under the understanding that there was inequitable treatment of minority shareholders and controlling shareholders, in order to demonstrate the change of the CVMs understanding over the years.
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Mrkvicová, Nikola. "Návrh změny metody konsolidace u vybraného koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-224819.

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The master's thesis deals with problems related to the consolidation of financial statements of the group ZAPA beton. The thesis contains basic theoretical ways out relating to the consolidated financial statements. There are mentioned important terms, there are described consolidation methods and methods for their calculation. These theoretical informations were used for work out a practical part, which includes proposing proportional method of consolidation instead of the full a consolidation method for subsidiary ZAPA UNISTAV, s. r. o. Finally in the financial analysis, there are evaluated the effects of changes in methods on the financial statements of the consolidation group.
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Suban, Robert. "The financing of multinational subsidiaries." Thesis, University of Manchester, 2015. https://www.research.manchester.ac.uk/portal/en/theses/the-financing-of-multinational-subsidiaries(20510445-f31e-4a00-bd01-870fd19be9da).html.

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In this thesis, we investigate how multinational (MNC) parents can use the way they finance their subsidiary firms in order to constrain subsidiary management. In the first essay, we develop a theoretical framework in which we consider a number of alternative decisions related to the financing of MNC subsidiary firms. We show that, from the MNC parent's perspective, the optimal choice is to delegate the monitoring of the subsidiary to host-country banks and finance the subsidiary using short-term and short-term external debt. This arrangement will guarantee that the MNC subsidiary management exerts an optimal amount of effort and abides by the objectives set by the MNC parent. In the second essay, we propose and test four hypotheses addressing how MNC parents can use short-term and short-term external debt to constrain the rent-seeking behaviour of subsidiary management. One set of hypotheses analyses the use of short-term debt. The second set of hypotheses investigates the use of short-term external debt. Moreover, we investigate these two hypotheses in two different settings to measure: (i) the subsidiary effect by comparing between UK domestic and UK subsidiary firms and (ii) the location effect by comparing UK and US subsidiary firms. We find support for our hypotheses, namely that UK subsidiaries have more short-term debt and more short-term external debt as compared to equivalent UK domestic firms, and that US subsidiaries have more short-term debt and less short-term external debt compared to equivalent UK subsidiaries. Our results are both statistically and economically significant and are robust to the use of a matched sample approach to test our hypotheses. The third essay investigates the relationship between the bargaining power of MNC subsidiary firms and the way these firms are financed by analysing the source and the maturity of financing arrangements. We argue that the financing arrangements used to finance the subsidiary are linked to its ability to engage in rent-seeking behaviour and the latter depends on the amount of bargaining power that the subsidiary possesses. We use four different measures of bargaining power, namely age, size, presence of foreign sales and percentage of foreign sales. Using data relating to UK and US MNC subsidiaries between 2001 and 2010, we test two sets of hypotheses linking the bargaining power of the MNC subsidiary firms with the use of short-term debt and the use of external short-term debt. Our results provide strong support for our short-term debt hypotheses while support for our external debt hypotheses is more limited. The results are also economically significant when using the percentage of foreign sales as a bargaining power proxy. We also notice that the use of debt to constrain subsidiary management behaviour appears to differ across UK and US MNC subsidiary firms.
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Leng, Yue, Mohamed Mohamed, and Peter Westerberg. "The process of making a Chinese subsidiary company meeting Western standards : A case study in a Chinese manufacturing company." Thesis, Högskolan i Gävle, Avdelningen för Industriell utveckling, IT och Samhällsbyggnad, 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-20098.

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This research is carried out by studying a Chinese factory, producing metal spare parts, and its Swedish parent company that produces binding machines. The companies recently merged together after a previous relationship as supplier and customer. To bring the companies closer together an ERP-system was implemented during the research period. The purpose of this study is to answer three research objectives: Explore what outcomes there are when a Swedish company acquires a Chinese factory related to cultural differences affecting the merging process. Investigate conditional barriers for developing the Chinese factory to meet Swedish standards regarding the relation of quality and production. Discover how efficient communication with ERP-system can help with the achievement of meeting Swedish standards for the subsidiary Chinese factory. To answer these questions, interviews with three people in management positions was constructed and carried out. A questionnaire was constructed to get the employees views on changes. Observations was made in the Chinese factory which provided some information useful to answering the research objectives and with these three methods the results could be triangulated. Literature was reviewed with connections to: culture differences, ERP-systems and quality perspective in China to construct the theoretical basis for this research.   The study discovered how culture differences affected important areas such as communication, work implementation and management. The cultural differences also affected the second research question about quality and production. Other aspects as education, quality focus, and involvement from employees were also acting as a barrier for developing quality and production. The implementation of an ERP-system experienced some of the barriers mentioned above as language and culture differences but also providing effective communication. Also other benefits as a clearer view of the organization structure, manufacturing processes and the production flow.  However, the ERP-system implemented also has its flaws since it is not fully adapted to the Chinese market and users’ needs. It is also a reflection on the importance of understanding and adjusting to the Chinese culture.
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Šerá, Gabriela. "Zhodnocení vlivu změny metody konsolidace na ekonomickou situaci vybraného koncernu." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-225022.

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The master thesis focuses on the issue of consolidated financial statements. The thesis discusses the possible change of the consolidation method as a result of selling a part of the share. The financial health of the analyzed entity after the sale is assessed based on the conclusions of the financial analysis. Finally, proposals and arrangements for the sale are presented and appropriate consolidation method is identified.
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42

Strach, Pavel, and n/a. "Exploring relationships between parent companies and their subsidiaries : the case of Japanese mulitinationals." University of Otago. Department of Management, Department of Marketing, 2007. http://adt.otago.ac.nz./public/adt-NZDU20080130.095953.

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Japanese-style management and Japanese companies have been popular targets of management studies since the 1970s. Many studies have been devoted to the examination of Japanese companies in Japan. By comparison, less understanding has been achieved about how Japanese companies conduct business in their international operations and how famous Japanese management has been transferred to Japanese subsidiaries. This thesis contributes to an ongoing academic debate about the internationalization processes within Japanese multinational companies. The processes involved in interaction between the parent company and subsidiaries address the research question of how subsidiaries of Japanese multinational firms perceive the relationship with their parent companies. The parent-subsidiary relationship is conceptualized within the boundaries of communication and information exchange theory. The conceptual framework creates a tool for research inquiry into the parent-subsidiary relationship. The framework conceptualizes the relationship between facilitating factors and perceived parental influence. Access to the parent company, motivation to engage with the parent company, and ability to engage with the parent company are conceptualized as factors facilitating the parent-subsidiary relationship. National/country and organizational/industry characteristics are identified as attributes moderating the relationship. Information outflow, inflow, and intraflow are derived components of the parental influence. The study presented here is exploratory with findings based on two sequential comparative research stages. The Czech Republic and New Zealand, although different in terms of national and country characteristics, are argued as a suitable comparable base for conducting research within subsidiaries ofJapanese firms. In stage one, 18 Czech and 17 New Zealand subsidiaries of Japanese companies participated in a questionnaire survey. In stage two, 26 semi-structured interviews were conducted for case studies within Czech and New Zealand subsidiaries of six Japanese parent companies. The case studies provided further insights into the subsidiary-parent relationship. This research seeks contribution to the internationalization literature by offering a new useful framework for the examination of the parent-subsidiary link. The self-identity of Japanese subsidiaries was found to give meaning to the parental relationship as perceived by the subsidiary. This relationship was influenced by the subsidiary�s country location, the industry in which the subsidiary operates, and the presence of expatriate management in the subsidiary. This research also found significant commonalities among the perceptions of parental influence in all Japanese subsidiaries involved in the study. The observed commonalities indicate that Japanese companies might have moved away from the internationalization processes ascribed to them by previous academic research. The change triggered by collapse of stock markets in mid-1990s has resulted to a recent reduction of expatriate staff reported little parental guidance, independence, and the strong self-identification of subsidiaries with their local environment. Keywords Internationalization, Japanese Multinational Company, Subsidiary, Czech Republic, New Zealand, Information, Parent-Subsidiary Relationship
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43

TAN, RICKY IGNATIUS, and 陳永福. "Subsidiary Performance Measurement Based on Parent Company and Subsidiary Characteristic." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/6d6z4w.

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碩士
逢甲大學
國際經營與貿易學系
106
One important strategy for MNEs to compete in global market is to engage in FDI, however the firms must know how they perform in the host country market. Therefore, foreign subsidiary plays an important role for MNEs globalization strategy. In order to measure subsidiary performance, this study used multilevel analysis approach using Hierarchical Linear Model (HLM) statistic method by separating parent company attribute and subsidiary owned attribute as two distinct levels. This method provides insight to analyze subsidiary performance by clarifying that FDI is a multi level problem that cannot be analyzed using one level analysis method. This study used sample of Taiwanese enterprises and its subsidiaries counterpart in Mainland China. The data was extracted from Taiwan Economic Journal (TEJ) database. Precisely, 711 Taiwanese firms and 4458 subsidiaries in China were obtained. As for independent variable, we choose parent company export orientation, market growth, firm size, firm total performance (ROA), R&D investment, depth and breadth of internationalization and foreign holding for parent company attributes. Furthermore, invest location (area), ownership level, subsidiary size, capital and total investment amount were chosen as independent variable in subsidiary level. This study found that in the parent company attribute, firm size, firm total performance, depth of internationalization and foreign share holding hold significant roles toward subsidiary performance, while in the subsidiary attribute, subsidiary size, subsidiary owned capital and total investment fund significantly affecting subsidiary performance.
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44

Kuo, I.-Ying, and 郭怡瑩. "Organizational cultural differences between the subsidiary and the parent company." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/5f3xuu.

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碩士
淡江大學
管理科學學系企業經營碩士在職專班
102
The conglomerates played an important role in the economic development in Taiwan. The local conglomerates in Taiwan established subsidiaries through horizontal integration, vertical integration, and diversification. In the expansion process, the founder of the conglomerate may establish its unique business philosophy and work values.This research tries to study the consistency in work values between subsidiary employees and those of the headquarter of a conglomerate. Furthermore, with the new generation of employees began entering the workplace, this research also explores the identification of enterprise culture between different generations. Through a case study, results of this research showed that subsidiary employees’ work values were different from those of the headquarter of a conglomerate, and the new generations’ identification of enterprise culture were not as strong as senior staff. Subsidiary employees’ organizational commitment toward the headquarter is higher than the subsidiary they are working for.
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45

Shen, Yuan-Lung, and 沈元隆. "An leadership strategy analysis of multinational corporation's parent company and subsidiary company---an example of biotechnology company-C." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/00427134020468659553.

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碩士
國立中正大學
企業管理研究所
99
In recent years, due to the fact that mainland market segments are propelled by reform and opening-up policies, the consumer markets are constituted by large populations as well as constantly rising in the economic growth in addition to recently announced the 12th five-year plans of related policies, all of these render the Chinese mainland investment environment with considerable new changes. The large domestic demand markets exhibited in mainland China and the free trade after joining WTO, and lowering tariffs through Agreement on Trade in Goods of the Framework Agreement on Comprehensive Economic Co-operation, mainland market has become the new economic markets that all nations in the world start to compete and make investments. Nonetheless, traditional industries and electronics industries had already gradually relocated factory facilities to mainland or merging them into subsidiaries. Because of the recently 12th five years plan, biotech industries also relocated to mainland China to set up subsidiaries as well. Whereas the management and talent needs from biotech industries differed from those of electronics and traditional industries, specifically in the area that the way the parent Taiwan companies selected and dispatched talents and personnel was based upon the needs stemmed from counteracting different political, cultural environments. Therefore, how the dispatched supervisors should inspire the employees will be the main subject that this research intends to explore. 　　 　　Findings of this research indicated that the style of managed by the parent company in Taiwan decided how the mainland company selected its supervisor’s capability and management model. Most of the time, the highest leadership position was filled with dispatched personnel from the mother country of that company. Moreover the subsidiary strategic orientation also posed certain impacts to the revenues and market developments for the mother company. Study case for this research involved of the different products made by Taiwan parent company vs. mainland subsidiary company; and it was the reflection of up or down stream relationships; hence, it had good collaborating relationship as well as could be complimenting to each other after all.
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46

Lin, Chang-Hung, and 林昌鴻. "The Effect of Initial Public Offerings of Subsidiary Company on Common Stock Return of Parent Company." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/475awe.

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碩士
朝陽科技大學
財務金融系碩士班
93
Abstract This study focuses mainly on the effect of initial public offerings(IPO) of subsidiary company on common stock return of parent company. Our empirical evidences present that the IPO of subsidiary company causes significantly negative abnormal return for the common stock return of parent company. We also show that significantly negative abnormal returns of parent company exists when the subsidiary and parent companies belong to the same industry. On the contrary, significantly positive abnormal returns of parent company exists when the subsidiary and parent companies belong to the different industry. Therefore,We conclude that multi-dimensional operation will elevate the development and operation of the parent company, thus boost the value. Therefore, sustainable operation and multi-dimensional investment on subsidiary companies are the keys to promote the value of an enterprise. Keywords: Subsidiary Company, Initial Public Offerings, Parent Company, Diversification
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47

Huang, Yi Ling, and 黃苡菱. "The Impact of Subsidiary Companys’ Knowledge Access and Communication Capabilities on the Dynamic Capabilities of Parent Company-The Expatriates’ Perspective." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/10435669252795599536.

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48

Chen, Keng-Bing, and 陳耿彬. "The Interface Role of MNC''s Taiwan Subsidiary While Parent Company Making Investment in Mainland China." Thesis, 2003. http://ndltd.ncl.edu.tw/handle/24205637104190713436.

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碩士
國立中山大學
企業管理學系研究所
91
Abstract There is more than 20 years since Mainland China implemented the ‘open door’ policy; starting from 1979. China’s large and potential local market, abundant resources i.e. land, labors, raw-materials etc. and various taxation incentives are giving the great attractions to MNCs on making investments in China. On the opposite, Taiwan is now intertwined with the internal political turmoil and global economic downturn that lead the economic development to a situation of stasis. The current economic development in two sides of the strait has revealed the opposite trends, one is rising, and the other is shrinking. In face of such unpleasant situation, what can Taiwan do to create other opportunities for future economic development? The focus of this thesis is on the changes of value activities of MNC’s Subsidiaries in Taiwan. The main themes for this research are (1) MNCs have long been the key players of international investment since 1960s, and influenced substantially on the global economic development. The investment behaviors of MNCs in the new developing market - China have brought the high attentions of academic circles and practitioners. (2) In face of the rapid upraising of China, what are the changes of value activities in MNC’s Subsidiaries in Taiwan? What are the possible solutions for future development of Taiwan? (3) Until now (per our understanding), there are few articles studying about the resources flow and the mutual dependence amongst MNC’s HQ and Subsidiaries, this thesis provides the observations. Therefore, this thesis covers the topics of the initiative behaviors of MNC’s Taiwan Subsidiaries while intending to set up a new Subsidiary in China; the decisive factors of assigning the third country nationals (TCNs) for China Subsidiary and the role shifts of Taiwan Subsidiary upon of the time changes. This thesis indicates that because of the value activities in MNC’s Taiwan Subsidiaries are mostly concentrated on production or operation, and do not take part in business related management thus they have few decision powers on initiating a China Subsidiary. Exceptions are for those Subsidiaries which have the top management with local nationality and/or with entrepreneurship might participate indirectly in decision making. Besides, MNC’s Taiwan Subsidiaries mainly act as the task role in China project therefore, the depth of involvement depends on their capabilities and resources which have relation to the years of establishment. If other MNC’s affiliates or regional headquarters are possessed of the needed capabilities and resources, they might also involve to a certain extent in China’s investment. The assignments of top team members for China project are influenced by the management style of MNCs. In most of cases, the top leading positions are filled by home country nationals of MNCs. But, for the functions of factory construction; operation or production the manager positions are commonly delegated to the experienced persons in Taiwan Subsidiaries. The main considerations are the technical capabilities, cultural background and common language. In respect of the role shifts of Taiwan Subsidiaries during the three developing stages i.e. construction, operation, and expansion of China Subsidiaries, our cases indicate that during the construction period, the main contributions of Taiwan Subsidiaries are to helping the personnel recruitments, providing technologies of factory construction and establishing the management systems; during the operation period, the contributions are to smoothing the daily production, optimizing the process, upgrading the quality of products; during the expansion period, the contributions are to enhancing the supply chain management, improving the productivity, introducing the new products or new manufacturing processes. This thesis concludes that, in line with the continuous growth of China Subsidiaries, the importance of Taiwan Subsidiaries might be dieing down, especially when there will be more and more experienced and capable human resources in China. This thesis also indicates that, due to the product profiles of MNC’s Subsidiaries in Taiwan and China have the high percentages of overlap thus the internal sales competition can be foreseen. However, our cases reveal that there is no fact of strong competition but most cooperation. The main reasons are that the business management is normally handled and coordinated by the separated organization of regional sales & marketing also, the current market demands are still big enough. Therefore, at the moment, two Subsidiaries of Taiwan and China are sitting in a balance or even in a complementary situation. However, if Taiwan’s economic situation can not go abreast with that of China, it can be predicted the fadedness of Taiwan Subsidiaries in MNC’s position. Only the individuals who with the high competencies can continuously play the important roles in MNC’s Subsidiaries or possibly to be upgraded to the higher position in MNC’s regional or global management teams.
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49

Liao, Yung Yuan, and 廖永淵. "Analyze and Explore The Parent- Subsidiary Company's M&A and Culture Influence Factors - The Case Study of K Company." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/s5q42u.

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碩士
國立交通大學
管理學院科技管理學程
106
In this paper, the case study of foreign enterprises in semiconductor test equipment as a case study, in the acquisition process using the internal professional team and system assistance, with its professional experience and planning, mergers and acquisitions can be carried out the program More smoothly. However, in the communication work, still need the company's high-level management personally, with the greatest sincerity to eliminate the staff's unease. Taiwan itself lacks domestic demand market support, and in the past industrial division of labor but lack of key technology, making the industry development is limited. The future of Taiwan's industry must consider the necessity of industrial consolidation, and through foreign mergers and acquisitions or foreign investment to Taiwan to invest in mergers and acquisitions to make up for the lack of resources to produce a "qualitative change" to re-build the competitiveness of Taiwan's industry. The purpose of this paper is to take Parent-subsidiary M & A type as the premise, through case studies and literature review to summarize how the T company uses the cultural influence of the parent company to avoid merger and acquisition resulting in corporate culture conflict, so that "K Company" after changing the marketing model more competitive, successfully achieved the comprehensive effect of mergers and acquisitions.
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50

WANG, LI-WEN, and 王俐雯. "Who kidnap my business? The study of relationship between parent company and derivative subsidiary : business embeddedness perspective." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/945rb8.

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碩士
國立中正大學
企業管理系研究所
105
In order to enhance the overall effectiveness, enterprises often encourage internal entrepreneurship to achieve a diversified business model. The parent company gives the necessary resources for the derivative subsidiary. Through the subsidiary development results, the parent company not only obtains the reward of investment innovation but also indirectly strengthens competitive position. Whether the derivative subsidiary is able to develop smoothly is closely related to the parent company's support. Based on the Agency theory, Stewardship theory, business embeddedness theory, and case analysis, this study tries to investigate the dependent relationship between parent firm and derivative subsidiary, and further explore the effect of parent’s openness and parent-subsidiary embeddedness on the operation of derivative subsidiary. When the increase profits of parent company is greater than originally from the subsidiary's, derivative subsidiaries can persuade the parent company to support its independent development. The relationship between the key niche and the business embeddedness will affect the dependency of the parent company. To determine the fate of their own business, subsidiaries need to take key success of the niche, and to obtain a solid position in the network.
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