National Repository of Grey Literature 28 records found  previous9 - 18next  jump to record: Search took 0.00 seconds. 
Anomalies of financial markets
Máčayová, Miroslava ; Stádník, Bohumil (advisor) ; Vacek, Vladislav (referee)
Theory of efficient markets generally describes financial market as a place with perfect rationality and awareness. According to this theory, the price of each instrument fully reflects all available information, therefore denies the existence of poorly rated stocks. Against this doctrine stands the theory of behavioral finance, which describes, that individuals on financial markets do not always act in rational way, and their behavior is affected with emotions. This psychological phenomenon has the consequence that on the financial market are visible certain anomalies. There are a lot of explanations of these abnormalities. One of the assumptions is that the prices of instruments tend to rise more slowly than fall. This different is in my work explained by the theory of black swan - the existence of unexpected, but the price-setting information. Another psychological theory causing the abnormalities is called the round number effect, which describes that investors consciously or subconsciously tend to perceive the rounded amounts differently than others. Empirical results of my thesis largely demonstrated that the two psychological effects mentioned to some extend contribute to the existence of deviations from normal, and confirm the occurrence of irrationality on financial market.
P2P lending
Dobiasová, Dana ; Bártová, Hana (advisor) ; Vacek, Vladislav (referee)
The aim of this bachelors thesis is to determine the effect of P2P lending on the economic indicators and the status of small and medium enterprises in the United States, specifically for the period form 2011 to 2015. To better understand the practical part, two first chapters will be focused on defining the concept of P2P lending and analysing the current situation in the United States. Besides that, it is also an emphasis on regulatory requirements which are newly starting to appear. This knowledge is later used in practical part, which analyse the state of SMEs and their way of financing, which makes them able to safeguard its economic growth and offer new job opportunities. All the essential facts, identified by market analysis, were described and evaluate in the overall summary.
Insurance fraud on Russian insurance market
Shklyarskaya, Maria ; Daňhel, Jaroslav (advisor) ; Vacek, Vladislav (referee)
This bachelor thesis deals with description of insurance fraud on Russian insurance market, describes the insurance industry of Russia, its regulation and trends. Theoretical part begins from general definition of insurance market, describes the situation on Russian insurance market and also defines insurance fraud. Then, there are the analysis of individual fraud in the life and non-life insurance, methods of fighting against fraud and ways of prevention. Further thesis describes fraud indicators and their economic assessment. The conclusion of this thesis is a practical part, which testing three selected companies in order to evaluate the extent of their vulnerability to the fraud.
Risks of using VaR models for portfolio management
Antonenko, Zhanna ; Stádník, Bohumil (advisor) ; Vacek, Vladislav (referee)
The diploma thesis Risks of using VaR models for portfolio management is focused on estimation of the portfolio VaR using basic and modified methods. The goal of this thesis is to point out some weakness of the basic methods and to demonstrate the estimation of VaR using improved methods to overcome these problems. The analysis will be perform theoretically and in practice. Only market risk will be the subject of the study. Several simulation and parametric methods will be introduced.
Investment certificates for retail investors
Trefná, Anežka ; Vacek, Vladislav (advisor) ; Špániková, Kateřina (referee)
This diploma thesis investigates investment certificates for retail investors. The first chapter defines investment structured certificates. The second chapter is about availability of investment certificates for retail investors in the Czech Republic. The objectives of this chapter are a description of a present offer of securities dealers in the Czech Republic, a specification of decision criterions in choosing an online broker and a comparison of selected companies from a point of view of a client. Third chapter summarizes advantages and risks which are connected with investment certificates. The fourth chapter deals with a classification of structured products from various aspects and structures of investment certificates which are the most traded on the German exchange Scoach in Frankfurt. The aim is to provide an overview of each type of the investment certificate which contains description of specific parameters, structure and possible pay-off at maturity of investment certificate considering an underlying asset. The final part illustrates in practice one of more possible methods how to choose appropriate investment certificates. There is presented a process which is subsequently more described and applied on a demonstrative example of a hypothetical retail investor. The goal of the diploma thesis is comprehensively acquainted with investment certificates the reader, and shows one of the possible ways of picking appropriate investment certificates for an investor with a risk neutral profile.
Mortgage lending
Král, Šimon ; Vacek, Vladislav (advisor) ; Coufal, Libor (referee)
The subject of this bachelor thesis is the mortgage lending in the Czech Republic. Firstly, there are characteristics of the mortgage loan and other related definitions. Next part focuses on the types of the mortgage loans available in our country. The following chapter describes the changes, which has been recently done in this field due to effects of the new civil code. Lastly, the analytical part compares and evaluates the mortgage loans granted by selected banking institutions in the Czech Republic.
Modern attitudes to DCF model in comparison with classical attitudes
Klečka, Ondřej ; Veselá, Jitka (advisor) ; Vacek, Vladislav (referee)
Diploma thesis covers the topic about different attitudes to DCF valuation. The first part is an introduction into CAPM theory and a multifactor French-Fama model. This part also indicates different views on financial assets and analyzes an issue of setting discount rates, especially the risk-free rate and equity risk premium. The second part of this paper applies the theory into valuation of Microsoft, GAP and Telefónica O2. There are elaborated forecasts of the financial statements and free cash flows (FCFCE, FCFU), the discount rate composition and analyses of the factors HML and SMB. At the end, there are performed various valuations, which results are discussed together with a development of real market prices.
Underwriting of industrial risks
Víšková, Jana ; Ducháčková, Eva (advisor) ; Vacek, Vladislav (referee)
Underwriting is crucial as it considers whether to take the risk to insurance or not. This thesis describes the underwriting process of industrial risks and factors that have influence on the whole process. The first part is devoted to the description of industrial risks, the assessment of current industrial risks and the development and the current state of the industrial insurance in the Czech Republic. The second part describes the different products of industrial insurance and their underwriting process, with the focus on the underwriters, their rights, duties, qualification and risk management. The final part of this thesis deals with describing the whole process to a particular business, resulting in the insurance offer and the calculation of premium.
Financial Analysis of Komerční banka
Tunkl, Petr ; Radová, Jarmila (advisor) ; Vacek, Vladislav (referee)
The aim of the thesis is a financial analysis of the entity Komerční banka, a.s. in five business years starting in 2009 and ending with 2013. The thesis has two main parts. The first part is entitled "The Methodical Part", in this part a financial analysis itself is presented and the individual indicators and methods of the financial analysis are there described too. The second part is "The Application Part". In this section various methods and indicators are applied to the Komerční banka, a.s. Then the application part includes an evaluation of outcomes about the company's financial situation based on the results of these indicators. Furthermore, the application section contains continuous comparing the results of the financial analysis with competitive banks. At the end of this thesis the results of the financial analysis are summarized and there is an assessing of the whole company's financial situation.
Mergers and acqusitions of banks
Phamová, Le Na ; Kolman, Marek (advisor) ; Vacek, Vladislav (referee)
The bacholer thesis focuses on the topic of "Mergers and acqusitions of banks". Mergers and acquisitions are one of the factors of the changing in the banking sector. The aim of this thesis is to analyze causes, which led to the mergers and acquisitions, and to evaluate specific consequences, which merger brought. In addition, the bacherlor thesis is focused on the proces of merger and acquisition. The thesis will sum up the causes and consequences of particular merger.

National Repository of Grey Literature : 28 records found   previous9 - 18next  jump to record:
See also: similar author names
4 VACEK, Vladimír
8 VACEK, Vojtěch
4 Vacek, Vladimír
8 Vacek, Vojtěch
7 Vacek, Václav
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