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Essays on the Remittance Inflows Sent to Ukraine from Abroad
Kuntsevych, Iuliia ; Filer, Randall (advisor) ; Fungáčová, Zuzana (referee) ; Lubyová, Martina (referee)
This dissertation deals with topics of remittances in Ukraine and corruption in the Czech Republic. Chapter 1 analyzes remittances sent by Ukrainian emigrants to their country of origin. It explores the dependence on remittances of a household's spending on human capital, savings and donations, against the backdrop of the political situation in Ukraine in 2004. The paper also explores the effect of the political instability in Ukraine on how the households receiving remittances used them. The results of a Ukrainian Longitudinal Monitoring Survey (ULMS) are used to explore households' decision to spend on human capital development, save, or donate money; depending on their political views and future expectations. The main hypothesis tested is whether the individuals who supported and/or were involved with the Revolution (``pro-orange"), and who were optimistic about the future of Ukraine after the Orange Revolution, saved/donated more money than those who did not support the Revolution `(`pro-blue-white"). In addition, the level of influence of remittances received from relatives or friends outside Ukraine on decisions to save and donate money is analyzed. The results show that the political views of respondents do not have a significant effect on decisions to save and/or donate money. However, respondents'...
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Essays on the Remittance Inflows Sent to Ukraine from Abroad
Kuntsevych, Iuliia ; Filer, Randall (advisor) ; Fungáčová, Zuzana (referee) ; Lubyová, Martina (referee)
This dissertation deals with topics of remittances in Ukraine and corruption in the Czech Republic. Chapter 1 analyzes remittances sent by Ukrainian emigrants to their country of origin. It explores the dependence on remittances of a household's spending on human capital, savings and donations, against the backdrop of the political situation in Ukraine in 2004. The paper also explores the effect of the political instability in Ukraine on how the households receiving remittances used them. The results of a Ukrainian Longitudinal Monitoring Survey (ULMS) are used to explore households' decision to spend on human capital development, save, or donate money; depending on their political views and future expectations. The main hypothesis tested is whether the individuals who supported and/or were involved with the Revolution (``pro-orange"), and who were optimistic about the future of Ukraine after the Orange Revolution, saved/donated more money than those who did not support the Revolution `(`pro-blue-white"). In addition, the level of influence of remittances received from relatives or friends outside Ukraine on decisions to save and donate money is analyzed. The results show that the political views of respondents do not have a significant effect on decisions to save and/or donate money. However, respondents'...
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Essays on Foreign Capital, Extenal Finance and Trade of European Firms
Tóth, Peter ; Lízal, Lubomír (advisor) ; Lubyová, Martina (referee) ; Halpern, László (referee)
This dissertation is composed of three chapters studying empirical questions of corporate finance, European integration and international trade using firm-level data. The first chapter is focused on the macroeconomic and firm-specific determinants of attracting foreign investors to Czech firms before Czech EU membership. The second chapter tests the effect of introducing the European single currency on the likelihood of equity and corporate debt issues by firms in the eurozone. The third chapter asks to what extent cheaper imported inputs may offset the loss in export sales due to domestic currency appreciation in Czech manufacturing firms around the EU accession period. In the first chapter we study what factors attracted foreign capital to Czech firms during the mid-transition, pre-EU-accession period 1997-2002. While the foreign own- ers' influence on firm performance has been widely studied, the same is not true for the opposite direction of causality. We consider macroeconomic, industry- and firm-level indicators of a firm's attractiveness to foreign capital. Using panel data techniques, we es- timate linear models, limited dependent variable models and a hazard model with foreign ownership as the response variable. We find that foreign investors are likely to come from countries with higher corporate taxes...
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