National Repository of Grey Literature 81 records found  1 - 10nextend  jump to record: Search took 0.01 seconds. 
Essays on Citizenship Policies and Immigrant Integration
Sargsyan, Vahan ; Hanousek, Jan (advisor) ; Guzi, Martin (referee) ; Elsner, Benjamin (referee)
Differential treatment towards minority groups in host societies and labor markets may be a result of both a governmental registration system that fosters unequal rights based on the origins of individuals and the disadvantageous attitude of local employers and the general population towards non-locals. In the first chapter, I test for differential treatment in the Chinese labor market towards rural migrants with and without urban registration, using data from the Rural to Urban Migration Survey in China. The findings indicate that despite its often-assumed large impact on the differential treatment towards rural migrants, the type of household registration (hukou) is not entirely responsible for the local-migrant differences in the total hourly earnings that are not attributable to personal characteristics. The results suggest that even the complete abolishment of the hukou system may at most eliminate only a portion of the disadvantageous treatment towards rural female migrants that is not attributable to differences in personal characteristics, and may even have no measurable impact on rural male migrants working in the paid-employment sector in Chinese urban labor markets. In the second chapter, I conduct an empirical study in order to estimate the impact of naturalization on the labor market...
Essays on Sports Economics
Janhuba, Radek ; Hanousek, Jan (advisor) ; Humphreys, Brad (referee) ; Rees, Daniel (referee)
In the first chapter, I examine the effects of emotional shocks on subjective wellbeing and the role social context plays in how shocks are experienced. Using data from the Behavioral Risk Factor Surveillance System (BRFSS), the study uses an ordered logit model to estimate the effects of the local college football team's wins and losses on the life satisfaction of local citizens. The analysis suggests that unexpected wins have positive effects on life satisfaction. The results are driven entirely by games played at the home stadium, indicating that the impacts of emotional shocks are larger if the experience is shared with other fans. Moreover, the effects increase with the size of the stadium relative to the local population, suggesting that social context is likely to be the underlying factor. Surprisingly, no effects are found for cases of unexpected losses. The second chapter examines the relationship between the number of on-field officials and committed fouls, a phenomenon connected to the economics of crime. Economists have found mixed evidence on what happens when the number of police increases. On one hand, more law enforcers means a higher probability of detecting a crime, which is known as the monitoring effect. On the other hand, criminals incorporate the increase into their decision-making...
"And when will we go back again to look at the whale?" Exhibitions of the National Museum in the second half of the 20th century in the light of archival sources
Hanousek, Jan ; Woitschová, Klára (advisor) ; Běličová, Milena (referee)
This thesis presents results of a research on a topic that has not been studied yet. The first part focuses on general questions and context - contemporary views on exhibition activities, the process of realization of the exhibition (exposition), typology of archival sources and their information value, nomenclature and projection of external influences (politics, censorship) into the exhibition activities. In the other part are (in a form of analysis of a concrete material) presented expositions of National Museum, it's exhibition activities between 1953-1962, expositions and exhibitions of a Mineralogical department and exposition of a Prehistorical department. A list of exhibitions corresponding to the current state of research is connected in the attachment. Key words: Exhibitions, expositions, National Museum, archival sources.
Neighborhood components analysis and machine learning
Hanousek, Jan ; Antoch, Jaromír (advisor) ; Maciak, Matúš (referee)
In this thesis we focus on the NCA algorithm, which is a modification of k-nearest neighbors algorithm. Following a brief introduction into classification algorithms we overview KNN algorithm, its strengths and flaws and what lead to the creation of the NCA. Then we discuss two of the most widely used mod- ifications of NCA called Fast NCA and Kernel (fast) NCA, which implements the so-called kernel trick. Integral part of this thesis is also a proposed algo- rithm based on KNN (/NCA) and Linear discriminant analysis titled TSKNN (/TSNCA), respectively. We conclude this thesis with a detailed study of two real life financial problems and compare all the algorithms introduced in this thesis based on the performance in these tasks. 1
Firm efficiency, foreign ownership and CEO gender in corrupt environments
Hanousek, Jan ; Shamshur, Anastasiya ; Trešl, Jiří
We study the effects of corruption on firm efficiency using a unique dataset of private firms from 14 Central and Eastern European countries from 2000 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is stronger for firms with a lower propensity to behave corruptly, such as foreign-controlled firms and firms managed by female CEOs, while local firms and firms with male CEOs are not disadvantaged. We also find that an environment characterized by considerable heterogeneity in the perception of corruption is associated with an increase in firm efficiency. This effect is particularly strong for foreign-controlled firms from low corruption countries, while no effect is observed for firms managed by a female CEO.
Company names and their influence on company productivity
Hanousek, Jan ; Jurajda, Štěpán
Our analysis reveals that a company’s name may be related to its economic productivity. The name’s alphabetical position, the use of “national”4 words, and the inclusion of English phrases within the name all play a role. This study looks at the association between certain characteristics of a company’s name and growth in the company’s turnover, growth in value added and profit from shares using company data from 17 EU countries over a period of more than 15 years. We distinguish between companies in countries where Romance languages, Slavic languages and Germanic languages are spoken. The effects of company names vary across these language-country groups. The link between the alphabetical position of the name and the company’s economic productivity is strongest in the services sector. For example in France and Poland moving the company’s name from the end of the alphabet to the beginning can result in increased turnover by as much as two percentage points. The influence of “national” words in the company’s name is connected with higher long-term growth in turnover, in particular in Poland, France and Norway. In Poland the use of “national” words can increase long-term growth in turnover by nearly four percentage points. The influence of including English words in the company’s name varies across the languagecountry groups. While in the Romance group English words have a negative infuence, in Germanic group of countries they have mixed effects, and in Slavic language speaking countries they have a clear positive effect. This study adds to existing analyses in the field of marketing and linguistics that have focused in particular on the origin of brand and company names, and to research into the effects of company names on share profits.
Applications of modern spectral tools in financial econometrics
Křehlík, Tomáš ; Baruník, Jozef (advisor) ; Hanousek, Jan (referee) ; Croux, Christopher (referee) ; Wang, Yao (referee)
Spectral tools in econometrics have lately experienced a renewed surge in interest. This dissertation contributes to this literature by providing conceptually different spectral-based methods and their applications to problems of modern economics. In the first part, we take a spectral decomposition of realized volatility and construct a multivariate GARCH style model that we fit by standard quasi-maximum likelihood and generalized autoregressive score procedures. We build our model on a belief that market agents obtain information in various time horizons and therefore form their expectations in various informational horizons. This behavior creates an overall volatility process that is a mixture of spectrum specific processes. We then apply the model to the currency markets, namely GBP, CHF, and EUR. With the help of the model confidence set test we show that the multi-scale model and the generalized autoregressive score based models produce forecasts that are in most cases superior to the competing models. Moreover, we find that most of the information for future volatility comes from the high frequency part of the spectra representing the very short investment horizons. In the second part, we provide a spectral decomposition of a system multivariate connectedness measure based on Diebold and Yilmaz...
Productivity and trade spillovers: horizontal crowding-out versus vertical synergies in Europe as a response to foreign direct investment
Hanousek, Jan ; Kočenda, E. ; Vozárová, P.
We analyze the impact of multinational enterprises (MNEs), via their foreign direct investment (FDI), on domestic firms in 30 European host economies, from 2001 to 2013. We incorporate international industrial and trade linkages into a standard theoretical framework and test them empirically on a unique dataset compiled from the Amadeus, Eurostat, UN Comtrade and BACI data sources. While controlling for horizontal, vertical, and export channels at the upstream and downstream levels, we show that the presence of MNEs significantly affects domestic firms, in terms of both changing the market structure and improving productivity. The impact is not always positive, as domestic firms are often crowded-out. However, those firms that withstand such double competition receive additional benefits stemming from trade (export) spillovers. In our complex model, we did not find significant (positive) interactions of domestic firms with horizontal MNEs which would suggest desirable productivity spillovers.
Asymmetries in the firm’s use of debt to changing market values
Ferris, S. P. ; Hanousek, Jan ; Shamshur, Anastasiya ; Trešl, Jiří
Using a large sample of U.S. firms over the period, 1984 to 2013, this study examines the relation between market and book leverage ratios. Unlike Welch (2004) who contends that changes in market leverage do not induce adjustments in book leverage, we find an asymmetric effect. That is, firms adjust their book leverage relative to market leverage only when the changes in market leverage are due to increases in the value of the firm’s equity. No adjustment is observed when firm equity values decrease. We observe a number of interesting differences between those firms that make large and small capital structure adjustments in response to changing equity prices. Our results are consistent with Barclay, Morellec and Smith (2006) who argue that the optimal level of debt decreases in the presence of corporate growth options.
To bribe or not to bribe? Corruption uncertainty and corporate practices
Hanousek, Jan ; Shamshur, Anastasiya ; Trešl, Jiří
Using a large sample of private firms over the period from 2001 to 2013, we study the effect of corruption uncertainty on corporate investments and cash holdings. We find that a higher uncertainty about the level of corruption is associated with lower corporate investments and lower cash holdings. These results are sensitive to the ownership structure of a firm. Firms with no foreign majority ownership appear to be more sensitive to corruption-induced uncertainty than majority-controlled foreign firms. They significantly decrease their investments and cash holdings. We hypothesize that they move their cash off-balance-sheet to create cash reserves as the uncertainty of when, whom, and how much to bribe increases.

National Repository of Grey Literature : 81 records found   1 - 10nextend  jump to record:
See also: similar author names
2 Hanousek, J.
1 Hanousek, Jakub
2 Hanousek, Jiří
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