Mezzanine finance and corporate bonds

The article deals with the problems of mezzanine finance in relation to corporate bonds. Firstly, attention is paid to definition of mezzanine finance. The term mezzanine finance is used as a term for hybrid forms of financing that combine elements of debt and equity financing. Mezzanine finance represents an alternative form of financing corporate activities. Secondly, possible forms of mezzanine finance are characterized. We can say that special types of corporate bonds (convertible bonds and option bonds) present instruments of mezzanin finance. Then, attention is focused on the problems of corporate bonds. Corporate bond is a security connected with the right to settlement of the sum owing and with the issuer’s obligation to meet this right. A corporate bond is one of the important instruments on the capital market, and at the same time it is a potential source of financial means for companies.mezzanine finance, corporate bonds, option bonds

The Sharing Economy in Practice in the Czech Republic: A Small Post-Communist Economy

The sharing economy represents a new business model which has been experiencing an unprecedented and increasing boom. However, differences are evident in the development of the sharing economy between individual continents and even countries, this being to the detriment of less developed countries such as post-communist countries. The aim of the study is to present a model of the sharing economy from the point of view of the practical experience of a small post-communist economy: the Czech Republic. An explanation of how the term sharing economy is defined and understood in a national context is provided in the chapter, and alternative types of the sharing economy which are applied in this country are specified. Discussion is presented of the key issues of an economic and legislative nature which are dealt with in the context of the model of the sharing economy in this country. Key and other major players in the sharing economy in the Czech Republic are also presented, and the scope of the sharing economy in this country is analysed and evaluated. The development of the sharing economy is discussed in relation to the opportunities and threats associated with this phenomenon

Proposal of Project Management Methods and Tools Oriented Maturity Model

A maturidade em gestão de projetos influencia muito o nível de sucesso da implementação de projetos. Entretanto, os modelos de maturidade em gestão de projetos (PMMMs) disponíveis são caros, demorados e exigem muito esforço e competências da organização quando são aplicados. Além disso, não há nenhum PMMMs que avalie em detalhe o uso dos métodos e ferramentas recomendados em gestão de projetos.  O objetivo deste artigo é projetar um PMMM amigável que avaliará a maturidade em gestão de projetos baseados na avaliação do uso das ferramentas e métodos em cada estágio do ciclo de vida do projeto, considerando o tipo de projeto predominante que está sendo implementado. Os autores aplicaram análise crítica e comparativa, baseada nos modelos de maturidade disponíveis, e um novo PMMM foi projetado, usando analogia, dedução e indução, com base na síntese do conhecimento adquirido combinado com a experiência de praticantes. É um PMMM único, caracterizado pela complexidade, facilidade de uso e flexibilidade financeira. Além de que é um modelo que pode ser usado em organizações com várias filiais, mas também com atuação em vários setores.Project management maturity greatly influences the success rate of the project implementation. However, available project management maturity models (PMMMs) are costly, time-consuming and demanding in terms of organization and competence when it comes to application. Moreover, there is no PMMM that evaluates in detail the usage of recommended project management methods and tools. The goal of this article is to design a user-friendly PMMM that would evaluate the project management maturity based on assessment of the usage of project management tools and methods within each stage of project life cycle taking into account the predominant type of projects implemented. The authors used the critical and comparative analysis, based on that the available project management maturity models were assessed and the new PMMM was designed using analogy, deduction, and induction, based on the synthesis of the acquired knowledge combined with the expert experience of the practitioners. It is a unique PMMM, characterized by complexity, user friendliness and financial flexibility. In addition, it is a model that can be used not only in companies of various branches, but also in organizations of other institutional sectors

Municipal Social Responsibility of Statutory Cities in the Czech Republic

Application of the concept of corporate social responsibility (CSR) is demanded of an ever-wider range of entities as time goes by, among which are municipalities. However, the topic of social responsibility of municipalities stands outside of the bounds of mainstream research. This article presents the results of a study, the objective of which was to identify the socially responsible practices applied by the statutory cities in the Czech Republic, in order to analyse and evaluate the scope and structure of socially responsible activities performed by them and communicated on the internet. The study shows that statutory cities in the Czech Republic perform similar activities to those performed by enterprises within the framework of application of the concept of CSR, this being in the field of economic, environmental, ethical, social and philanthropic responsibility. They perform and communicate economic responsibility activities to the greatest extent and, by contrast, ethical responsibility activities to the least extent. Examples of good practice in performance and communication of these activities on the internet are documented in the article using the example of the City of Pardubice

Podnikove obligace - perspektivni zdroj financovani v ceskem prumyslu

Dissertation deals in detail one of the possible sources of funds -corporate bonds that represent a long-term external source of funds. The thesis explains basic terms of financial decision and mutual relationships among financial decision, investment decision and financial planingSummary in EnglishAvailable from STL Prague, CZ / NTK - National Technical LibrarySIGLECZCzech Republi

Proposal of Project Management Methods and Tools Oriented Maturity Model

Project management maturity greatly influences the success rate of the project implementation. However, available project management maturity models (PMMMs) are costly, time-consuming and demanding in terms of organization and competence when it comes to application. Moreover, there is no PMMM that evaluates in detail the usage of recommended project management methods and tools. The goal of this article is to design a user-friendly PMMM that would evaluate the project management maturity based on assessment of the usage of project management tools and methods within each stage of project life cycle taking into account the predominant type of projects implemented. The authors used the critical and comparative analysis, based on that the available project management maturity models were assessed and the new PMMM was designed using analogy, deduction, and induction, based on the synthesis of the acquired knowledge combined with the expert experience of the practitioners. It is a unique PMMM, characterized by complexity, user friendliness and financial flexibility. In addition, it is a model that can be used not only in companies of various branches, but also in organizations of other institutional sectors