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Analysis of financial centres' position changes in the hierarchy of the European financial centres between 2005-2012
Hejnová, Tereza ; Blažek, Jiří (advisor) ; Rada, Hynek (referee)
This master thesis investigates recent dynamics of the European financial centres' hierarchy. In particular, the changes in this hierarchy during the financial crisis have been scrutinized. The first, the second and the third-tier European financial centres have been identified on the basis of total assets of banks localised in a given financial centre. The major impact of the global financial crisis has been a further accumulation within the banking sector (measured in terms of total assets), as the two biggest European financial centres increased their position significantly during the financial crisis. The analysis of pre-tax profits indicator showed that the second-tier financial centres have been hit hardest during the crisis. The results of analysis of evolution of employment in the financial sector provided the evidence that the change in the levels of employment follows the changes in banks' profits with a certain delay. However, despite the severity of the 2007-2010 financial crisis the changes of employment were relatively modest compared to changes in banks' profits. Our analyses also showed that there is no statistically significant relationship between the change of the banks' profits and the change of GDP of a region, in which the respective financial centre is localised. Following...
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Analysis of financial centres' position changes in the hierarchy of the European financial centres between 2005-2012
Hejnová, Tereza ; Blažek, Jiří (advisor) ; Rada, Hynek (referee)
This master thesis investigates recent dynamics of the European financial centres' hierarchy. In particular, the changes in this hierarchy during the financial crisis have been scrutinized. The first, the second and the third-tier European financial centres have been identified on the basis of total assets of banks localised in a given financial centre. The major impact of the global financial crisis has been a further accumulation within the banking sector (measured in terms of total assets), as the two biggest European financial centres increased their position significantly during the financial crisis. The analysis of pre-tax profits indicator showed that the second-tier financial centres have been hit hardest during the crisis. The results of analysis of evolution of employment in the financial sector provided the evidence that the change in the levels of employment follows the changes in banks' profits with a certain delay. However, despite the severity of the 2007-2010 financial crisis the changes of employment were relatively modest compared to changes in banks' profits. Our analyses also showed that there is no statistically significant relationship between the change of the banks' profits and the change of GDP of a region, in which the respective financial centre is localised. Following...
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Growth investing to small cap stocks
Rada, Hynek ; Musílek, Petr (advisor) ; Havlíček, David (referee)
This thesis focuses on indentification of financial analysis indicators of small firms. These indicators should help investors to use growth investing method within their first pick stocks. Discussed indicators are from capital market, rentability, indebtedness and liquidity areas. The resulting values of these indicators are interpreted accordingly to the strategy of the company. That helps to identify the company's strengths and weeknesses. This thesis contains of basic theoretical knowledge of growth investing and specifics of small companies. It also comprises of results of older empirical studies in which growth and value investing was compared. The growth investing methods by Jime Slater. There were used 14 historically significantly above average growing companies registred in NASDAQ for the purpose of analysis.
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Relation between macroeconomic fundamentals factors and firm efficiency
Rada, Hynek ; Pošta, Vít (advisor) ; Pavelka, Tomáš (referee)
Relation between macroeconomic fundamentals factors and firm efficiency is a comparative study of influences of macroeconomic fundamentals factors on the efficiency of seven Czech commercial banks. The study defines efficieny through a combination of GDP, inflation, interest rates and exchange rate to trajecty of banks development following changes in macroeconomic factors between 2004-2007 using detailed financial agents. The several concluds that Czech commercial banks clearly reflect layer economy development and thus are a cornorstone of the Czech economy. This study is limited in it's short period.
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